Time for a Mid-Year Business Check-In A smart mid-year business check-in uncovers cash flow trends, expense surprises, and revenue performance compared to industry benchmarks. Knowing what your books are saying now helps you plan wisely for the rest of the year. June is the perfect halfway mark to stop and listen to your bookkeeping records. […]
What Are Your Books Trying to Tell You? Read More »
Are you profitable but still struggling to pay your bills? Here’s why. Many small business owners experience a confusing situation: their financial statements show healthy profits, yet they find themselves scrambling to make payroll or pay vendors. If this sounds familiar, you’re facing one of the most misunderstood aspects of business finance – the critical
Cash Flow vs Profit – What Every Business Owner Should Understand Read More »
To thrive in today’s fast-paced business world, having accurate, up-to-date bookkeeping is essential—not optional. Bookkeeping services help track income and expenses, monitor cash flow, manage payroll, and ensure tax-readiness year-round. Whether you’re a solo entrepreneur or managing a growing team, leveraging professional bookkeeping means fewer surprises, smarter decisions, and more time to focus on your
Are You Leveraging The Bookkeeping Services Needed to Thrive? Read More »
Updated March 2025 A profit and loss (P&L) statement helps you see if your business is making money or losing it. It’s one of the most important tools a business owner can use to understand performance, spot trends, and plan ahead. Whether you’re a sole proprietor or running a growing company, reading your P&L correctly
What Is a Profit and Loss (P&L) Statement — and Why Does It Matter? Read More »
Financial phishing scams in 2025 are anticipated to be more sophisticated than in 2024. With the emergence of AI for personalized attacks and exploiting vulnerabilities in emerging technologies like cryptocurrency, it’s imperative to stay alert. It is going to become increasingly harder to distinguish cybercriminals from legitimate sources. Cybersecurity threats are evolving faster than ever,
What Should You Watch for in Financial Phishing Scams in 2025? Read More »
2025 IRS mileage rates have been updated across business, medical, and charitable use categories. Understanding these changes can help you maximize your tax deductions and financial planning. Are you ready for 2025? The annual mileage rate adjustments can significantly impact how you track and deduct vehicle expenses. Let’s break down the latest changes that every
Navigating 2025: What’s Changed in Mileage Rates for Taxpayers? Read More »
Updated November 2024 Business charitable giving offers multiple advantages, including tax deductions of up to 25% of taxable income, enhanced brand reputation, and improved employee engagement. Companies can donate cash, assets, or make in-kind contributions while avoiding capital gains tax on appreciated assets. Strategic giving through donor-advised funds and matching programs can maximize both social
How Can Businesses Maximize Their Charitable Giving? Read More »
The landscape of business compliance is changing, and small business owners in Pennsylvania and across the United States need to pay close attention. The Corporate Transparency Act’s Beneficial Ownership Information (BOI) reporting requirement is a game-changing regulation that will impact how businesses disclose ownership information. What is BOI Reporting? The Beneficial Ownership Information (BOI) reporting
Effective financial management is the backbone of any successful business, yet it remains one of the areas most susceptible to errors. This can have dire consequences. Even if these errors stem from simple misunderstandings, the impact on a business’s financial integrity can be significant. Understanding and correcting common bookkeeping mistakes is not only about compliance
Five Bookkeeping Mistakes Business Owners Make Read More »
Managing the financial aspects of a business is a crucial, yet challenging task. While it may seem cost-effective to handle bookkeeping internally, partnering with a professional bookkeeper, such as Ryder & Company, can offer numerous benefits. Here’s why your business should consider professional bookkeeping services over the do-it-yourself approach. The Pros of the Professionals Expertise and
Why Your Business Should Partner with a Professional Bookkeeper Instead of Going DIY Read More »
