Adcon Business Solutions’ Blogs

Having a sound accounting system in place is essential for tracking your income and expenses while managing cash flow. The two most common accounting methods small businesses use are the cash and accrual-basis methods.

Running a small business is not a small task. However, good accounting practices can help small business owners to manage their finances, stay organized and keep a good record of expenses and revenues. It means that while the company itself doesn't pay corporate tax, shareholders must still pay personal income tax on their share of the profits.

S corporation status is a special tax designation available to business owners. It allows the company to pay its shareholder-owners like any other employee, but with certain tax breaks.  It means that while the company itself doesn't pay corporate tax, shareholders must still pay personal income tax on their share of the profits.

As an independent contractor, understanding your tax obligations is essential to financial planning. As a business owner, it’s also important for classifying workers and properly reporting their income. Here are seven essential accounting tips for small business owners:

When starting a business, founders must manage the finances of their venture from day one. Accounting is an integral part of this process, and understanding the basics can help entrepreneurs make sound decisions and grow their businesses. Here are seven essential accounting tips for small business owners:

When you opt for professional accounting services, you want to ensure that you're getting the best. After all, your business is at stake, and a solid accounting system is essential for success. So, what are some critical tasks your accounting services should cover? In this article, we'll discuss the essential tasks of accounting services. While all businesses have different requirements, these are some core things you can expect:

Whether you run a startup, small business, or an established enterprise, a great bookkeeper is essential to keeping your financial records up-to-date. But how much will it cost you to hire a bookkeeper?

When looking for white-glove accounting services, you should know the top needs of your business first. Are you seeking better organization or tax assistance? Do you have accounting software, like QuickBooks, you need help with? Once you determine a list of top requirements, it’s time to start examining features.