As a business owner, you have many concerns on your plate. Many business owners choose to alleviate some of their hands-on responsibilities by hiring an accountant to manage their financial needs. Regarding accounting, business owners have two options: hire an in-house accountant or use a professional outsourced accounting firm. Both have their advantages, but which […]
Category Archives: Portland CPA Blog Posts
3 Financial Details to Consider in New Business Formation
3 Financial Details to Consider in New Business Formation Deciding to start a business can be very exciting. You’ve got a new idea and the desire to make things happen. However, starting a new business can also be overwhelming. The financial details that must be addressed before you get your new enterprise off the ground […]
When Do You Need a Bookkeeper vs. an Accountant?
Different kinds of financial professionals are important for the smooth operation of any business. But how many people truly understand the differences in the role that a bookkeeper plays in a business versus the role played by an accountant? The work of both of these professionals is crucial in keeping a business above water financially, […]
What Is the Difference Between Business Accounting and Financial Accounting?
Businesses of many kinds have used accounting techniques to manage their finances for centuries. Even in the days of the local blacksmith when clients brought their horses in for new shoes, there was some system by which the smithy kept track of his profits and losses using simple methods. Since then, however, the science of […]
What Is Client Accounting Services?
If you’re a business owner, you may have used outsourced accounting services to help manage your business finances. However, client accounting services offer something that goes beyond simply outsourcing an accountant. When you use client accounting services, it’s almost as though you’ve hired a team of your own accountants who become familiar with your unique […]
What Are the Benefits of Business Advisory Services?
Working for an employer and receiving a paycheck may be a daily grind, but at least it gives the employee the security of that paycheck. But for those who run a business, that kind of security just does not exist, and every day is a new opportunity to sink or swim. While running a business […]
Top Reasons to Hire a Fractional CFO
When you started your own business, you were full of passion and dreams of success. But all too often, somewhere along the line, the waters of running a business can become quite rough and you may not know where to turn. When this happens, you may want to think about hiring a fractional CFO. But […]
Tax Questions to Ask When Structuring Your Oregon Cannabis Business
If you’ve decided you want to benefit from the booming growth of the cannabis business in Oregon, you are probably interested in learning all you can about how to set up your business to be compliant with Oregon state laws. And, just like all other businesses, a cannabis retail business must pay taxes. As a […]
Small Business Tax Preparation Checklist
If you’re a business owner or manager, you may feel some trepidation when you know that tax time is approaching. One way to minimize this anxiety is to be prepared for the tax season by using a simple small business tax preparation checklist. Using a checklist ensures that you’ll have all the documents you need to […]
How Useful is Cash Flow Forecasting?
Nearly all business managers wish they had a crystal ball that they could use to predict the future. While that may be impossible to obtain, the next best thing may be cash flow forecasting. With this useful business tool, business decision makers can seek the advice of a cash flow forecaster to use past and […]
How to Find Outsourced Accounting Services for Your Oregon Business
If you’re a business owner, you know what it means to be busy. Business planning and marketing as well as strategic planning undoubtedly take up a lot of your time, but it’s important to remember that efficiently managed finances are at the center of every successful business. If you need help keeping up with the […]
How to Choose a CFO for Your Cannabis Business
Managing the finances of a cannabis business is challenging for many reasons, not the least of which is the fact that many of these businesses have only recently obtained their legal status. This means that they are under the close scrutiny of state health agencies as well as federal agencies like the IRS. That is […]