by Carson Group Tax & Accounting Advanced Solutions | Feb 18, 2021 | Bookkeeping Tips
You may ask yourself, what does the term ‘Business Advisory Services’ mean? It’s a hot and sophisticated word used today by accountants, CPAs, consultants, advisors, coaches and wealth management folks. What is it? Well, it has to do with business and it has to do...
by Carson Group Tax & Accounting Advanced Solutions | Dec 23, 2020 | Bookkeeping Tips
As a business owner you may be asking yourself the question, or you have heard the question…“What is the difference between working IN your company and working ON your company?” For most of us business owners, we’ve been working in our company. Working in your company...
by Carson Group Tax & Accounting Advanced Solutions | Nov 13, 2020 | Bookkeeping Tips
Ask yourself the question, what is the difference between profit or net income, and cash flow? The difference is huge! Accountants and CPA’s put together three financial statements; one is the Profit and Loss statement (your Income statement) which indicates profit or...
by Carson Group Tax & Accounting Advanced Solutions | Jul 1, 2020 | Bookkeeping Tips
As with any economic downturn, a great opportunity arises for well managed and well capitalized companies. Many poorly run businesses will shut down, see their valuations drop, or be forced to downsize and layoff a large portion of their employees. Good businesses can...
by Carson Group Tax & Accounting Advanced Solutions | Jun 1, 2020 | Bookkeeping Tips
Cash flow. It’s the be-all end-all of any business. It’s what pays the bills. Over half of companies go out of business from a lack of cash flow—not a lack of profits. The key metric to gauge cash flow is whether your receivables are coming in quicker than your...
