When and Why You Should Hire a Bookkeeper
Most people start their own business because they want to do something they have a passion for, be their own boss, and make a lot of money. Those are great aspirations to have but it’s also important to keep in mind that every business has a number of administrative responsibilities that aren’t as glamorous. One […]
4 Ways to Grow Your Business You Might Not Have Considered
It’s a big milestone when your business starts to turn a profit. But once you’re done celebrating, you’ll need to decide what to do with the extra money. You can take the funds out of the business and use it for personal means but that generally isn’t a recommended way to pay yourself. Instead you […]
The Differences Between Cash and Accrual Accounting
When you start to keep financial records for your business, you’ll need to decide what method of accounting to use. There are two choices – the cash method (also known as cash basis accounting) and the accrual method (accrual basis accounting). The IRS requires certain businesses to use the accrual method, including ones with $5 […]
5 Rules for Managing Cashflow
Far too many business owners make financial decisions based on their bank account balance. But that figure is constantly in flux. It only represents the funds you have at that moment but not the funds that will soon enter and exit your bank account as you pay your expenses and revenue is received. Instead you […]
7 Tips for the On-the-Go Business Owner
Not long ago, most business owners needed a dedicated space to work from. But these days, it’s easier than ever to get things done over the internet. While traditional offices are still common, many business owners are choosing to work while on the go instead. Equipped with a laptop, mobile phone, and a tablet, you […]
An Easy Monthly Checklist for Small Businesses
Owning and operating a business is the job that never ends. And even when you spend every waking hour attending to your business’s needs, you may still be left with items on your to-do list. While every business has its own unique challenges and responsibilities, there are a handful of minor tasks every business owner […]
A Quick Tax Overview for the Self-Employed
Being self-employed can be a great way to make a living. You get to be your own boss and run your business on your own terms. However, if you’re new to being self-employed and are accustomed to being employed by someone else’s company, you’ll find that there are some differences when it comes to filing […]
4 Ways to Improve Your Business
There’s a lot of good information available to business owners, whether it be online, in books or just general knowledge successful people share with others. In fact, there is so much business advice out there, it can be overwhelming trying to take it all in. With that in mind, we’ve streamlined our favorite business advice, […]
The Mileage Deduction: What to Know About Using Your Car For Business
Do you drive in the course of running your business? If so, there’s a tax benefit you might be able to take advantage of. The miles you put on your odometer or the cost of using your car for the following types of drives can be deducted from your business taxes: Drives between offices – […]
Tax Considerations for Married Couples in Business Together
A lot of businesses are family operations. When you need some extra help, the first people you look to are often the ones you know and trust more than anyone else. Or if you’re just starting a business, opening it with a loved one can make the adventure more comfortable and exciting than going about […]