Many of our small business clients have converted their financial records to the Cloud. In days past, small businesses maintained their financial records in-house requiring the owner to commit their time or hire a full-time employee to maintain the records. We believe migrating to QuickBooks Online (QBO) from QuickBooks Desktop provides small business owners numerous benefits and greater flexibility.
Bennett Thrasher LLP, one of the nation’s top 100 full-service public accounting and consulting firms, is pleased to announce it has been named Georgia Restaurant Association’s Industry Partner of the Year for its commitment to serving the restaurant industry.
What is recurring revenue? It’s the revenue you can depend on generating, year after year, with a high degree of certainty. It’s the repeat business or long-term contracts you’ve established with clients who know and trust your business.
ASC 606, the long awaited and much debated new accounting standard for revenue recognition in the United States has now become reality for most public companies. Adoption of this new standard was required for calendar-year public companies effective January 1, 2018, and the results of adoption have now become public with the earnings releases and 10-Q filings for the first quarter ending March 31, 2018.
For many small business owners, the offer of low payment fees is a very attractive proposition. Bitcoin – a digital currency that allows low-cost peer to peer payments – offers an interesting alternative to traditional payment methods.
Although most entrepreneurs recognize the importance of careful financial management, few want to spend their time dealing with numbers. Unfortunately, not keeping a close eye on your income and expenses can be very costly for your business.
The recent statistics on employee theft is shocking. According to one US source, 75% of employees admit to having stolen at least once from their employer—and employee theft costs a company on average 7% of their annual revenues each year.
This week is International Fraud Awareness Week. If you’ve ever taken an accounting or finance class chances are you’ve probably heard of Crazy Eddie. Crazy Eddie is a fraud case study that has been taught to aspiring accountants for decades
On May 16th, 2014, business owners will gather at the Cobb Galleria Centre for a full day of learning, networking, practical discussions, and fun. The conference, “Small Business Matters,” will feature 12 speakers sharing their expertise on leadership, marketing, entrepreneurship, and life skills.
Many practitioners are familiar with the benefit of using disregarded entities (DEs) or Single Member Limited Liability Companies (SMLLCs) in structuring merger & acquisition transactions. However, advisors should also consider the advantages of using F-reorganizations to solve certain problems that can be encountered when forming a SMLLC.
Atlanta and the Southeast have seen significant expansion of commercial and residential construction over the past year. These construction projects are a very positive sign that we, as a community, are recovering from the recent recession. This means new jobs, innovation and expansion of businesses into our area.