Top 10 Tax Mistakes: How to Avoid Them, Part 2
Making one of these ten common tax mistakes could be costing you money. Find out what they are and how to avoid them in part two.
What is a 1099?
You know that it has something to do with filing taxes, but what exactly is a 1099 Form? In short, a 1099 Form is an “information return” that reports all income earned through self-employment, interest and dividends, sales proceeds, and other miscellaneous income. There are several different types of 1099 Forms that account for the […]
The Details Matter
For the vast majority of franchisees an extra $1,000 a month in net income, or more owner’s salary, would make a huge difference. At BKE we see Net Income as a percentage of revenues ranging from a negative % to 10% for the majority of our clients. We understand that to really get the picture […]
Planning for 2021 – Addressing the Unknown
The coming year, much like 2020, is filled with uncertainty. Economic and community guidelines are ever-changing, and planning presents new challenges we haven’t seen before. Here at BKE, our goal is to help you plan through the multiple possibilities and prepare for the most successful business year possible. Over the next month, we are going […]
The PPP Loan Forgiveness Application
On Friday, May 15, 2020, the U.S. Small Business Administration, along with the Department of the Treasury released the Paycheck Protection Program (PPP) Loan Forgiveness Application. Learn more…
Net Income Versus Cash in The Bank—Why They Never Match!
When you look at your net income versus cash flow, why are they different? If net income is the money that you bring in, and cash flow is the cash you have on hand, aren’t they the same thing? Nope.
How Do You Measure Up Against Your Competitors?
For small businesses who run on tight margins, checking cash flows regularly (monthly) is critical. You need to know if your everyday operations are generating enough money for you to basically stay in business. If you’re running low on cash, you might want to check it more frequently.
What These 3 Simple Analytics Tell You About Your Financials.
For small businesses who run on tight margins, checking cash flows regularly (monthly) is critical. You need to know if your everyday operations are generating enough money for you to basically stay in business. If you’re running low on cash, you might want to check it more frequently.
How much is your franchise actually worth: Balance sheet versus income statement
Just knowing dollars in, dollars out, and what’s left over every month won’t tell you what your company is actually worth. To do that, you need your balance sheet to show you the big picture.
INFOGRAPHIC: Why Franchise Owners Should Care About Cost of Goods Sold (COGS)
For small businesses who run on tight margins, checking cash flows regularly (monthly) is critical. You need to know if your everyday operations are generating enough money for you to basically stay in business. If you’re running low on cash, you might want to check it more frequently.