CPA Blog | Liguori Accounting

Benefits of Outsourcing the Payroll Processing Function

March 1, 2023

Here are some of the benefits of outsourcing payroll: 1. Increased accuracy and compliance Outsourcing payroll to a specialized provider ensures accuracy in processing paychecks and taxes. Payroll providers have experts who keep up with changing tax laws and regulations and can ensure compliance with government requirements. By outsourcing payroll, businesses can avoid […]

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Accounting/BookkeepingLiguori Blog, Outsourced Accounting, Payroll

7 Tips on How to Adjust for Inflation

February 15, 2023

1. Study your data Your numbers are always helpful, but in times of rapid inflation, you’ll be especially thankful that you keep a nice, clean set of books. Analyze your data to learn what products and services make you the most money, which ones cost the most to offer, and identify where you can save.

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CFO Consultinginflation, Liguori Blog, small business

What is a fractional CFO?

February 1, 2023

Navigating Challenges Small businesses and startups typically have a streamlined staff, which keeps costs down and allows the business owner to focus on healthy growth. But sometimes, a financial challenge comes up that is beyond the skill or experience level of those on the team. This is where a fractional CFO can be of great

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CFO Consultingfractional cfo, Liguori Blog, small business

Setting business financial goals for 2023

January 18, 2023

You’ve got to see where you’re coming from to know where you can realistically go. At year’s end, review the business financial goals you set last year and use your numbers to see how you measured up. Whether or not you met your goals, that information is valuable. What circumstances enabled you to meet your

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CFO ConsultingAccounting, Business Goals 2023, Business owners, Liguori Blog

Bookkeeping & Accounting Tips for Small Business: 5 Things to Avoid

December 21, 2022

From day one, business owners should have a separate bank account in which to deposit their income and pay their business expenses. It’s also crucial to designate a business-only credit card. Come tax time, separate statements will make submitting claimable expenses quick and easy, while reducing the risk of a painful audit. Letting accounts receivable

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Accounting/BookkeepingAccounting, bookkeeping, Liguori Blog, small business

3 Reasons to Prioritize Bookkeeping

December 7, 2022

You can only make informed decisions about your business when you have a full picture of your current financial situation. That means knowing how much money is in your accounts, what your cash flow forecast predicts, and how much money you owe. Without that information, it’s much more difficult to know when you can afford

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Accounting/BookkeepingAccounting, bookkeeping, Liguori Blog, Outsourced accounting & bookkeeping, small business

How “Virtual CFO” Services Can Help You Grow Your Business

November 30, 2022

Here’s why your small business might want to consider the benefits of working with a virtual CFO. High level decision making A virtual CFO can analyze your company finances and provide expert advice to help you make more informed, strategic decisions for ongoing profitability. That senior level financial oversight can help you understand any risks or

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CFO ConsultingAccounting, Liguori Blog, small business, Virtual CFO Services

Your Small Business Tax Preparation Checklist for 2022

November 16, 2022

The following is meant to be a general list for business owners to reference. Not all items on this list will apply to your specific situation. Your accountant will provide you with guidance on the items needed for your business return. 1. Your books Making sure your business books are reconciled and up to date

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TaxLiguori Blog, small business tax prep checklist, TAX