What is the difference between tax deductions and tax credits?
Tax deductions and tax credits have one thing in common. They offer you a benefit. It is essential to differentiate between the two so that you ensure…
RCN CPAs & Business Advisors Learning Center
Explore a wide range of educational articles and guides designed to help individuals and businesses make informed financial decisions with confidence.
How the Right Accounting Practices Can Drive Business Growth
Each year, progressive business owners take steps to elevate their businesses. This requires strategy, as well as sound decision-making using comprehensive information. The most essential information needed…
3 Steps to Help Your Switch to Virtual Accounting and Bookkeeping
Virtual accounting and bookkeeping are the future for many small businesses. Going virtual opens fantastic possibilities for a small business owner, particularly with access to financial experts…
Four Financial KPIs that Drive Business Growth
As a small business owner, there are different ways that you may measure financial performance. When your expenses are lower at the beginning of your business and…
How much attention should you pay to a budget variance?
A small business owner should take the initial step with financial management to put a budget in place. A budget outlines the plan for managing expenses in…
Seven Accounting Terms that Every Small Business Owner Should Know
As a small business owner, you probably feel like a jack of all trades when you start your venture. You are in every department – whether it…
What Type of Bank Account Should You Have as a Small Business?
For many small business owners, the line between business and personal finance is blurry. At the start of the business venture, savings and other forms of personal…
Why Small Business Owners Are Choosing to Outsource Accounting Services
July marks the beginning of the third quarter of the year. It is also when small business owners sense check operations to determine if they are on…
Three Reasons Why Your Small Business Needs a New Accountant
Small business owners are astute when hiring staff. Ideally, staff who generate revenue are worth hiring as they bring in money for their wages. Non- revenue-generating staff…
Five Common Financial Mistakes That Will Affect Your Bottom Line
“The sad thing is many people learn how to manage money after they’ve made a lot of financial mistakes, some that take decades to fix.” Michelle Singletary…
