How to Manage Small Business Finances

May 1, 2022 | Business Development

As a small business owner, you have to wear many hats. One of those hats is of the finance manager. It can be challenging to keep track of all the financial aspects of your business, but it is essential to do so if you want your business to succeed. Edgewater CPA Group is here to help, and we’ll discuss some tips for managing your small business finances. We will cover everything from creating a budget to tracking expenses and revenue.

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What Does an Accounting Controller Do?

April 1, 2022 | Accounting Services

An  is responsible for overseeing all financial aspects of a company. This person manages the budget, tracks expenses, and ensures that the books are in order. Additionally, a controller may also be involved in tax planning and forecasting. As important as their job description may sound, very few small businesses have the resources to employ this person in-house. So, they turn to Edgewater CPA Group for help. Here’s why a controller is important for your business.

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3 Strategies to Survive a Cash Flow Crisis

March 15, 2022 | Accounting Services

One of the best things you can do as a business owner is to improve and grow your cash flow. Still, no matter what you do right, the market will fluctuate, and cash flow issues always come up. But, what can you do to prepare and even navigate them? With proper bookkeeping from Edgewater CPA Group and having the right strategies in place, you can survive any ups and downs that might come your way. Here are three of those key cash flow strategies.

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How to Take a Proactive Approach to Business Taxes and Bookkeeping

November 6, 2021 | Bookkeeping Services

If you filed an extension for 2020 business taxes, you probably just closed the door and breathed a sigh of relief. However, 2021 is nearing the end, and tax time will be here again before you know it. If you find yourself and your business in a reactive state, it may be time to try something new. For that reason, Edgewater CPA Group reveals how to take a proactive approach to business taxes and bookkeeping.

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Top 20 Reasons You Should Use a CPA: Part Two

April 15, 2021 | Carmel

At Edgewater CPA Group, we want our clients to focus on the things that matter most to them, such as family, business, and health. Why spend time worrying about tax laws and financials when you can use one of our experts to navigate them on your behalf? If you’re not convinced, we have compiled a list of 20 reasons you should use a CPA. Our last blog contained the first ten reasons, and this blog includes ten additional reasons. Let’s dive right in!

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Tax Tips for Reporting E-Currencies

October 15, 2020 | Cryptocurrency

Virtual currencies, also called cryptocurrencies or e-currencies, might be relatively new to the world of finance, but they are becoming more common. Bitcoin, for example, is being accepted by retailers as payment and used to pay employees. Some people are holding virtual currencies as capital assets. Regardless of how you use e-currencies, they may be subject to taxation by the IRS. If you are exploring cryptocurrencies, now would be a good time to talk to the team at Edgewater CPA Group about how you can plan for your 2020 taxes. 

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3 Sales Tax Mistakes for Small Businesses to Avoid

September 11, 2020 | Fort Wayne

For small businesses, paying sales tax on goods they sell is a simple concept. But with constantly evolving federal and state legislation, keeping track of all the changes can be challenging. That’s why our clients appreciate the services they get in tax preparation from Edgewater CPA Group. We know it’s a difficult task for small businesses owners to manage. Here are a few roadblocks you should be aware of in making sure your small business is compliant with paying sales tax.  

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4 Team-Building Strategies for Challenging Times

August 19, 2020 | Fort Wayne

Let’s face it, life is hectic and chaotic for many people right now. Between business owners eyeing an uncertain economic future, employees hoping they won’t get laid off, and parents trying to figure out school plans for their kids, we’re carrying a lot of stress these days. That’s why it’s so important to encourage your employees to come together as a team. Team-building activities can help foster bonding and create a sense of shared purpose that can have a serious impact on your bottom line. Edgewater CPA Group has a few ideas on how you can do just that, as well as great payroll solutions when you need them. 

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The Best Tools for Keeping Track of Your Books

July 24, 2020 | Bookkeeping Services

When you’re a small business owner, you have a lot going on – all the time! That’s why you need a simple bookkeeping solution you can actually understand. At Edgewater CPA Group, we’re aware that there are lots of options out there. But your business is as unique as you are, and each tool offers different features. Here’s a brief look at what we suggest.

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How Small Businesses Can Weather the COVID-19 Storm

June 10, 2020 | Bookkeeping Services

The COVID-19 pandemic continues to make headlines all over the world – and on Main Street in your hometown. According to an April study by the National Small Business Association, nine out of ten small business owners are worried about the future. Nearly three quarters of small businesses have seen customer demand drop since March. Although federal aid is available, the process can be difficult to navigate and it can take a long time for relief to arrive. So what’s a small business owner to do in the meantime? Edgewater CPA Group is here to help. It’s impossible to know what our world will look like a year from now, but here are a few places to start in considering how your small business can weather this global pandemic. 

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