When Your Remote Employee Lives and Works in Another State
Remote working has exploded in the last few years, especially in professional services. Now that companies are seeing the benefits of remote work, they are also seeing the benefits of an expanded pool of potential employees. Some firms are hiring employees that live several states away from where the office is located, which comes with many ramifications for the business.Read more
Preparing for the Possibility of a Downturn
Will there be a recession? The future is filled with uncertainty. One of the best ways to provide comfort and control is to start planning now, knowing you may need to adjust as the situation unfolds.
These are actionable steps you can take right now to prepare yourself and your company for an economic downturn.Read more
Is Your Best Skill Aligned with Your Business Model?
When starting a business, most entrepreneurs excel at the specific technical skill set they need to deliver their services and products to clients. For example, if you own a bike shop, you are likely skilled in all things bike related. If you own a law firm, your strengths probably include understanding and interpreting the law. This skill is your core skill.Read more
Five Subtle Ways to Carve Out More Business Profit
Whether we’re headed for a recession or not, it’s always a good time to squeak out more profits from your business books. We’re not talking about drastically slashing expenses or excessive spending to raise revenue; the tips in this article are long-term ideas to gently lift up your profits.Read more
What Financial Documents Should I Keep and for How Long?
I am moving for the first time in 15 years. Moving made me take stock of what I have in my house and what I really don’t need to take with me. While going through old filing cabinets, I realized how many paper files I had from when I first started First Steps Financial over 10 years ago—back before we went paperless.Read more
How to Make Accountability Work
Almost every successful business owner craves accountability. We’re wired to respond to crises and to help others, sometimes before we help ourselves.
Entrepreneurs are great at running their day-to-day businesses, but some need more accountability to meet internal deadlines and long-term goals. Let’s take a closer look at increasing accountability.Read more
Should You Get Cybercrime Insurance?
The short answer to this question is YES! Incidents of cybercrime have been problematic for a long time, but have increased exponentially since the start of the pandemic.
If your firm’s reputation depends in part on your ability to keep confidential client records secure, cybercrime insurance is a must. It’s not a matter of if but when your private business info will be breached.Read more
ESG and Your Business
Pick up just about any public company’s most recent annual report, and you’ll find a section on ESG. ESG stands for Environment, Social, and Governance. It’s a growing trend that not only considers, but also measures a company’s sustainability performance on ESG issues. A new generation of investors is driving this movement as they become more discerning when selecting companies to invest in.Read more
3 Fraud Prevention Strategies for Your Business
Internal theft in business is all too common. Search the internet and you will find many articles about embezzlement by trusted employees.
The good news: There are steps you can take to safeguard yourself and your company without relying on ‘trust’ as a method of prevention.Read more
How to Know if You’re Hiring a Qualified Bookkeeper
How can I tell if I’m hiring a good bookkeeper? Small business owners and other accountants that hire bookkeepers to work in their firms ask us this question all the time.
When we interview bookkeepers, we pay special attention to these areas to make sure the person we’re hiring is a good fit.Read more