When you first began your business, you naturally had high hopes that people would accept your business vision. And latch onto what you had to offer. It is the dream of everyone that starts a company. But when growth occurs fast and goes beyond your expectations, it can be overwhelming and stressful. You want to…
Hiring your child to work as a legitimate employee is a great tax strategy, which got even better with the Tax Cuts and Jobs Act. Starting in 2018, the standard deduction nearly doubled, from $6,350 to $12,000, meaning under the new law, your child can shelter almost twice the wage income without paying income taxes. …
As a small business owner, you will have a choice to make regarding what you want to do about your bookkeeping. You may decide that you will maintain your books and keep track of everything on your own. While you might think that this will save you some money, the truth is that it may…
For many small businesses today, financial statements are an essential part of what you must provide each year. Your banks, lenders, creditors, and financial institutions may require that you give these statements annually. So that they can see how you are performing. And if they want to keep assisting you in securing financing for what…
When it comes to your business, it is never too early for you to think about taxes. You may dread having to deal with the process, the paperwork, going through records and receipts, and so on. Mistakes are easy to make, especially if you are not current on your understanding of the latest state and…
It is a common occurrence in the business world today. You start a company and receive the immediate buzz and boost that helps you build a reputation and a name for your business. While the growth looks good at the start, after a while you see things start to level off or even go in…
You naturally have goals you want to achieve with the company you have started. Providing the services that your customers and clients need will help you develop relationships and make your mark in the business world. However, meeting the needs of your customers is just a part of having a successful company that thrives. For…
Owning and operating your own business can be freeing, giving you more significant input and control in what goes on each day as you allow your vision to come to life in the products and services you offer. As fulfilling as it can be for you, operating a business today is so much more than…
Any successful business today, large or small, makes it because of how their office is run. Sure, there is the cultivation of clients, customers or patients, but without the office taking care of the critical back-office processes, you would not be able to keep the lights so that your business or practice can thrive. So…
The accounting of any business really can be the engine that keeps any successful, thriving company moving forward. If your finances aren’t handled efficiently, effectively, and promptly, there would be no company to speak about. You would not have the cash flow to pay for new equipment, new staff, upgrades to your facility, insurance, or…
