What You Need to Know about the BOI

January 17, 2024 | Business Development

As a business owner, staying abreast of new information and reports relevant to your industry can be a challenge. One such report recently released is the BOI or Business Ownership Information report. As of January 1, 2024, registered businesses like Limited Liability Companies and Corporations must file this report with the Financial Crimes Enforcement Network (FinCEN). We realize you might have questions, so here’s what your friendly accounting experts at Edgewater CPA Group want you to know.

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5 Tax Deadlines Business Owners Should Know

January 3, 2024 | Accounting Services

Tax season is upon us, and it can be daunting as a business owner. But it doesn’t have to be. If you’re operating a business in Indiana, Edgewater CPA Group will walk you through all the important tax deadlines business owners should know.

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4 Signs You’re Ready for Outsourced CFO Services

December 17, 2023 | Carmel

Running a small business can be a daunting task, especially when it comes to managing finances. As an entrepreneur, you may find yourself juggling multiple responsibilities, including acting as your own Chief Financial Officer (CFO). However, as your business grows, the financial complexities also increase, and it may become challenging to keep up with everything. At this point, outsourced CFO services from Edgewater CPA Group might be the solution. Here are four signs that it’s time to give us a call.

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4 Tips for Classifying Your Business Expenses

December 3, 2023 | Accounting Services

Small business owners wear many hats – CEO, accountant, marketer, and more. With so many responsibilities, it can be easy to overlook the importance of properly classifying business expenses. However, correctly categorizing expenses is essential for tax purposes, financial reports, and budgeting – all things Edgewater CPA Group can help you with. So, let’s make sure you’re classifying your business expenses correctly.

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Why Proper Documentation is Crucial for Tax Season

November 17, 2023 | Business Tax Strategy

As a business owner, you know that tax season can be a stressful and challenging time. One of the most critical parts of preparing for taxes is ensuring you have the proper documentation to support your business deductions and expenses. Proper documentation can make the difference between a smooth tax season and a headache-inducing one. So, Edgewater CPA Group is here to discuss why proper documentation is crucial for tax season and how it can help ensure that you maximize your deductions and minimize your tax liability.

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Top 5 Payroll Software Options for Small Businesses

November 3, 2023 | Accounting Services

Small business owners are faced with many important decisions, and one of the most crucial is choosing the right payroll software for your company. Payroll processing can be time-consuming, complicated, and overwhelming. However, it is essential to ensure your employees are compensated accurately and on time. That’s why Edgewater CPA Group helps you explore the top five payroll software options for small businesses.

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4 Ways to Avoid an IRS Audit

October 16, 2023 | Business Tax Strategy

As a small business owner, do you cringe at the thought of being audited by the IRS? You’re not alone. The prospect of an IRS audit can be frightening, costly, and time-consuming. However, the good news is that there are ways to avoid an IRS audit altogether, and Edgewater CPA Group can help you do just that with proper tax prep.

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5 Benefits of Hiring a Virtual Bookkeeper

October 2, 2023 | Bookkeeping Services

A bookkeeper is someone who keeps track of your business’s financial transactions, such as expenses, income, and cash flow. However, hiring a full-time person can be expensive and time-consuming. Luckily, there is another option: the virtual bookkeepers from Edgewater CPA Group. Let’s explore the benefits of hiring our team for your business.

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How to Set Financial Goals for Your Small Business in 5 Steps

September 15, 2023 | Accounting Services

The success of any small business depends largely on its ability to set and achieve financial goals. Whether you’re an established business owner or just starting out, having a clear, well-defined set of financial goals is critical to your success. But what exactly are financial goals for your small business, and how do you go about setting them? Edgewater CPA Group is here to guide you.

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Top 5 Traits to Look for in a Payroll or Controller Candidate

September 1, 2023 | Accounting Services

As a business owner looking for the right payroll or controller candidate, it can be daunting to find the right person. You want someone ideal for the job but also for your organization. We’re confident our team here at Edgewater CPA Group is a perfect fit for you. Still, here are the top five traits to look for in a payroll or controller candidate.

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