Accounting Tips
6 Ways Accounting Services Impact Businesses
In the intricate web of modern commerce, accounting services stand as the unsung heroes, wielding a transformative influence that goes far beyond mere number-crunching and compliance. The impacts of these services resonate through the core of businesses, contributing to financial stability, informed decision-making, and overall growth.In our latest blog article, we dive into the profound […]
Unveiling the 7 Essential Services Offered by Bookkeeping Businesses
In the fast-paced world of entrepreneurship, effective financial management is the linchpin for sustainable success. Small and large businesses alike recognize the pivotal role that bookkeeping plays in maintaining financial health and ensuring compliance with regulatory requirements. As such, bookkeeping businesses have become indispensable partners for enterprises seeking to navigate the complex landscape of financial […]
10 Benefits of Hiring an Accounting Firm for Payroll Services
Today, in the overly complex world of business, payroll management can be a daunting and time-consuming task for any company, big or small. It’s not just about cutting checks; it involves intricate calculations, compliance with tax laws, and keeping up with the ever-changing landscape of employment regulations. This is where hiring an accounting firm to […]
The Importance of Accounting for Small Businesses
Regardless of a business’s size, accounting is an essential component. However, for small businesses, effective accounting practices such as savvy record-keeping and maintaining accurate records are not just important but crucial for survival, growth, and overall success.As such, the team at Bonstar Accounting Services has put together this article to explore the myriad reasons why […]
43 Life Events That May Affect Your Taxes and Accounting
Your tax professional will ask you about what’s happening in your life, whether in the form of an interview, intake form, or annual tax organizer. Please know they are not being overly nosy! They need to know when life events occur because they often make a difference in how much tax you pay. It’s usually […]
25 Questions to Ask When Hiring an Accountant
A lot of times, new business owners ask us one question: How much will it cost for you to do my accounting or taxes? And, we’re happy to answer that question as soon as we find out more about your business and whether we can help you with what you need. However, you might want […]
The Concept of Independence in Accounting
Independence is a key concept in accounting, especially in the assurance or auditing area of accounting. Assurance services are services where a licensed CPA reviews an organization’s financial statements and accounting records and provides an opinion about them. This opinion takes the form of a report that can be shared with third parties such as […]
30 Reasons Why It’s Better to Have Professional Help with Your QuickBooks® Software
If you own a small business, you probably chose QuickBooks® as your company’s accounting software. After all, it’s the market leader in small business accounting software. While it’s intuitive in some places, there is a learning curve that everyone must go through in order to use the software properly. There are also places where you […]