A business newsletter curated to help your business grow!
Are you considering starting a new business? How about looking to maximize tax savings in your current business? Whether you are a new entrepreneur taking the leap of faith or an established business owner, it’s important that you choose a business structure that maximizes your tax savings.
Read MoreIn today's fast-paced and technology-driven business environment, it is essential for small businesses to stay competitive and efficient. Embracing technology, such as virtual bookkeeping, can help streamline processes, save time, and reduce costs.
Read MoreOutsourcing your bookkeeping can be a great decision for your business. By outsourcing to a professional bookkeeping service, you can save time and money, and ensure that your books are always in order. Here are three reasons why you should outsource your bookkeeping!
Read MoreMaintaining accurate and up-to-date accounting records is essential for small businesses. Not only do they help you keep track of your financial status, but they can also be used as evidence in the event of an audit. Here are a few accounting tips to keep in mind when storing accounting records.
Read MoreThere are two ways to handle bookkeeping - you can do it yourself (DIY), or you can hire a bookkeeper to do it for you. In most cases, it is cheaper and more efficient to do your own bookkeeping. However, if you don't have the time or knowledge to do it yourself, then hiring a bookkeeper would be the better option. Here are some things to consider when making your decision.
Read MoreCPAs are more than accountants. They can help in so many ways, depending on your business's needs. Find out what exactly are Certified Public Accountants, what tasks you can expect them to complete for your business, and why you should hire one to be on your team.
Read MoreQuickBooks: What is it? What can it do for you? What does it offer your business? How much does it cost? And how do you use it? This article will help answer those questions and more, while also showing you why QuickBooks is considered one of the most popular accounting software for small businesses and entrepreneurs.
Read MoreAs a business owner, you've probably seen or heard this word floating around as you learn more about all the responsibilities and duties of being an entrepreneur. You've also probably wondered: What exactly is a tax preparer and how do they benefit businesses?
So let's explore these questions and see what would best suit your business.
Read MoreWhat’s the difference between a bookkeeper and an accountant? This question is incredibly common. These two positions are often mixed up because they work in the same fields and because their duties overlap. So let’s clear up some of that confusion!
Read MoreYour business budget puts you in control of your company. It helps you avoid overspending and track financial goals. But with the coronavirus in full swing, you may have had to throw your business budget out the window to stay afloat. To get your business budget back on track post-coronavirus, you might need to make some modifications.
Read MoreEmergencies do happen, and while they may range in scale and scope, business leaders and individuals alike are caught off guard in the chaos. The scary fact is that whether an incident is natural or human-caused, if you’re unprepared, your business and even personal well-being could suffer.
Read MoreA budget provides the financial data that support your company’s vision, mission, and goals. It outlines key information on both the current state of your finances (including income and expenses) and your long-term financial goals. Because your budget will play a key role in making sound financial decisions for your business, it should be one of the first tasks you tackle.
Read MoreNo business can escape the dreaded task of bookkeeping. While it’s definitely not one of the more glamorous parts of the job, bookkeeping is at the heart of small business success, which means errors can be crippling. To avoid the financial headaches that come with bookkeeping mismanagement, it’s important first to be aware of the pitfalls that can ensnare you.
Read MoreYou want to scale and optimize your small business which means you must always know it’s value. The health and value of your business are quantifiable by maintaining a monthly or quarterly balance sheet. The balance sheet goes beyond your financial plan or profit and loss statement to determining your financial position.
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