If your business handles client financial information, tax data, Social Security numbers, bank account details, or health information, you have legal and ethical obligations to protect that data. A breach — whether from a cyberattack, a stolen laptop, or a misdirected email — can expose your clients to identity theft, trigger regulatory penalties, and permanently […]
Best Time Tracking Solutions for Accurate Payroll and Billing
Inaccurate time tracking costs businesses money in two directions: underbilling clients and overpaying employees for time not worked. For businesses that bill by the hour or pay hourly employees, the time tracking system you use directly determines payroll accuracy, client billing precision, and the quality of your profitability analysis. FJ & Associates, PLLC integrates time […]
The Small Business Expenses Most New Service Contractors Forget to Deduct
New business owner? Learn the most overlooked deductions for contractors and service businesses in Utah, from tools to home office expenses.
Accurate Monthly Financial Statement Preparation for Businesses
A monthly profit and loss statement isn’t just a compliance document — it’s the closest thing a business has to a real-time health report. Combined with a balance sheet and cash flow statement, monthly financials tell you exactly where your business stands: whether you’re profitable, whether you’re cash-positive, and whether your financial trajectory matches your […]
Setting Up Your Business Chart of Accounts: A Practical Guide
The chart of accounts is the backbone of your bookkeeping system. It’s the categorized list of every account your business uses to record financial transactions — assets, liabilities, equity, revenue, and expenses. A well-structured chart of accounts produces meaningful financial reports, makes tax preparation efficient, and gives you the visibility to run your business on […]
Business Budgeting & Financial Forecasting Services
A budget is a financial commitment to a plan. A forecast is your best current estimate of what will actually happen. Together, they give you the framework to set targets, allocate resources, and make proactive decisions — rather than reacting to whatever the month-end P&L reveals. FJ & Associates, PLLC builds annual budgets and rolling […]
Small Business Budgeting Guide: How Utah Business Owners Build Budgets That Work
A budget is a plan expressed in numbers. Without one, spending decisions are reactive — made in the moment based on available cash rather than a strategic view of where the business needs to go. With one, you know in advance whether a hiring decision is affordable, whether a marketing spend will require a draw […]
Bookkeeping for Small Business Beginners: A Plain-English Guide for Utah Business Owners
Bookkeeping is the systematic recording of your business’s financial transactions. Done consistently, it gives you accurate, real-time insight into your business’s financial health. Done poorly — or not at all — it creates tax problems, cash flow surprises, and the kind of year-end scramble that costs far more in accounting fees than consistent monthly bookkeeping […]
How to Read and Understand Financial Statements: A Guide for Utah Small Business Owners
Financial statements are the language of business. They tell the story of where your money came from, where it went, what your business owns, what it owes, and whether it is generating sustainable cash flow. Every loan officer, investor, and prospective buyer of your business will read them. Your accountant prepares them. Your bank requires […]
Setting Up Your Remote Accounting System: A Guide for Utah Small Businesses
The shift to cloud-based accounting has permanently changed how small businesses manage their finances — and how they work with their CPAs. A properly configured remote accounting system gives you real-time visibility into your financials from any device, automates routine data entry through bank feeds, and allows your CPA to access your books without waiting […]
