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Browse our latest articles for practical bookkeeping advice, QuickBooks tutorials, and accounting strategies. Discover tips for efficient financial management and stay informed with current updates tailored for modern businesses.
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6 Key Strategies to Becoming a Top Customer Satisfaction Company

  Each of us has a handful of businesses that have become indispensable in our lives. Imagine how you’d feel if you were told, “You’re no longer allowed to engage with them, ever”? For a lot of people the answer to this question contains a few familiar names including: Apple, Starbucks, Nordstrom, and Amazon, not…

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Choosing Between Starting a Business or Buying a Franchise

Embarking on the entrepreneurial journey is a thrilling yet daunting prospect. Whether it’s nurturing a startup from the ground up or buying into a proven franchise model, each path offers distinct advantages and challenges. Before you make this life-altering decision, it’s crucial to weigh six key comparisons that could define your business future.

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Debunking Three Popular Franchising Myths: What You Shouldn’t Believe

  Franchising, a business model that has paved the way for global giants and local favorites alike, often falls prey to numerous misconceptions. In this in-depth analysis, we will debunk three of the most common myths surrounding franchising, thereby illuminating why companies should consider this model to scale their businesses. Additionally, we will explore how…

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10 Things You Can Do to Prepare Your Books for Tax Season
10 Things You Can Do to Prepare Your Books for Tax Season

Don’t wait until tax season to clean up your books. The purpose of keeping clean books isn’t to just do your taxes. Your books need to be done — but more importantly, they need to be done right. That means your balances need to tie out, your loan principal and interest need to be separated,…

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1099-K Updates
Updated Tax Reporting Rules for Form 1099-K in 2023

  Breaking News: The IRS has postponed the implementation of the 1099-K reporting requirement, maintaining the threshold at $20,000 and 200 transactions for 2023, and will not penalize third party settlement organizations for non-compliance below this threshold. Source: Insightful Accountant   Discover the implications of the reduced threshold reporting requirement on individuals and businesses. The IRS has revised the…

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2023 Year-End Guide & Checklists

Year-end is already upon us, so get your guide and checklists ready! Can you believe it? And along with year-end comes thoughts of financial preparation, time management, and more stress. Many of our clients have voiced to us, while year-end is important, there are still many other important duties to be fulfilled. So, it is…

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The 5 Pillars of a Healthy Franchise Infrastructure: Building for Success

  Franchising is a powerful business model that has fueled the growth of countless brands across various industries. However, the success of a franchise system hinges on a robust and well-thought-out infrastructure. This article delves into the five major pillars that are essential for establishing a healthy franchise infrastructure.

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Mastering the Art of Lease Negotiation: 6 Key Strategies for Franchisees to Thrive

  Negotiating a lease as a franchisee is a critical step in establishing and sustaining a successful franchise. The lease agreement not only impacts your day-to-day operations but also plays a significant role in your business financial health. Here are six essential lease negotiation tips for franchisees, each elaborated further for a comprehensive understanding:

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Year-End Accounting Resource Center

This Article Includes – Year end accounting checklists, Dealing with the IRS, Estate Planning, W-2 VS. W-4, How to prepare for year end, How To Avoid an Audit, Year End Accounting Tax Prep Tips, Important Year End Accounting Dates, Tax Deductions

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Constructing a Foolproof Accounts Receivable System

  Managing accounts receivable is crucial for maintaining a healthy cash flow and ensuring the financial stability of a business. A watertight accounts receivable process not only helps in realizing income on time but also in maintaining good relationships with customers. Here’s a comprehensive guide on building a solid, efficient, and leak-proof accounts receivable process.

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10 Reasons Cleaning Franchises Need Reliable Bookkeeping
10 Reasons Cleaning Franchises Need Reliable Bookkeeping

In the bustling realm of cleaning franchises, organizational efficiency, effective management, and fiscal integrity hold paramount importance. Amongst the myriad of operational components, bookkeeping stands out as a critical, non-negotiable element, underpinning the financial health and sustainability of the franchise. For cleaning franchises aspiring to foster growth, stability, and a heightened service delivery, meticulous bookkeeping…

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Working capital: definition, formula, & management tips

  Effective managers utilize various metrics to guide their decision-making processes, and working capital stands out as a pivotal one. A business ability to function hinges on its capacity to produce adequate cash inflows. By keeping a close eye on working capital, you can ensure a consistent and sufficient cash influx every month. By understanding…

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Naomi Baba

Owner of Shine Wellness Clinic

Laura has been a phenomenal asset to me and my business. Being a brand new franchise business owner, the financial side was all foreign to me. Laura took extra time and care with me through the entire process. She attended more than one meeting with my team so we could go over the numbers together. I truly can’t say enough about how much she has helped me.

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