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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5 Ways to Protect Against Inflation

February 7, 2022 | Carmel

Are you seeing your energy, gas, and grocery prices increase? When more demand than supply occurs, prices rise, and we call this inflation. Some say the question is whether or not inflation is transitory (temporary). At Edgewater CPA Group, we want you to stay calm and be prepared no matter what happens. Therefore, we put together this list of five things you can do to protect yourself against inflation. 

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A Look Ahead to 2022: Forecasted Cost Increases for Businesses

November 20, 2021 | Bookkeeping Services

As a business owner, you’ve probably experienced some of the fallout from the pandemic, and other economic factors, since 2020. As 2021 nears the end, now is an excellent time to look toward forecasted cost increases in 2022. After all, to be forewarned is to be prepared. Kiplinger releases an annual report highlighting cost increases for businesses, which many entrepreneurs value. As such, Edgewater CPA Group highlights some of its significant predictions in this article for your review. 

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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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What Businesses Need to Know About Taxes for Fourth Quarter 2021

October 14, 2021 | Bookkeeping Services

Do you know the saying, “Time keeps marching on?” As time marches, so do taxes. On the one hand, business owners can count on certain filing dates and tax requirements. On the other, businesses continue to face uncertainty as Congress continues to debate budget issues with huge tax implications. In this article, Edgewater CPA Group covers what businesses need to know about taxes for the fourth quarter of 2021, and what may be on the horizon.

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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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Top 20 Reasons You Should Use a CPA: Part One

March 9, 2021 | Carmel

Whether or not to use a CPA isn’t always clear-cut. Believe it or not, the question gets asked frequently. At Edgewater CPA Group, we’re experts in accounting and finance. Throughout our time serving customers in the Evansville and Carmel areas, we’ve compiled a compelling list of reasons to hire a CPA. Here are the first ten (the next ten will be covered in the next blog).

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Cryptofraud: The Top 3 Examples and Case Studies

February 24, 2021 | Carmel

Cryptocurrencies are an elusive mythical creature for some, but for others, they are a viable investment strategy that carry a huge gains potential. For the latter, investors tend to assume the higher risk that goes along with the possibility of substantial returns. Fraud does not constitute a major component of risk assessment when it comes to most investments. However, Edgewater CPA Group wants you to know some cryptocurrencies are rife with fraud, and a new term has even been coined: cryptofraud. Here are the top three ways cryptofraud occurs.  

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