Financial Management Tips for Healthcare Practices: A Comprehensive Guide Running a successful healthcare practice requires more than just excellent patient care—it demands strategic financial management. From optimizing cash flow to ensuring tax compliance, healthcare providers must navigate complex financial challenges to maintain profitability and sustainability. In this comprehensive guide, we’ll explore the best financial management practices for healthcare practices, […]
How to Improve Cash Flow in 30 Days: A Step-by-Step Guide for Small Businesses Cash flow problems sink more businesses than lack of profit. In fact, 82% of small businesses fail due to poor cash flow management (Visual Capitalist). The good news? You can turn things around fast—in just 30 days—with the right strategies. At Spyglass Accounting & […]
5 Costly Accounting Mistakes That Could Sink Your Business (And How to Avoid Them) Running a small business is tough enough without financial errors draining your profits. Many entrepreneurs believe they can handle their own bookkeeping—until costly accounting mistakes catch up with them. At Spyglass Accounting & Financial Services, we’ve seen businesses lose thousands (even face […]
Top 20 Excel Formulas for Accountants Excel Formulae from Basic to Advanced In the ever-evolving world of accounting, Microsoft Excel remains one of the most powerful tools used by professionals across all industries. With its extensive range of functions, Excel allows accountants to simplify complex tasks, automate calculations, analyze financial data, and generate reports with […]
Cash Flow Forecasting Like a CFO: A Comprehensive Guide Introduction to Cash Flow Forecasting Why It’s the Backbone of Financial Health What separates struggling businesses from thriving ones? Often, it’s how well they manage cash. Cash flow forecasting isn’t just an accounting exercise—it’s the lifeline of your business’s financial stability. Without a clear picture of […]
Tax Amnesty Explained: A Complete Guide to US Programs, Benefits & Risks Introduction: What Is Tax Amnesty? Imagine getting a second chance to fix past tax mistakes without crippling penalties. That’s exactly what tax amnesty offers—a limited-time opportunity for taxpayers to settle unpaid taxes, often with reduced fines or waived penalties. But is it too good to be true? In this guide, we’ll […]
Tax Filing Extension: A Lifesaver for Small Business Owners and Individuals As the tax deadline approaches each year, many individuals and small business owners find themselves rushing to organize financial documents and meet IRS deadlines. If you’re not fully prepared, don’t panic. A Tax Filing Extension could be your solution—and this blog will explain exactly […]
The AI Accounting Revolution: What ChatGPT Can’t Do For Your Business Finances The ai accounting revolution is buzzing. ChatGPT can draft emails in seconds, and new tools promise to automate everything from bookkeeping to tax prep. But here’s the truth: AI alone won’t save your business from financial chaos. While AI is transforming accounting, it […]
The Dirty Secret of Tax Write-Offs: What Your Accountant Isn’t Telling You Tax Write-Offs Can Be a Lifeline—Or a Landmine Every small business owner loves tax write-offs—but what if your deductions are actually setting off IRS alarms? According to the IRS, over $30 billion in business tax write-offs were disallowed last year due to improper […]
Why Most Small Businesses Fail After 5 Years (Hint: It’s Not Revenue) Here’s a brutal truth:According to a U.S. Bank study, 82% of small businesses fail because of cash flow problems, not because they aren’t generating revenue. Yes, you read that right.Even with strong sales numbers, poor financial management—especially bad accounting practices—can silently drain your […]
