The accounting services for small businesses you need will depend on where your business is today. You might need someone to handle the bookkeeping and get your year-end file ready, or you may need help putting together a plan for some of the administrative work. At Kermode Accounting, we can help with those areas and […]
As your business grows, the way you handle your accounting needs to grow with it. You might start by doing the bookkeeping yourself, then move to a contracted bookkeeper and eventually bring that role in-house. At some point, though, you need more than someone recording receipts and providing financials. As the business gets bigger, you […]
If you’re paying a CPA to handle your business’s accounting, what should you actually expect from them? Getting your year-end work completed is one part of the relationship, but it shouldn’t be the only thing you receive. There are really two things you should be getting from your CPA: the year-end work and the advice […]
In the last part of this series, we looked at why hiring a bookkeeper can save your business money. The next step is making sure you hire the right person for the role. One of the biggest hiring mistakes starts with trying to fill two very different jobs with one person. It’s common to look for someone who can […]
In the last part of this series, we talked about when hiring a bookkeeper becomes a worthwhile investment. Before we look at the most common hiring mistakes, it’s important to understand the difference between bookkeeping and administrative work. These roles often work closely together, but they aren’t the same. Knowing where one role ends and the other begins makes […]
In the last part of this series, we looked at when it makes sense to hire a bookkeeper. Once your business grows beyond that point, the next question is whether hiring one is worth the cost. In many cases, the answer comes down to how much those bookkeeping mistakes could end up costing your business. Growing Businesses […]
One of the questions business owners ask most often is when it’s time to hire a bookkeeper. The answer depends on your business, but there are a few practical rules of thumb that can help you decide. Rule of Thumb #1 If your time is worth more than about $120 an hour, your focus should be on […]
Business owners are often hiring the wrong people for the wrong job. Let’s break down when you need an accountant, a bookkeeper, and administrative support. What Does an Accountant Do? If your business is incorporated, your accountant prepares your year-end tax filing, gives you advice on reducing your taxes through proper tax planning, and completes the financial reports you may need to share […]