When deciding whether you need to hire a CPA or a general accountant for your small business, it’s essential to know the difference. There are a variety of accounting services that you can outsource or hire an in-house accounting team to address. Bookkeeping and day-to-day accounts payable and receivable do not necessarily require hiring a […]
Being an entrepreneur can come with many brainstorming ideas that are made into a reality with your drive and go-getter personality. An essential part of owning a small business is surrounding yourself with people from all backgrounds and demographics who can help you learn about all perspectives. If you were only surrounded by people who […]
As you go into the New Year with your small business, you may find yourself feeling energized and ready to make 2021 your year! There were likely some hard lessons learned in 2020. But you made it through, and now your company has the potential to grow and thrive. What can you do for your […]
If there was ever a year that you learned something as a small business owner, last year was the year. With the pandemic, many businesses were forced to pivot and re-imagine their business plans completely. No one had the experience of what to do when a global pandemic hits. It took flexibility and grit, and […]
It’s a new year and time to give your small business a boost with New Year’s resolutions. Finding ways to improve your company continually is a vital part of being an entrepreneur. The smallest changes can make a big difference in your business. Take a look at some great examples of New Year’s resolutions for […]
When starting a small business, it may be tempting to stay in control of your finances and do all of the bookkeeping and accounting yourself. Some entrepreneurs choose a trusted family member to help with small business accounting. When a small business owner begins their business venture, their passion doesn’t always lie in accounting. Understandably, […]
As many people are setting New Year’s Resolutions during this time of year, it may be time to set a huge resolution for yourself and make it a goal to start a new business in 2021. This attainable goal is not out of reach. All it takes is careful planning and setting priorities to align […]
As you are going over your end-of-year accounting checklist and looking at expenses compared to previous years, you will notice a big difference for the year 2020. The amount that you spent on COVID-19 safety supplies adds up over time. Are these expenses tax deductible? What Is a Tax Deduction? A tax deduction is when […]
As the year comes to an end, it is time to look back on your small business and evaluate what went right and what went wrong. You can celebrate successes and pivots that were made to accommodate COVID-19. You can relax and recover after a holiday rush. Reflection at the end of the year is […]
Working capital is a measure of how much liquid cash a company has after bills are paid. It is a short-term snapshot of the financial health of a company. When you have sufficient working capital, you are able to keep your company afloat. Suppose you find that you have an abundance of working capital. In […]
