Why Small Businesses Should Care About Accounting Software
You’ve heard it time and time again: “Accurate bookkeeping is necessary for business health.” This isn’t meant to come off like a scolding finger-wag. Bookkeeping is simply a foundational aspect of running a business and should be regarded as such. Bookkeeping and accounting are inherently different, though the two practices share similar implications. Accountants typically […]
Finding the Right Bookkeeper for Your Business
Hiring a bookkeeper is about much more than finding someone who can crunch your numbers. It’s about finding a partner who not only understands your needs, but anticipates them to positively influence the direction of your business. No matter what size your business may be, it’s critical to keep tabs on transactions, sales records, expenses, […]
Eight Accounting Apps to Be a More Efficient Business Owner
As a small business owner, it’s important to learn how to work smarter, not harder. Assess what your day to day looks like. What aspects of your business are eating up most of your time? Which manual tasks can be simplified with technology? From accounting and bookkeeping to hiring and training employees, there’s a software […]
Accounting Reports: What is a Balance Sheet?
Keeping accurate and up-to-date accounting records is a critical part of being a business owner. Your books hold a wealth of information about the financial state of your business that you can use to make savvy decisions. Accounting reports take the data stored in your books and present it in an easy-to-understand format. There are […]
Should You Hire a W-2 Employee or 1099 Contractor?
As your business grows, you’re going to need to hire good people to help out. But before you hire anyone, you’ll need to figure out what exactly their responsibilities will be, how long you’ll need to employ them, and what you can afford to pay them. If you need to build a staff to help […]
Accounting Reports: What is an Income Statement?
Keeping detailed accounting records for your business is important for many different reasons. For one, your books hold a wealth of information about the financial state of your business. You can learn a lot about your operations and make smart decisions by looking at the right data. Accounting reports provide an overview of important financial […]
Are You Ready to Expand Your Business?
When business is going well, expansion is the logical next step. You can increase revenue and grow your brand by opening additional locations. But expansion can also be risky. There is no guarantee your new location will be as successful as the original. And it can put a hamper on your entire business if it […]
The Work Opportunity Tax Credit (WOTC): What to Know
Being a business owner often means you’re in a position to give back to your community. One of the best ways to help out is to hire disadvantaged people in need of a steady job. By doing so, your good deed can be rewarded with a tax credit. The Work Opportunity Tax Credit (WOTC) is […]
How to Manage Your Business’s Online Reviews
Small businesses today need to consider how they’re represented on online review sites. Potential customers are increasingly consulting Yelp, Facebook, Google Reviews, Angie’s List, and many other sites when choosing where to spend their money. Many small business owners get frustrated with these sites but they can actually be a great way to market your […]
How to Deduct the Cost of a Business Party
Successful businesses are mostly “all work and no play” but every once in awhile there is reason to throw a party. Maybe you want to celebrate the contribution of your employees on a holiday or when a milestone is reached. Or perhaps you want to thank your customers and entice prospects by hosting a gathering […]