Accounting

Figuring out what type of business entity matches your new company’s needs is challenging. Choose wrong, and you could find yourself unable to grow your company the way you want to. Toptal finance expert Scott Hoover, a seasoned CPA and interim CFO, shows how to make the right decision.

In this article, Toptal Finance Expert Scott Hoover runs through a useful list of the top ten most common mistakes he encounters with respect to the accounting practice in small businesses. By avoiding these mistakes, entrepreneurs can ensure they stop wasting money and stifling the growth prospects of their company.

It’s astounding how few business owners properly account for the real cost of their labor. This article presents tried and true methods—including an online calculator—for calculating the real cost of your employees and consultants, enabling you to perform a sound financial analysis when faced with the “employee versus consultant” dilemma.