Why It’s Important to Keep Business and Personal Finances Separate
“Don’t mix business and personal finances,” is one of the most common pieces of advice given to business owners. And for good reason. Many business expenses can be deducted from your taxes but most personal ones cannot be. So when personal expenses get recorded in your business’s financial records, you’re setting yourself up for trouble […]
How To Create A Budget That Can Be Your Business’s Roadmap
Some accountants compare a business’s budget to a roadmap or GPS directions. They use this analogy because your budget guides you towards your goals. If you don’t have a budget, your business probably won’t get to where you aspire it to be. Now is the time to create your budget for 2016. The first step […]