Based in Lawrenceville, GA — Serving Clients Virtually Nationwide
46 articles on accounting.
Keep Your Business Steady with MSM Advisors in 2025 – As small businesses head into 2025, they face a landscape marked by economic shifts, evolving tax laws, and rapid technological advancements. Staying on course amid constant change can feel overwhelming, but with MSM Advisors by your side,
December 17, 2024 · 2 min read
If I Had Only Had a "Tax Counselor" to Help Me Avoid This Big Tax Hit Next Year! How a Tax Counselor Can Help You Avoid a Big Tax Hit Next Year – Imagine this scenario: you’re a small business owner wrapping up a successful year, but just when you’re celebrating your growth, you get […]
September 10, 2024 · 2 min read
MSM Advisors stands apart not just for its comprehensive tax services but also for its dedication to offering year-round support tailored to the unique needs of each business.
March 6, 2024 · 3 min read
It’s time to give your CPA or tax accountant the information for this year’s tax filing. You can already feel the pressure and tension creeping in and overshadowing the joy of the holiday season. Instead of worrying, use this simple checklist that outlines what your tax accountant or CPA needs.
December 4, 2023 · 3 min read
Attention, Small Business Owners! There's an important announcement you should be aware of. New Reporting Requirement for Beneficial Ownership Information
November 8, 2023 · 3 min read
At MSM Advisors, we bring vision, strategy, solutions, and momentum to your growing business. Accounting Services: Let us Support Your Business.
October 27, 2020 · 2 min read
A well-balanced, well-managed financial plan isn't just helpful, but essential for a less stressful lifestyle. Financial Support That Grows with Your Business with MSM Advisors.
September 15, 2020 · 2 min read
Michael Moffitt has over 40 years of experience in public accounting. After spending years in private industry and seeing the need small businesses had for help in guiding their companies to growth and sustainability, Mike opened MSM Advisors in 1991. Through the years Michael Moffitt has worked wit
May 26, 2020 · 2 min read
Getting to know our team. MSM Advisors Business Accountants and Virtual CFOs wouldn’t be what it is without Angie Flood and we love having her on the team!
April 22, 2020 · 1 min read
Listen to how Dan of Copper Electric, Inc. was able to achieve peace of mind regarding the state of his business finances.
December 31, 2019 · 2 min read
Building a Business? We're here to Help. At MSM Advisors, our team will ensure that your current and future strategies keep your company in great financial shape.
October 28, 2019 · 2 min read
A successful succession plan is the key for businesses that want to continue moving forward. What is succession planning? Get started with MSM Advisors today!
February 19, 2019 · 2 min read
Your business is growing and you expect this growth to continue into the future. This means your finances and accounting is becoming more complex. There are only so many resources to go around and hiring a finance team may not be in the fiscal plan. It is time to consider hiring a Virtual Controller
January 16, 2019 · 2 min read
Seeking out a Venture Capitalists may be the right choice for your business. Our team of finance professionals can help you decide. Consider all the positives and negatives before entering into this type of investor.
December 11, 2018 · 2 min read
Virtual CFO Operations: Corporate Acquisition – When you don’t employ an in-house CFO, MSM Advisors is here to offer expert advice through an experienced Virtual CFO.
November 16, 2018 · 2 min read
Here is one area in which a virtual CFO can accommodate your financial needs: Debt Elimination: Debt is a symptom, not a cause of the problem.
September 28, 2018 · 2 min read
We are so excited to have a consulting relationship with the Ambactus Group. Virtual Accounting Firm Success Story: Ambactus Group
August 28, 2018 · 3 min read
Here are five steps that business owners can take to separate their personal and business finances, building a better and more efficient business.
April 11, 2017 · 3 min read
This article will help you understand how the right accountant could be the key to growth that your business needs.
February 22, 2017 · 3 min read
To help you get started setting your own goals, here are top ten goal setting mistakes you should avoid.
November 17, 2016 · 3 min read
Regardless of which market your business is in, choosing the right key performance indicators (KPI's) is the first step to improvement. KPI's are quantifiable measurements that help assess the success, or lack thereof, of a task performed by your company. They are used to evaluate overall performanc
November 9, 2016 · 3 min read
As the owner of a business, the size of your paycheck is up to your own discretion. Setting and scaling your salary to facilitate healthy business growth and a healthy lifestyle is an art and a science. Your salary should be determined by many factors including: the amount you need in order to cover
November 2, 2016 · 3 min read
Running a business is extremely time consuming. With so many tasks demanding your attention, it's easy to get lost in the day to day and lose site of the big picture. But setting aside the time to set your financial goals is imperative to success. This post will outline some ways to help you create
October 26, 2016 · 2 min read
An income statement or a profit and loss statement, reports the changes in income and expenses over a period of time, usually monthly, quarterly or yearly. This financial statement is important because it shows the profitability of your business. This post will help you understand the two different
October 24, 2016 · 2 min read
This post will break down expenses that are commonly mistaken as personal expenses, but are actually tax deductible business expenses. Making sure you properly keep track of your business expenses can save you thousands of dollars on taxes. Get organized First you should choose an expense-tracking t
October 17, 2016 · 3 min read
When it comes to making smart business decisions, using analytics and metrics to guide you will ultimately lead to the best results. In this blog, we will discuss some ways you can use your financial tools to create smart, data-driven decisions. Balance Sheets Detailed and accurate record keeping is
October 14, 2016 · 2 min read
Budgeting is an important part of reaching your financial goals, and a powerful tool for any business owner. A budget is used to regulate how quickly and in what ways your money is being used. Using this tool helps maintain short and long term financial plans, which allows you to control your cash f
October 6, 2016 · 2 min read
Managing money isn’t usually what draws people toward becoming entrepreneurs, but it’s a big part of the game. While learning all the ins and outs of cash flow can be a major time investment, lack of knowledge about managing cash flows is one of the top reasons why many startups fail. Why is Cash Fl
October 4, 2016 · 4 min read
Starting your small business can be stressful and overwhelming. These 6 books will help you make sense of your numbers and give you a guide to running your own business. Simple Numbers, Straight Talk. Big Profits! by Greg Crabtree Need help making sense of your numbers? Greg Crabtree applies years o
June 22, 2016 · 3 min read
No one wants to be at the mercy of their accountant, stumbling through financial jargon they barely remember from years at undergrad, but with the title of CPA comes a knowledge of balance sheets and financial statements few of us will ever fully understand. Here are a few things your accountant wil
June 16, 2016 · 2 min read
![[Video] Emergency Funds: Are You Prepared?](/_next/image/?url=%2Fblog%2Femergency-funds-are-you-prepared.png&w=3840&q=75&dpl=dpl_6uVmEJPj8vHN5jJRDvDpgoiGZxgR)
Are you prepared for an unexpected cost? Life has many unpredictable costs that arise, and you should be prepared to pay these without going into debt. Check out our video below on the importance of an emergency fund as well as our blog on emergency funds for more detailed information: Ready to take
April 19, 2016 · 1 min read
![[Video] What are the Benefits of Outsourcing Payroll?](/_next/image/?url=%2Fblog%2Fvideo-what-are-the-benefits-of-outsourcing-payroll.jpg&w=3840&q=75&dpl=dpl_6uVmEJPj8vHN5jJRDvDpgoiGZxgR)
The IRS has shut down many small businesses due to payroll oversights. When a third party handles payroll, the business eliminates the liability involved with payroll issues. Check out our video below on outsourcing payroll:
March 18, 2016 · 1 min read
![[Video] How Does a Small Business Get Started with Creating Financial Statements?](/_next/image/?url=%2Fblog%2Fvideo-how-does-a-small-business-get-started-with-creating-financial-statements.jpg&w=3840&q=75&dpl=dpl_6uVmEJPj8vHN5jJRDvDpgoiGZxgR)
Small business owners often do not understand their financial statements. Owners and advisors need to be on the same page regarding what the numbers mean and their implications for moving forward. Check out our video on financial statements below:
March 8, 2016 · 1 min read
![[Video] Spotting Trends in the Marketplace](/_next/image/?url=%2Fblog%2Fspotting-trends-in-the-marketplace.jpg&w=3840&q=75&dpl=dpl_6uVmEJPj8vHN5jJRDvDpgoiGZxgR)
Small businesses often do not have the resources or experience to recognize upcoming trends and patterns. Trusted advisors specialize in spotting these changes in the marketplace and adapting your small business to the new environment: A trusted advisor has worked with many clients and knows the vit
February 24, 2016 · 1 min read
Effective budgeting is a struggle that nearly everyone has dealt with at one time or another. Whether on a business level or a personal level, it is practically unavoidable. These five free online tools can help you gain insight into your financials that goes beyond just numbers. 1. Mint Mint is a w
February 2, 2016 · 2 min read
While tax season may not be here yet, we still hope you are prepared for it. Tax season can be overwhelming, but it doesn't have to be with the right systems in place. What do we recommend? Xero accounting software. While QuickBooks may "get the job done," Xero cloud accounting software goes above a
November 3, 2015 · 2 min read
You can never expect reach your financial goals without first developing a plan for your spending and saving. Fortunately, there are a few simple steps to help you start a budget. Many business owners (and individuals alike) can't keep their finances in order simply because they don't know where the
September 30, 2015 · 2 min read
Cloud accounting is all about convenience. The right tool can take a complicated task and make it simple. From everything between real-time communication with your accountant to sending invoices with the push of a button, Xero is by far the best all-in-one cloud accounting program on the market. Her
September 18, 2015 · 3 min read
I thought I'd take some time to show how Xero's browser interface works alongside the mobile app Xero Touch, but Xero recently released this animated video that explains in in a nice, succinct way. The app is certainly a pared-down version of the web app, but Xero Touch has plenty of merit. It gives
August 19, 2015 · 1 min read
It's only natural that as we get older, our needs and wants become progressively larger and more expensive. Whether you're ten years old and saving pennies for a new toy, getting a summer job to pay for a car as a young adult or, later, your dream home, the rules for setting budgeting goals are […]
August 5, 2015 · 4 min read
There are myriad ways a business can fail: Maybe an entrepreneur didn't understand his or her customers well enough, there was a breakdown in leadership or there was no set plan for the future. And while all these setbacks are viable threats to a startup, the most fatal blow to any small business is
July 22, 2015 · 3 min read
It’s easy to get heads-down into your business, wearing different hats throughout the day and trying to keep it all going. But if you watch just one episode of a show like Shark Tank, you’ll quickly realize that you need to know about your business and not just work in your business. Here are five [
June 18, 2015 · 3 min read
According to an article in the Huffington Post, paper receipts create over 1.5 billion pounds of waste each year in the United States alone. While most of us will never observe the true scale of this waste face-to-face, many of us feel the daily hassle and headache receipts create, often only asking
June 16, 2015 · 2 min read
You have to know your numbers. This advice from the hit TV show Shark Tank is crucial. Whether it’s your budget numbers, your overall accounting numbers, or your payroll numbers, knowing what you have to work with is important for making smart business decisions and keeping your business afloat. So,
June 1, 2015 · 1 min read
Chances are you’ve heard of the digital currency bitcoin already. Invented by someone under the name Satoshi Nakamoto, Bitcoin is creating a ripple in the way business transactions have always been made. The first thing you need to know about bitcoin is that no one controls it. With bitcoin, buyers
May 26, 2015 · 2 min read
Many employers are now outsourcing their payroll and related tax duties to third-party payroll service providers. These providers help assure filing deadlines and deposit requirements are met, while streamlining business operations. Payroll service providers help businesses administer payroll and em
March 31, 2015 · 2 min read
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