The Benefits of Professional QuickBooks Support for Small Businesses
Accounting Freedom, Ltd. Blog
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1w ago
QuickBooks is one of the digital building blocks for small businesses across America. With millions of users, ranging from solopreneurs to enterprises with hundreds of locations, QuickBooks for small businesses is one of the most popular financial programs of all ..read more
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Which leadership skills are essential to strategic planning?
Accounting Freedom, Ltd. Blog
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1w ago
To help ensure continued stability and profitability, businesses need to engage in some form of strategic planning. A recent survey by insurance giant Travelers drives home this point. In its 2024 CFO Study: A Travelers Special Report, the insurer surveyed 610 ..read more
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Help ensure your partnership or LLC complies with tax law
Accounting Freedom, Ltd. Blog
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1w ago
When drafting partnership and LLC operating agreements, various tax issues must be addressed. This is also true of multi-member LLCs that are treated as partnerships for tax purposes. Here are some critical issues to include in your agreement so your ..read more
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How to Improve Cash Flow Management with Effective Bookkeeping
Accounting Freedom, Ltd. Blog
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1M ago
Running a business comes with many challenges. Increasing revenue or finding ways to cut costs are important goals in a successful small business, but cash flow management is an aspect that can get overlooked. If the timing of your cash ..read more
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Understanding Wisconsin’s Tax Regulations: A Guide for Small Businesses
Accounting Freedom, Ltd. Blog
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1M ago
Thinking about starting a new business in Wisconsin, or expanding your operations to the Badger State? Wisconsin's unique geographic location offers prime opportunities for new customers throughout the Midwest, with proximity to Canada and major metros like Chicago and Minneapolis ..read more
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Top Accounting Tips for Illinois’ Construction Industry
Accounting Freedom, Ltd. Blog
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2M ago
All businesses require accounting systems tailored to their industries and other attributes, and the construction industry is no exception. Financial management for construction companies requires extra steps in compliance, accounting standards, tax laws, and more. Here are our expert accounting ..read more
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How to Prepare for a Business Audit: Accounting Best Practices
Accounting Freedom, Ltd. Blog
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2M ago
The term "tax audit" usually refers to a government examination of specific items, divisions, or years when errors or fraud are suspected. On the other hand, a business audit involves an unbiased assessment by a third-party auditor of an organization's ..read more
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If your business has co-owners, you probably need a buy-sell agreement
Accounting Freedom, Ltd. Blog
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2M ago
Are you buying a business that will have one or more co-owners? Or do you already own one fitting that description? If so, consider installing a buy-sell agreement. A well-drafted agreement can do these valuable things: Transform your business ownership ..read more
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Strategic planning for businesses needs to include innovation
Accounting Freedom, Ltd. Blog
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2M ago
When the leadership teams of many companies engage in strategic planning, they may be inclined to play it safe. And that’s understandable; sticking to strengths and slow, measured growth are often safe pathways to success. But substantial growth — and ..read more
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Closing a business involves a number of tax responsibilities
Accounting Freedom, Ltd. Blog
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2M ago
While many facets of the economy have improved this year, the rising cost of living and other economic factors have caused many businesses to close their doors. If this is your situation, we can help you, including taking care of ..read more
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