Tax & Accounting Updates


Latest Tax Alerts

Check out the latest tax alert section of our website, full of links and articles for professional and personal tax news. Read More


Congress Passes Tax Extenders

With just two weeks left in the 2014 calendar year, Congress finally passed the much anticipated tax extenders bill extending, for 2014 only, a number of personal and business tax breaks... Read More


Time payments to maximize year-end tax benefits

When accelerating or deferring income or expenses at year end as part of an overall tax strategy, certain timing rules become critical.
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Presti & Naegele


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Outsourced Accounting

 

Five Steps to Transform Financial Accounting from a Headache to a Competitive Advantage

Andy Presti, Partner Accurate and up-to-date financial information can be a powerful tool for growing businesses. With reliable financial information, business owners can make better strategic decisions, secure resources and increase profitability. While there is no doubt that financial information can be an important competitive advantage, for some business owners, the process of gathering, compiling and reporting financial information can be a serious drain on organizational resources.

So how can you get powerful financial information in your hands without slowing down your business to put it together? You might want to consider outsourcing your entire accounting function. The fact is many small-business owners struggle to find the right solution for their accounting needs. They need timely and accurate financial information, but they aren’t yet large enough to require a full time controller or chief financial officer. Many business owners struggle through their monthly accounting on their own, spending valuable time counting money when they could be making money, while others hire part-time bookkeepers and often fail to get consistent results and records.

If you find your organization struggling to get value from financial information, or you find yourself spending too much of your own time managing accounting processes, perhaps you should consider partnering with an accounting firm that specializes in providing outsourced accounting services. Here are a few tips that will help your organization benefit from outsourced accounting.... Read More




    








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