Outsourced Accounting Blog

Best Cloud Apps & Online Tools for Entrepreneurs

The Best Online Tools or Apps of 2018 for Entrepreneurs

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Last year, Forbes reported that by September 2018, 80% of businesses would be using cloud apps or solutions. Being at the forefront of cloud accounting services in Chicago, we wanted to share with you our favorite online tools and apps along with the pros and cons of each that we use to live our most efficient life in the cloud.

How to Lower Customer Acquisition Cost

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Congratulations, you have managed to persuade a customer to purchase your product or service. In fact, you have managed to repeat this action over and over again. But, do you know the true cost of acquiring those customers and have you figured out how to improve that cost?
Meet Team Awesome - Alma Garza

Meet the Team: Alma Garza

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How did you end up working with Red Granite and ORBA? What path brought you here? My past experience has been primarily in the financial institutions industry, which is a highly regulated and conservative area of business. I'd been working in accounting for banks for about 25 years and decided I needed a new challenge with more variety. A search on the internet brought me to Red Granite and immediately I was captivated, stalked the internet to find Chris Arndt's email address and contacted him for a chance to be part of Team Awesome and the rest is history.
Business Lessons Learned from DUDE Products

8 Business Lessons Learned from our Interview with DUDE Products

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We're spilling the beans on one of our clients. These are the takeaway business lessons we gleaned from a recent interview with Brian Wilkin of DUDE Products including a sneak peek of what’s in store for the DUDEs. 1. Your brand is your identity. 2. You can be passionate about your work and still value flexibility. 3. Avoid cash flow issues before expanding...
Sara Subhani - Associate for Red Granite | Entrepreneur's CFO

Meet the Team: Sara Subhani

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What gets you excited about working with Red Granite and ORBA? It's such a unique opportunity to assist multiple different companies with their businesses. You learn so much and it's always something new!
Detailed Business Budget - Outsourced Accounting | The Entrepreneur's CFO

How Detailed Does My Business Budget Need to Be?

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We, at Red Granite and ORBA, frequently get asked this exact question by clients: “How detailed does my business budget need to be?” The easy preliminary answer when you’re creating your business budget is to be as detailed as possible because you are laying the groundwork for the upcoming year. Continue reading for our steps and advice on how detailed your business budget should be...
Tax Reform for Meals & Entertainment Expenses - Changes

Tax Reform: Changes to Meal and Entertainment Expenses

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We want to alert business owners, clients and readers to an important change under the new tax reform commonly known as the Tax Cuts and Jobs Act. The Tax Cuts and Jobs Act (TCJA) enacted extensive changes to the deductibility of meals and entertainment (M&E) expenses for companies. Prior to the new tax reform, companies generally could deduct 50% of expenses for business-related meals & entertainment expenses. With the enactment of the TCJA, entertainment expenses paid or incurred after December 31, 2017 are no longer deductible.
Ask Your Accountant - Expand Your Business Feat Image

Before You Expand Your Business, Ask Your Accountant These 4 Questions

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Think you're ready to expand your business? We often see startups attempt to expand too quickly before they are at the appropriate stage in their growth. These are our four (plus one bonus!) questions to ask your accountant before preparing to expand.
Akeem Ogunsegun: Meet the Team

Meet the Team: Akeem Ogunsegun

How did you end up working with Red Granite and ORBA? After working for a non-profit organization and small businesses for over 10 years, I was searching for a change where my skills would be utilized to the maximum and also challenge me. Read more about our "accountable" accounting manager Akeem - he said it first!

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