Core Financial Outsourcing, Inc.

As you probably already know, profit and loss statements are incredibly valuable But are you comparing them month-by-month? Doing so can help you discover if operating expenses are growing, identify shrinking profits despite rising sales figures, and inform proactive decisions for your business. Core can help you understand your profit and loss statements. Contact us to get started! #ProfitAndLoss #AccountingTips

When it comes to the #economy and #SmallBusinesses, things seem to be looking up. In fact, roughly 8 in 10 small business owners expressed confidence in their business’ financial prospects, with just over half expecting profits to rise over the next six months and only 5% anticipating earnings to fall. Despite this good news, it is still imperative that small business owners take notice and make smart financial decisions. A partnership with Core Financial helps your business with strong financial reporting and outsourced tasks crucial to your success like #bookkeeping, #accounting, and more. Get started now and make the most of upward economic trends! Learn more: https://lnkd.in/gidqTFau

In order to succeed in this turbulent world, your business will need to take a proactive approach to accounting and tax planning. Thankfully, we are here to help you do just that! Thank you for the kind review, Michael. #Testimonial #TaxServices #Accounting #Bookkeeping #BusinessTips

‘Tis the season… tax season, that is. Business owners, take note—here are some tips to help as you sort through your annual reports: 1. Contribute to your employees’ futures: Offering to match a percentage of contributions to your company’s 401(k) plan provides not only a tax deduction, but it will also boost company morale. 2. Section 125 benefit plans: Allow employees to pay medical and dental premiums with pretax dollars from their flexible spending account, and save an average of $115 per participant through decreased payroll and tax liabilities. 3. Deduct business travel expenses: Send your team members where they’re needed without the strain of financial repercussions. 4. Hire Core Financial: We can assist you with any other financial odds and ends you may come across this tax season! Ready to get started? Visit www.coreoutsource.com! #TaxSeason #TaxTips #BusinessTax #BusinessTaxTips #TaxService #TaxHelp

Insights from the football field to the boardroom! 🏈 To celebrate Super Bowl Sunday this weekend, we wanted to share the story of Doug Brien. As a former NFL placekicker and the co-founder of Mynd, he’s translated his football journey into valuable lessons for entrepreneurship. Check out this article where he shares rules from the field that can drive success in business. From blocking out distractions to taking a shot at the bell, these principles resonate on and off the gridiron! https://lnkd.in/e7FTkJ5c #entrepreneurs #superbowl #businessstrategy #consulting

SMBs: Ever feel stuck in a Groundhog Day - of endless financial tasks without real progress? Core Outsource is here to break the cycle. Leave the numbers to us, so you can focus on propelling your business into spring! #GroundhogDay #FinancialFreedom #OutsourcedAccounting

Thinking about using AI like ChatGPT to help with small business accounting? Be careful, for AI lacks the logical reasoning necessary to complete these tasks. In fact, a study by Professor David Wood found it scored below students in accounting accuracy. The bottom line: while ChatGPT can assist, business owners must rely on experts for validation. Check out this Forbes article to learn more about the dangers of utilizing generative AI for financial tasks, and consult with a Core professional to get your accounting done the right way: https://lnkd.in/ekEuH_fQ #AI #GenAI #ChatGPT #Accounting #SmallBusinessAccounting

Is managing cash flow a big challenge for your small business? You’re not alone. This crucial element can make or break small business finances. That’s why it’s important to stay on top of cash flow by analyzing bills and keeping a constant eye on your customers to make sure they’re paying on time. Core’s experts have a breadth of tips and techniques to help your business manage cash flow. Visit www.coreoutsource.com to learn about our wide range of services! #cashflow #smallbusiness #financetips #smb #businessstrategy

If your business hires independent contractors, listen up! The DOL recently released the final ruling on classifying employees and independent contractors to ensure workers are treated fairly to deserved wages and overtime pay. Take note of the new guidelines and make sure you’re staying compliant to avoid fines! https://lnkd.in/epbwgrZF #independentcontractors #employeeclassification #dol

Small business owners: ever feel like you're walking a 𝓉𝒾𝑔𝒽𝓉𝓇𝑜𝓅𝑒 between payroll and profits? Don't worry - we can help! This article explores how to manage payroll burden in an inflationary economy, while still meeting labor demands and ensuring the continued success of your business. Check it out for essential tips and tricks on staying on the high wire amidst rising costs. https://lnkd.in/ekYtD7bQ #payroll #inflation