Your Guide to Successful Tax Planning for Your Small Business
As a small business owner, you know it’s important to keep your finances in order. But did you know tax planning is one of the most important aspects of financial management? Unfortunately, many small business owners don’t do any tax planning at all.
In this blog post, we will discuss why tax planning is so important for small businesses, and we will also give you some tips on how to prepare for a successful tax planning session.Read more
How to Budget Your Business Finances
If you’re like most business owners, then you know effective budgeting is essential to the success of your company. But creating and sticking to a budget can be difficult, especially when cash flow is tight.
In this blog post, we will discuss some tips and strategies for effective business budgeting. We’ll also provide a few helpful resources to get you started!Read more
How Time Batching Boosts Your Productivity
For small business owners, it seems like there’s never enough time to get everything done. One tool that will help you get the most out of your time is time batching, also called time blocking.
If you haven’t heard of this concept before, it can revolutionize the way you approach work.Read more
Understanding Equity on the Corporate Balance Sheet
Your favorite number on the balance sheet just might be cash. It’s easy to understand and something every business has.
But there’s a more meaningful number, at least in the long-term sense, and that’s equity. Let’s dive deeper into that part of the balance sheet.Read more
Are You Getting Organized Financials from Your Accounting Department?
When you hire an accounting professional, it can sometimes be hard to know if your books are being done correctly and whether you are getting accurate information.
Here are some things you can do to stay on top of your finances without becoming a micromanager.Read more
4 Tips for Organizing Your Business Financials (and One Tool That Will Really Help)
Organizing your small business financials doesn’t have to be a daunting task. By following a few simple steps, you can create a system that works for you and your business.Read more
Cool Tech Tools: ClickUp™
ClickUp™ is a versatile new web application that serves multiple functions for small businesses. It’s primarily a CRM—customer relationship management—tool with project management and workflow features built in, and is adaptable across several industries.Read more
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