Cash flow is to business like water is for plants, both are critical for growth. While several small businesses may never experience these problems, others may experience the need to cut costs or look towards alternative funding just to make it past payroll. This can cause additional pressure for your business as loans become harder […]
Q&A How to Better Manage Your Small Business Cash Flow Read More »
Regardless of whether your goal is to find investors or just better manage your business, financial forecasting and budgeting are essential in achieving short-term and long-term success. As the year progresses, your operating plan and financial projections will evolve. You should be actively engaged in testing your assumptions and altering your actions as you go.
Tips for Creating a Financial Budget Read More »
The New Year approaches and you want to make 2015 the year of growth. You want your business to expand, you want to hire more employees and you want to see even more profits. So, how do you get there? Consider putting together a growth plan. This doesn’t mean that you have to devote your
SWOT Analysis- Get Going on Growth! Read More »
Are you preparing your 2014 taxes? Are you a small business or self-employed individual? Unfortunately the Internal Revenue Service audits these types of returns more than any other. These tax forms usually require a lot more information such as expenses and their categories and are therefore more complex. Be aware that having an accountant to
Afraid of Being Audited? Don’t Be! Read More »
With the year coming to a close and 2015 on the horizon, I’m sure many of you are wondering about tax tips to close out this year and start the next. Well you can get ahead of tax season by having a discussion with your CPA now to maximize your deductions and get your tax
Tax Tips Going Into the New Year Read More »
When you are traveling for business, it can be difficult to keep track of expenditures, but if you are not doing so you are missing out on some great deductions for your business. To make sure that you are following the law when it comes to business tax deductions (especially with travel) make sure to
Business Traveling & Taxes Tips & Tricks Read More »
It is almost the end of the year! Is your business ready to move forward in 2015? Are you sure? Many businesses, especially if they are new fall into accounting traps that can prove to be damaging to growth. This is completely understandable! Marketing, managing, accounting and helping customers? It is all very overwhelming! What
Small Business Accounting Traps Read More »
You’ve come up with a brilliant idea. Really- there hasn’t been a better idea since the Post It. You know that this is going to change the face of ‘X’ industry. Before you can jump into manufacturing, marketing and selling, how do you value and protect it? First lets examine what intellectual property is: A
Is Your Intellectual Property Valued? Read More »
Did you know that one of the first things printed on a Gutenberg printing press was a treatise by Luca Pacioli, one of the fathers of accounting? Originally penned in 1494, it is mind boggling to think how far Accounting has come since that point. Considering that automated spreadsheet sums weren’t available until the 1970s!
From Printing Press to Present Why We Need Accounting Read More »
How often do you communicate with your accountant? If you only speak with your accountant a couple of times per year around tax time, then you may not be making the most of their expertise. As a business owner, you should be providing your accountant with all of the documents needed to track your past
Reaching Your Goals Through Your Accounting Read More »
What does it mean to be a small business owner? It means a few things. First, that you have worked incredibly hard getting your business off the ground. And two, that you have probably spent many sleepless nights trying to learn every area of your business including basic accounting principles. If you’re just trying to
Basic Accounting Principles Small Business Owners Must Know Read More »
Key performance indicators help you measure the performance of your business, and it’s ability to meet goals and expectations. Regardless of your industry, you need to establish key performance indicators (or KPIs) to understand the growth and trajectory of your business. Creating KPIs is more time intensive than it is difficult, and requires you to
How Do I Create Key Performance Indicators? Read More »