Understanding the Difference Between Bookkeeping and Accounting
When it comes to managing your business’s finances, understanding the roles of bookkeeping and accounting can help you make better decisions for growth and compliance. While bookkeeping and accounting are closely related and often overlap, they have distinct purposes that are essential to a company’s financial health. In this article, we’ll break down the differences between these two functions, [...]
Why Professional Bookkeeping is Essential for Business Growth
Professional bookkeeping is one of the most important pillars of business growth. It provides a detailed and accurate record of your financial transactions, offering insights into your company’s cash flow, expenses, and profits. Having organized and accurate financial records is not only crucial for day-to-day operations but also for making informed strategic decisions that foster growth. Whether you are [...]
The Advantages of Having a CPA Manage Your Business Tax Returns
Navigating the complexities of business tax returns can be daunting for any business owner. With ever-changing tax laws and regulations, ensuring compliance while maximizing deductions requires both expertise and meticulous attention to detail. This is where a Certified Public Accountant (CPA) like Sharon M. Gum comes in. By having a CPA manage your business tax returns, you gain access [...]
How Payroll Services Can Save Your Business Time and Money
Managing payroll is a critical but often time-consuming task for any business. It involves more than just paying employees; it requires handling tax withholdings, ensuring compliance with state and federal regulations, and keeping accurate records. For many business owners, managing payroll in-house can become overwhelming, especially as their business grows. That's where professional payroll services come in. Sharon M. [...]
How to Make the Most of Your Accountant’s Expertise
As a business owner or individual, leveraging the full range of services offered by your accountant can significantly impact your financial health and success. At Sharon M. Gum, CPA, we believe in providing more than just basic accounting services; we aim to be your strategic partner in financial planning and management. Here are some key ways to make the [...]