We specialize in bookkeeping, payroll, income tax return preparation, and retirement planning, and serve a nationwide clientele consisting of individuals and businesses of all types and sizes (LLC, partnerships, C & S Corporations), as well as trusts and estates. As financial problem solvers, we provide practical advice and proactive solutions with personalized service. We are affordable, experienced, and friendly, and we tirelessly study and research the ever-changing world of tax law and regulation so that we can help every client realize the greatest possible savings and return on investments. Our office is conveniently located in Dover, Delaware. Please contact us today to find out more about how we can make YOUR life less taxing!Tax
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๐ช๐ต๐ฎ๐ ๐ฐ๐ฎ๐ป ๐ ๐ฑ๐ผ ๐๐ผ ๐บ๐ฎ๐ธ๐ฒ ๐บ๐ผ๐ป๐ฒ๐ ๐ณ๐ฒ๐ฒ๐น ๐ฎ ๐น๐ถ๐๐๐น๐ฒ ๐น๐ฒ๐๐ ๐๐ถ๐ด๐ต๐ ๐ถ๐ป ๐บ๐ ๐ฏ๐๐๐ถ๐ป๐ฒ๐๐?
If cash feels tight in your business, start by collecting money that's already owed to you.
Here are three places you can start:
1. Audit monthly software and vendor subscriptions, and cancel whatever isn't bringing in revenue or saving time.
2. Send follow-ups on overdue invoices past 15 days (uncollected money is an interest-free loan you're giving away).
3. Offer an add-on service to active clients, which takes less effort than landing a new customer.
Cash flow problems are usually a system issue, not a personal failure.
Send us a DM if you want another set of eyes on your expenses and unpaid invoices.
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๐ช๐ต๐ฒ๐ป ๐๐ต๐ผ๐๐น๐ฑ ๐ ๐๐๐ฎ๐ฟ๐ ๐ฐ๐น๐ฒ๐ฎ๐ป๐ถ๐ป๐ด ๐๐ฝ ๐บ๐ ๐ฝ๐ฎ๐๐ฟ๐ผ๐น๐น ๐ฟ๐ฒ๐ฐ๐ผ๐ฟ๐ฑ๐ ๐ณ๐ผ๐ฟ ๐๐ฒ๐ฎ๐ฟ-๐ฒ๐ป๐ฑ?
You should start reviewing your payroll records before Q3 closes so that you have time to catch problems while you can still address them.
A few things to check now:
1. Do your payroll reports match your general ledger?
2. Are any manual or voided checks creating discrepancies?
3. Do you have the right information on file for your contractors?
4. Are your payroll wage categories recorded correctly?
You have a three-month buffer to get those records cleaned up before December 31.
And if you want help reviewing the numbers, donโt hesitate to reach out (especially before Q4 gets too far along).
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It's easy to look at AI as the solution to your problems. But what it really does is magnify the problem areas that exist in your company already.
There are some key questions mentioned here that would be good for you to consider for your own business when incorporating AI.
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AI Won’t Fix a Business That Wasn’t Working Before AI
www.inc.com
Technology cannot compensate for unclear processes, weak accountability, or a team that does not know what good performance looks like.0 CommentsComment on Facebook
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First State CPAs & Associates |
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|
18 S. State St, Dover, DE 19901 |
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| (302) 736-6657 | |
| Business Hours | |
| January 1st January 31st | |
| MondayโFriday: | 8amโ5pm |
| Saturday & Sunday: | closed |
| February 1st April 15th | |
| MondayโThursday: | 8amโ6pm |
| Friday: | 8amโ5pm |
| Saturday: | By appointment |
| Sunday: | closed |
| April 16th December 31st | |
| MondayโThursday: | 8amโ5pm |
| Friday, Saturday & Sunday: | closed |
