Forecasting - Everything You Need to Know

At its core, forecasting predicts the future. Though some forecasts seem entirely fictional, the best business forecasts base projections on historical data and sound assumptions. Leave the creativity to the art majors, not your numbers.

Learn why this is important to your company, how to do it, and what factors could impact your actual bottom line. Armed with this knowledge, you'll be better prepared for more accurate forecasting as time goes on.

Read More
Cost of Debt Formula: What It Is, Why It Matters, and How to Calculate It

At its core, forecasting predicts the future. Though some forecasts seem entirely fictional, the best business forecasts base projections on historical data and sound assumptions. Leave the creativity to the art majors, not your numbers.

Learn why this is important to your company, how to do it, and what factors could impact your actual bottom line. Armed with this knowledge, you'll be better prepared for more accurate forecasting as time goes on.

Read More
Financial Reporting: What It Is and What You Need to Know

"Financial reporting" is one of those catchall phrases so generic it's almost meaningless. But the financial reports within that umbrella actually mean a lot to your business. Business owners and managers don't necessarily need to know how to generate the reports, but you should know how to read them. Learn more about financial reporting in general and financial reports that might benefit your company.

Read More
Outsourced CFO: Why You Should Consider an Outsourced CFO

Scaling a business is a herculean task. You need to hire talent, build a great product, and sell it. Along the way you need to develop the infrastructure to scale and grow your business. A CFO is key to that process, but you can't afford one. An outsourced CFO can help you get your business to the next level without breaking the bank. Here are a few reasons why an outsourced CFO is right for your business.

Read More
About Form 8846 | Honest Buck Accoutning

You can file Form 8846 if you meet two requirements. These requirements are:

  1. Your employees earned tips from customers for their service and/or delivery work at your food/beverage establishment where tipping is customary.

  2. You must pay employer Social Security and Medicare taxes on those tips.

Read More
Rachelle CalinaComment
Implementing Internal Accounting Controls in Restaurants | Honest Buck Accounting

Have you ever thought about Internal Accounting Controls? Your accountant may only be paying attention to the numbers. This can be very costly. Smart thieves can drain your accounts. They can take profits away from the business even though a CPA may be auditing the books. They will do things you never thought of. Every company's goal is to turn profits. To do that, you must get your cash management under control.

Read More
Rachelle CalinaComment
What Is Form 8027?

Hospitality is one industry where many employees earn the majority of their wages through tips. If you operate such a business, you will need to withhold taxes for your employees for the tips that they earn. This is in addition to what you withhold from their salary or hourly pay. Form 8027 is what you'll use to report the tips employees earn.

Read More
Rachelle CalinaComment
A Comprehensive Guide to Form 4137

Workers who receive tips through their job must use Form 4137 as a means of reporting their earnings. We realize how confusing tax forms can be so here is a comprehensive guide to Form 4137. We'll cover reporting tips, tip taxation, and everything needed to understand this form.

Read More
Rachelle CalinaComment