5 Time-Savings Tips for QuickBooks Users

5 Time-Saving Tips for QuickBooks Users

By | Accounting, Business Finance

If you’re running a small business, it’s probably safe to say you don’t have lots of extra time on your hands. With the time you do have, you more than likely want to focus on the big, inspirational, long-term goals that will grow your company (not on the small — but necessary — tasks like writing checks and invoices). When you get the chance to save a few minutes here and there on small tasks, it’s a smart move for your business (and your sanity). Accounting software like QuickBooks is a great way to eliminate hours of time on accounting…

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Solution to Confusing Non-Profit Accounting

Your Solution to Confusing Non-Profit Accounting

By | Accounting

Did you know that public charities report almost twice as many accounting errors as corporations? That’s what a study from the American Accounting Association found based on research collected between 2006 and 2010. Why is this? No doubt, some of these errors are due to specific non-profit accounting nuances that can cause accidental errors. However, other errors may be due to a lack of qualified accounting and financial professionals at smaller non-profit organizations. It’s not surprising that many non-profits operating on shoestring budgets rely completely on volunteer labor for accounting expertise. Others may unload bookkeeping and financial responsibilities onto administrative…

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Small Business Accounting 101: Get Your Startup Started Right

By | Accounting, Business Finance

One out of every three business start-ups don’t survive beyond the first two years. One key to success is laying a good foundation for your startup at the beginning. Below are some questions you’ll need an answer to. As you read, keep in mind that Pine and Company is happy to help each step of the way. We get excited about startups being successful. Don’t hesitate to reach out for help. Does your startup have a business plan? A good business plan sets the framework for a new business. Writing one serves a few purposes, not the least of which…

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19 Ways an Accountant Can Benefit Your Small Business

By | Accounting, Business Finance

Small business owners often look for ways to cut costs, especially in the startup phase of their business. However, DIY accounting could be more costly than hiring an accounting firm if for no other reason than missing valuable tax deductions. The benefits accountants offer small businesses go well beyond that, though. Accounting for Startups Starting a business is exciting. The dreaming, the visioneering, the possibilities, the newness of it all… It’s intoxicating. Then comes the time to crunch numbers. It can make you want to feel intoxicated in a completely different way. Accountants serve as good advisors and could be…

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Why Your Business Needs an Accounting System

Why Your Business Needs an Accounting System

By | Accounting, Business Finance, SuccessWatch

A common question we receive from our clients is, “Does my business need an accounting system and, if so, which one should I use?” Our answer, in short, is a resounding yes. Without question, all businesses, small or large, need to be using an accounting system. Without one, it becomes extremely likely that important items will fall through the cracks, causing a huge headache later down the line. But before we get into which accounting systems we recommend, let’s discuss why they’re so important for your business. Why Your Business Needs an Accounting System There are many reasons businesses should…

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Should You Consider Outsourced Accounting Services?

Should You Consider Outsourced Accounting Services for Your Small Business?

By | Accounting, Business Finance

Have you been wondering whether or not to outsource accounting for your business? If you’re like most small business owners, you’ve considered hiring a CPA to manage your books or keep track of payroll. But have you ever really found the help you need to streamline your financials and stay on top of taxes? On the other hand, has the DIY approach been failing you? You see, the vast majority of small business owners don’t come from backgrounds in finance. While they may be equipped with the entrepreneurial spirit, expertise in their field, and knack for business, the accounting aspect…

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how to choose the right accountant

How to Choose the Right Accountant

By | Accounting, Business Finance

Having a skilled accountant at your fingertips is an invaluable asset for any business owner. Accountants can help you keep an eye on cash flow, payroll, taxes, and much more. Regardless of which stage your business development may find itself, to say that having the assistance of an experienced accountant is an important asset is an understatement. Perhaps you’re getting ready to start a business. Maybe you’ve already started your business but need to look at new money management options. Or, maybe you’re a seasoned entrepreneur who simply isn’t happy with the accountant or CPA firm(s) you’ve been using. If…

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2017-year-end-tax-planning-checklist-individuals

2017 Year-End Tax Planning Checklist for Individuals

By | Accounting, Taxes

As the end of the year approaches, it’s time to take a look at some year end tax planning strategies for this year, and possibly the next. Last month, we discussed some possible tax deductions and credits for businesses, but individuals should be preparing for filing time, too. We have compiled a checklist of possible strategies based on current tax rules that may help you save tax dollars if you act before year-end. Not all of these items will apply in your particular situation, but you (or a family member) will likely benefit from many of them. We can narrow…

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8 Tips for Smarter Small Business Budgeting

By | Accounting, Business Finance, SuccessWatch

Small business budgeting doesn’t have to be a headache. We don’t recommend it, but businesses operate without following a budget or other financial plans more than you think. You might even be running one of those businesses (although we hope that’s not the case). However, there are many free resources for entrepreneurs who are ready to learn the ropes of business finance. (If you don’t already have a budget in place, here’s a business budget template from Quickbooks to get you started.) The fact is, for your business to be a success, you need to have a handle on its…

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prepare for tax season

What to Do in September to Prepare for Tax Season

By | Accounting, Taxes

Are you the kind of person who always has their ducks in a row? Do you consistently keep track of financial records and have a filing system even the most adept CPA would be jealous of? Even if you do, this is for you. If not, this is really for you. Most people are, simply put, busy. With the hustle and bustle of daily life come all sorts of minor complications that often keep you from staying on top of your financial game. We understand, and that’s why we’re here. If you haven’t been preparing for the 2018 tax season…

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Does my business need an accountant?

Does My Business Need an Accountant?

By | About Us, Accounting, Taxes

Does My Business Need an Accountant? Are you wondering if your business needs an accountant? If you’re a business owner or planning to start a business in the future, hiring a financial professional to manage your company’s accounting needs is one of the wisest decisions you can make. Think of it this way: what if one wrong decision in the beginning of your business venture ends up having a negative impact on your business in the long run? We’ve seen case after case in which a client was misadvised at the beginning of their venture and structured their business (and…

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Common Financial Business Mistakes

4 Common Financial Mistakes People Make When Starting a Business

By | Accounting, Business Finance, SuccessWatch

Are you getting ready to start a new business? Or perhaps you’ve already begun running a startup but are feeling overwhelmed by the financial aspects of your operations? Either way, there are a few common financial mistakes new business owners make when beginning their new ventures. Many small business owners start new companies without taking the proper precautions to ensure their chance at success. According to the Bureau of Labor Statistics, around 51% of all new businesses fail within the first four years of operation. And, according to a 2016 Global Entrepreneurship report, over half of businesses fail due to…

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fort-worth-accountant

More About Pine & Co.: Our Tax Services

By | About Us, Accounting, Taxes

Our Tax Services Because many of us at Pine & Company have worked as independent CPAs in the past, we know how difficult it can be to properly manage a client’s taxes as a solo practitioner. So, as a team, we conduct a multi-step quality review process which provides each and every tax return with multiple sets of eyes before filing. During each level of review, we make sure all data has been properly entered, that we’re not missing any deductions or credits, and double-check all of our calculations. By the time your tax return reaches its final level of…

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SuccessWatch - DFW Business Consulting

Introducing SuccessWatch

By | About Us, Accounting, SuccessWatch, Taxes

Introducing SuccessWatch Pine and Company CPAs is excited to introduce our newest service, SuccessWatch! Simply put, this is business consulting at its finest. Whether you need to improve profitability, become more financially efficient, or simply identify costly problem areas, SuccessWatch uses data-driven financial metrics to have a positive impact on your bottom line. We are a firm with nearly 200 years of combined expertise. As a result, we believe we’re in the best possible position to help our clients improve their business’ profitability and efficiency. Essentially, this is business consulting with a financial expertise edge. How It Works Put simply,…

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