Business Advice

/Business Advice
22 06, 2018

Got a Letter from the IRS? Don’t Panic.

By | 2018-08-07T17:12:55+00:00 June 22nd, 2018|Blog, Business Advice, IRS, Our Services, Tax, Uncategorized|Comments Off on Got a Letter from the IRS? Don’t Panic.

If you received an envelope from the Internal Revenue Service (IRS) that does not contain a refund check, your heart rate likely increased. Before you fret, remember that most of the issues in these letters can be dealt with simply and painlessly. There are a number of reasons the IRS might send you a [...]

19 06, 2018

Working While Traveling? Here’s What You Need to Know.

By | 2018-08-07T17:13:02+00:00 June 19th, 2018|Accounting, Blog, Business Advice, For CPA's|Comments Off on Working While Traveling? Here’s What You Need to Know.

Small business owners and employees working on-the-go: here's what you need to have setup for a smooth virtual work/vacation time. One of the biggest benefits of technology is that it allows those of us who want to work virtually the ability to work from anywhere - that’s definitely our favorite part! We get to [...]

7 05, 2018

Want to Buy a Company? Don’t Get Let Down Before You Start

By | 2018-08-07T17:13:09+00:00 May 7th, 2018|Accounting, Blog, Business Advice, Cashflow, Financial, Starting a new business|Comments Off on Want to Buy a Company? Don’t Get Let Down Before You Start

If you are thinking of acquiring another company, there are quite a few factors that you must consider in your decision making. The best way to consider all factors and elements of your business is by conducting due diligence. This is your way of finding out the health of the company; is it really [...]

7 05, 2018

The Dangers of Mixing Personal & Business Finances

By | 2018-08-07T17:13:13+00:00 May 7th, 2018|Accounting, Blog, Business Advice, Cashflow, Financial, new business owner, Small Business GAB, Starting a new business, Startups, Tax|Comments Off on The Dangers of Mixing Personal & Business Finances

The mixing of personal and business finances is especially common in the beginning stages of business. It is something that you should work to separate as soon as possible. Mixing personal and business finances is dangerous.  This makes it hard to see what your cash flow in the business is, [...]

10 04, 2018

Crash Course on Cryptocurrencies + Taxes

By | 2018-08-07T17:13:17+00:00 April 10th, 2018|Accounting, Blog, Business Advice, Financial, Tax, time and money savers|1 Comment

The world has become more and more digital, which has made cryptocurrencies all of the rage. Cryptocurrencies are generally utilized for transactions by techies and have a comparable value in real currency or replace real currency. These virtual currencies can be purchased with or exchanged into U.S. dollars, euros, and other real or virtual [...]

10 04, 2018

How to Maximize Your Hiring Potential

By | 2018-04-10T22:29:05+00:00 April 10th, 2018|Blog, Business Advice, Hiring, Monthly GAB, new business owner, Starting a new business, Startups, time to hire|Comments Off on How to Maximize Your Hiring Potential

Hiring a new employee can be a stressful situation, especially if it is your first time. You don’t want to bring just anybody into the business you’ve worked hard to create, but the fact of the matter is... you need the help. In true GMLCPA fashion, you have to make it fun! Here’s our [...]

13 03, 2018

4 Ways to Maximize your Medical Deductions with the new Tax Law

By | 2018-03-13T18:33:28+00:00 March 13th, 2018|Accounting, Blog, Business Advice, Cashflow, Financial, Tax, time and money savers|Comments Off on 4 Ways to Maximize your Medical Deductions with the new Tax Law

The new tax law has changed many things about our lives, and medical deductions is one of them. The new law’s final version kept the itemized deduction for medical expenses, and it lowered the adjusted gross income (AGI) limitation from 10% to 7.5% for 2017 and 2018. Here is where it gets a little [...]

6 03, 2018

5 Ways to Spend Extra Money Wisely

By | 2018-03-06T16:56:37+00:00 March 6th, 2018|Business Advice, Cashflow, Financial, new business owner, Starting a new business, Startups, time and money savers|Comments Off on 5 Ways to Spend Extra Money Wisely

Have you ever been left with money at the end of the month, quarter, or year, and wondered what to do with it? Certainly putting it away for a rainy day is a great use of the money, but if your rainy day fund is already plump and you want to find a good way [...]

5 02, 2018

Setting Yourself Up for Success: Mileage Tracking & 1099s

By | 2018-02-12T17:46:56+00:00 February 5th, 2018|Accounting, Blog, Business Advice, Financial, new business owner, QuickBooks, Small Business GAB, Startups, Tax, time and money savers|1 Comment

“Don’t fear failure, fear being in the exact same place next year as you are today” (Unknown) This is a quote that really encapsulates everything we want to remember throughout the entire year. We are a firm that focuses on growth in ourselves, and especially in our clients. We know from experience that it isn’t [...]

5 02, 2018

Effective Niching: the Key to Increasing Revenue

By | 2018-02-12T17:12:26+00:00 February 5th, 2018|Accounting, Billing, Blog, Business Advice, Cashflow, Financial, new business owner, Startups|Comments Off on Effective Niching: the Key to Increasing Revenue

When you first start out in business, it’s standard to service clients from a wide variety of industries. If you are building your client base it’s a smart way to start, and the only way to discover which industry you prefer or have the most success in. After a while, though, it’s important to look [...]