Cashflow can be a challenging detail to manage in your business, which is why it can be helpful to have credit cards and/or a line of credit available to get you through the lean months. The way you structure the credit should depend on the needs of your company and the financing options that are […]
Many employees enjoy the holiday season because of the time away from work for both Thanksgiving and Christmas. On the other hand, the time-off during the holidays depends on the industry. For example, retail employees and managers often find that this season is the busiest time of year. But office employees and managers can take […]
One of the most important steps a business owner can take is hiring a pro to help with small business accounting. Not only will you have confidence knowing that your records are up-to-date at all times, but it is important to tap into the financial strategy available from someone who has industry experience. Don’t Wait […]
Two essential aspects need to be addressed for maintaining your books: the money coming in (Accounts Receivable) and the money that is going out (Accounts Payable). Most small business owners are familiar with these two phrases, and they understand the general concept. But it can be a challenge to know how to implement the right […]
Taxes are one aspect of running a business that most entrepreneurs dislike. Not only do you need to be sure that the cash is available when tax time rolls around, but it can be a burden to keep up with the tracking and paperwork required for tax preparation and filing. Taxes are unavoidable, both for […]
Bookkeeping and accounting are essential for every business, and there are many opinions on the right ways to find the services that are needed. If you are starting a business or you can see that your bookkeeping and accounting systems need a bit of TLC, what is the right approach? You can hire an in-house […]
Risk is an unavoidable part of owning a business. But just because you are investing in something that could be a profit or a loss, doesn’t mean that you should be exposed in areas where the risk can be minimized. When it comes to risk management for a small business, a few specific steps can […]
Most business owners agree that taxes are the most expensive and stressful part of running a company. Not only do you need to track ongoing expenses and write-offs, but you also need to pay attention to paperwork and payment deadlines throughout the year. Even though tax savings can take a bit of work, it’s worth […]
The ultimate goal of running a business is to not only offer quality products and services, but also maximize profits at the same time. Even if you understand your ideal customer and have a great marketing strategy in place, your business will fail if you don’t know how to manage your money. Money management will […]
As a small business owner, you probably agree that dealing with taxes and accounting is at minimum a chore… and even a headache at times. It can be stressful to sift through tax paperwork and determine the right forms that need to be filled out. Plus, you need to worry about cash flow, tax payment […]
