Virtual CFO Services for Small Businesses: 2025 Compliance Calendar
The Chamber of Commerce reports that approximately 65-70% of small businesses in the U.S. fail within 10 years of commencing operations. More than 50% do not survive past five years. Each year, roughly 20% of new small businesses close. What are some major contributors to these statistics? While overall economic conditions, competitiveness, and other factors […]
Outsourced Accountant ROI: Are You Missing Out on Easy Profit?
There are several hidden resources in plain sight; a small business or start-up does not have to go above and beyond to find reliable and proficient resources to build value for its clients and scale to its full potential. A significant part of an entrepreneur’s day involves connecting with their clients to solve problems more […]
The 7 Stages of Venture Capital Funding & the Role of an Accountant
The start-up and venture capital environment in the US is thriving and resilient, driven by its high-growth sectors: AI, clean tech, biotech, and fintech. Silicon Valley continues to hold its reputation as the hub of the start-up environment, boasting unmatched access to capital, talent, and accelerators. Considering the need for a change in pace for […]
Hiring A New State Employee
Hiring a new state employee in the U.S. is more than just posting a job ad and conducting interviews. It’s a legal and strategic process involving compliance, documentation, and long-term planning—especially if you’re operating across multiple states. Whether you’re a startup founder, a small business owner, or expanding your team into new states, this guide […]
Automate Your Accounts Receivable: A Review and Comparison of AR Software Solutions
Businesses in the U.S. spend up to 10 hours a week per finance employee managing accounts receivable manually, yet still lose an average of 1.5% of revenue to late or missed payments. In today’s dynamic & demanding market, those numbers aren’t just inconvenient; they’re simply unsustainable. In this article, we’ll explain what AR automation is, […]
Why Real-Time Reporting & Accounting is Important for Business
Staying ahead of the curve is crucial in today’s fast-paced business environment. One of the most effective ways to achieve this is through real-time reporting and accounting. These tools provide immediate insights into your financial health, enabling you to make informed decisions quickly. In this article, we’ll dive into real-time reporting and accounting benefits, how […]
Outsourced Accounting: Cost, Control & Data Security
Outsourcing accounting and bookkeeping needs is no longer a foreign or rare concept; it is rather a standard practice across the United States. What then keeps small and medium-sized companies of America skeptical about outsourcing? Let’s address that with practical and realistic solutions. Here are a few interesting numbers indicating that Outsourcing is now the […]
What is an Accounting Period and Its Types?
A clear understanding of the accounting period is essential for every business owner, entrepreneur, or freelancer operating in today’s fast-paced environment. Whether aligning with your internal goals—like monthly cash flow tracking—or reporting externally on a fiscal or calendar year, your chosen accounting period directly impacts strategic insights, tax planning, and investor trust. In this updated […]
Section 1031 Exchange: A Smart Wealth-Building Strategy
Anyone with a basic understanding of investing or accounting for real estate is likely familiar with 1031 Exchange Accounting. Here’s ProfitJets breaking it down for you so you can capitalize on a Section 1031 exchange and understand its implications in a real-world scenario. What is a 1031 exchange? In the US, when real estate investors […]
What is Accounts Receivable Factoring? How Does It Work?
Managing cash flow effectively is critical for sustained growth and profitability in today’s competitive business environment. Accounts receivable factoring, AKA invoice factoring, enables companies to leverage the value of unpaid invoices. This comprehensive guide shows the intricacies of accounts receivable factoring, empowering companies and financial professionals with a clear understanding of its functionality and potential […]
