Bookkeeping Tips

Financial Accounting Standards Board (FASB) Releases Critical GAAP Updates

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Complying with generally accepting accounting principles (GAAP) is becoming increasingly challenging for private entities. But this year, the Financial Accounting Standards Board (FASB) has released two updates that allow alternative reporting methods in cases involving goodwill following a merger and interest rate swaps. Mergers and Acquisitions: How to Account for Goodwill During the acquisition of […]

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Five Monthly Business Expenses that Might be Hurting Your Cash Flow

Leave a Comment / Bookkeeping Tips, Business Planning /

As a business owner, it is critical to keep an eye on your monthly expenses because they can have a huge negative impact on profitability over time. Meeting with your accountant is a great way to keep an eye on your monthly expenses but you can also look at your bank, credit card, and merchant

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Expense Tracking Tips for Small Businesses

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One of the keys to the success of any startup or small business is accurate record keeping. If you do not know where your money is going, it will be very difficult to keep the books in balance and ensure profitability. In addition, you must make sure that you are receiving all the deductions you

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Five Money Mistakes You can Avoid

Leave a Comment / Banking, Bookkeeping Tips, Money & Finances, Personal Finances /

When it comes to household budgeting, it’s sometimes easy to know where to cut corners; you can buy larger boxes of cereal or snacks and separate it into smaller single serving sizes and the cost per ounce will be less expensive than buying pre-packaged single servings or check out store brand products over name brands,

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Small Business Accounting Basics

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When it comes to accounting and bookkeeping, for many people it appears a complicated, daunting task. The bottom line though, is that accounting is the way in which you track income and expenses so that you know whether your business is making or losing money. While there are no “one size fits all” method of

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What Does It Cost To Start A New Business?

Leave a Comment / Bookkeeping Tips, Business Plan, Entrepreneur Tips, Money & Finances, Tips for Small Business Owners /

You may have the entrepreneurial drive but do you have the start-up cash needed to get your new business from idea to reality? The accountants at BASC Expertise offer this information on how to make an informed decision on what your start-up costs could potentially be. Naturally, these will vary depending on whether you’re working

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Why You Should Consider Outsourcing Your Payroll

Leave a Comment / 1099 Filing, Banking, Bookkeeping Tips, Payroll /

Payroll outsourcing, many entrepreneurs find, is a bottom-line money-saver; the main reason for this is the myriad rules, regulations and filing deadlines that are associated with payroll functions and the time it takes to learn, understand and apply them. The outsourcing of payroll will also save the business owner both time and money and both

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Five Tips To Find An Accountant

Leave a Comment / 1099 Filing, Bookkeeping Tips, Money & Finances /

Finding someone to take care of your finances – whether business or personal or both – isn’t a task to be taken lightly. You don’t want to run your finger down the Yellow Pages or pick the first accountant you find in a Google search. When looking for an Arizona accountant, the first place to begin your search should be with a trusted friend or business colleague.

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10 Questions to Consider as a New Business Owner

2 Comments / Bookkeeping Tips, Entrepreneur Tips, Taxes, Tips for Small Business Owners /

As a small business owner I understand the number of questions that need to be considered before deciding to be a business owner. There is a great amount of liability and also a great amount of reward being your own boss. Many Americans who have been laid off are considering opening small businesses, creating opportunity from an otherwise dismal outlook. We offer the following ten questions to consider as a new business owner:

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What sets BASC Expertise apart from the competition?

8 Comments / Bookkeeping Tips, Entrepreneur Tips, Mission Statement, Taxes, Tips for Small Business Owners /

As a small business in a tough economy we understand the need for us to set ourselves apart from similar businesses. Providing high quality customer service to our clients is always our priority. As a small business owner we understand the value of prompt and accurate service and pass that along to our clients…and we

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