What Is a DBA & When Does Your Business Need One?

You’ve recently started a business and have started representing your company to customers, vendors, and other entities—but should you do these transactions under your name or look into filing for Doing Business As (DBA)? DBA is a status that many small and startup businesses use to legitimate their enterprise and establish themselves as an actual…

What Is the Difference Between Cash and Accrual Accounting?

A crucial component of any business is proper accounting practices. Without this, business owners wouldn’t be able to run their companies effectively. After all, accounting helps track income and expenses, ensures statutory compliance, and offers quantitative financial data for investors, management, and the government to aid their business decisions. There are two main methods to…

8 Ways to Optimize Your Cash Flow in 2022

The lifeblood of any business’s success is its cash flow. Ideally, you want the inflow of revenue to exceed the outflow of cash spent on expenses. However, understanding the importance of your cash flow and knowing how to optimize it are two very different things. The multiple flows of money from investing, operations, and financing…

What Is a Tax Accountant, and What Do They Do?

What Is a Tax Accountant, and What Do They Do?

Every year at the start of the year, taxpayers start collecting all their documents to prepare for tax season. Some opt to use a tax accountant to simplify their filing process. But tax accountants do more than file taxes—they can help individuals and businesses save money year-round. So, what is a tax accountant, and what…