News

2021.02.22 | Business Accounting
Are You Thinking About An Exit Strategy or Ownership Change in 2021?
Small business owners often overlook one important factor in the long-term success of their business: who will eventually take over the company? Perhaps you have in mind a family member, a key employee who has been groomed for your role, or a high potential employee who might be slightly off the radar. Regardless of who […]

2021.01.18 | Business Accounting
Xero vs. QuickBooks — Which is a Better Fit For Your Business Needs?
Business owners have many important decisions to make in 2021 after assessing how things changed during the pandemic. One of the most important decisions to make this year is which accounting software platform to utilize. While most of you have heard about QuickBooks (and QuickBooks Online/QBO), you may not be familiar with Xero and all […]

2020.11.16 | Business Accounting
Are You Prepared for the “New Normal” Business and Tax Implications?
COVID-19 health and safety concerns. Paycheck Protection Program (PPP) loans. Predominant work-from-home scenarios. Who could have predicted at the beginning of this year how much businesses would be materially altered in 2020? Now that we are several months removed from the initial shutdown, some temporary changes are starting to lean toward becoming permanent. For example, […]

2020.10.19 | Business Accounting
QuickBooks Tip for Business Owners: When to Use Batch Invoicing
In the early stages of running your business, you likely sent out a handful of invoices to customers or clients and it was easy to keep track of invoices and follow up on payment. But, now that your company has entered the next stage of growth, the sheer number of invoices can be overwhelming to […]

2020.09.10 | Business Accounting
The Importance of Securing Business Data in Remote Work Environments
Recent industry studies on fraud and data protection have indicated that small businesses are most at risk for cyber attacks. This is typically because small businesses cannot dedicate as many resources to cybersecurity, many small businesses store data in an unsecured manner, and cyber attackers can more easily advance their schemes through methods such as […]

2020.08.12 | Business Accounting
The Value of Building Custom Invoices in QuickBooks
Building custom invoices in QuickBooks is a valuable method to help grow your business. Not only will it make your company look more professional when sending invoices to customers, but the customization will help you better track payment status, receive payment faster, and support your company’s overall accounting function. Custom QuickBooks Invoices: External Value to […]

2020.07.23 | Business Accounting
Business Lessons Learned From This Year’s Health Crisis
Small businesses that operate in the Greater Houston area and the surrounding regions of the Gulf Coast know how quickly an interruption can happen. Typically, this occurs during hurricane season when a sudden disruption could affect your ability to run a business. This year’s global pandemic and the associated economic crisis certainly fits the category […]

2020.07.20 | Business Accounting
PPP Loan Forgiveness: Key Changes and Real Examples For Your Business
During this year’s pandemic, the CARES Act authorized the Small Business Administration (SBA) to make loans to qualified businesses. The provision established the Paycheck Protection Program (PPP), which provides cash flow assistance to eligible recipients through loans that are 100% backed by the federal government and have the ability to be forgiven if certain parameters […]

2020.05.12 | Business Accounting
5 Hidden Signs of Fraud in a Small Business
This year’s workplace disruption has created a challenging situation for small business owners to support business integrity. One area of concern is being able to detect hidden signs of fraud in business activity, particularly when employees are working from home. While many employees will work with integrity no matter their work environment, other employees may […]

2020.04.14 | Business Accounting
3 Succession Planning Best Practices You Need to Consider
As you approach retirement age, you may start thinking about succession planning for your small business. You need a plan to protect the business that you’ve worked so hard to build. A succession plan gives you peace of mind and prepares your business for when you’re gone, or in case the unexpected happens. Even though […]