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MCDA Daily
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What Small Businesses Get Wrong About W-2s and 1099s
For small business owners, few administrative decisions carry as much long-term impact as how you classify the people who work for you....
MCDA CCG, Inc.
Is Your Accounts Payable Process Hurting Your Vendor Relationships?
Your business depends on strong vendor relationships—whether it's suppliers, contractors, or service providers, these partnerships play a...
MCDA CCG, Inc.
What to Look for When Hiring a Virtual CFO
For many growing businesses, the financial expertise of a Chief Financial Officer (CFO) can be transformative—but not every company is...
MCDA CCG, Inc.
What Small Businesses Get Wrong About W-2s and 1099s
For small business owners, few administrative decisions carry as much long-term impact as how you classify the people who work for you....
13 hours ago3 min read
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Common IRS Red Flags: How to Avoid a Business Tax Audit
Tax season is rarely a favorite time for business owners, and one of the primary concerns—aside from paying what’s owed—is avoiding an...
7 days ago3 min read
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Why DIY Bookkeeping Is Costing You More Than You Think
As small businesses strive to cut expenses and maintain lean operations, many owners turn to do-it-yourself (DIY) bookkeeping as a way to...
Jun 123 min read
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5 Red Flags in Your Financial Statements You Shouldn’t Ignore
Reading your company’s financial statements might not be the most thrilling task—but overlooking the numbers can cost you. Financial...
Jun 113 min read
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Bookkeeping vs. Accounting: What’s the Difference — and Why It Matters
When you're running a business, especially a small one, terms like bookkeeping  and accounting  often get used interchangeably. But while...
Jun 102 min read
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Understanding Profit Margins: Are You Charging Enough?
For many business owners and entrepreneurs, one of the most critical questions—and challenges—is whether their pricing strategy truly...
Jun 53 min read
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Saving on Taxes: Essential Tips for Small Businesses
As a small business owner, one of the most important aspects of managing your company is ensuring you’re on top of your tax...
May 264 min read
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Why Accurate Financial Reporting Matters (More Than You Think)
In business, clarity is power — and nowhere is that more evident than in financial reporting. While many see financial statements as...
May 163 min read
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Common Bookkeeping Mistakes and How to Avoid Them
Effective bookkeeping is the backbone of any successful business. However, even seasoned entrepreneurs can fall into common traps that...
Apr 233 min read
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When and How to Hire a Fractional CFO
For many small and mid-sized businesses, the idea of hiring a full-time Chief Financial Officer (CFO) can feel like a distant...
Apr 183 min read
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Why Manufacturing Accounting is Different—and Why It Matters
In the world of manufacturing, managing finances is not as simple as balancing the books. With fluctuating costs, shifting supply chains,...
Apr 144 min read
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The Ultimate Guide to Cash Flow Mastery: Keeping Your Business Thriving
Cash flow is the lifeblood of any business. It doesn't matter how great your product is, how strong your brand is, or how talented your...
Mar 284 min read
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Financial Planning for Startups: Key Considerations
Starting a business is an exciting yet challenging journey, and one of the most important aspects to ensure success is effective...
Mar 255 min read
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Building Credit for Your Business: Why It Matters and How to Improve It
As an entrepreneur, building strong business credit is one of the most important aspects of long-term financial success. It influences...
Mar 245 min read
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How to Prepare Your Business for an Economic Downturn: Financial Strategies That Work
Economic downturns are inevitable—often arriving without warning, leaving businesses scrambling to adapt. Whether it’s triggered by a...
Feb 285 min read
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How to Handle Taxation and Legal Responsibilities as a Business Owner
As a business owner, navigating the complex world of taxation and legal obligations can be one of the most challenging aspects of running...
Feb 214 min read
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How Outsourcing Your Accounting Department Can Save You Time and Money
In today's fast-paced business environment, companies of all sizes are looking for ways to streamline operations and optimize costs. One...
Feb 204 min read
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How to Conduct a SWOT Analysis for Your Business: A Step-by-Step Guide
A SWOT analysis is one of the simplest and most effective tools for evaluating your business's current position and planning for the...
Feb 54 min read
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Payroll Best Practices for Small Businesses: Tips to Streamline Operations and Maximize Accuracy
Payroll management is a critical function for small businesses, and handling it effectively can directly impact employee satisfaction,...
Jan 314 min read
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Managing Business Expenses: Fixed vs. Variable Costs for Maximum Profit
Understanding how to manage expenses is crucial for optimizing profitability and ensuring long-term success in any business. Two key...
Jan 303 min read
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