If you have started a new business, you will need to know more than just ten things about taxes. A CPA or tax advisor can keep you and your business on track and educate you about what you need to do to report income and file your taxes properly. If you start with these ten [...]
Regardless of if you're a new business owner or have a lot of experience, keeping track of all the company's expenses is very important. Aside from having bills to pay, you'll also have to make several important payments during tax time. While it's not something anyone looks forward to, paying for business expenses has to [...]
As an entrepreneur you have to juggle many responsibilities, especially when you are trying to start the business. From marketing to product development, it's important to make sure everything goes smoothly as a founder. Although it may be tempting to just focus on other things, there are many advantages to making a business plan with [...]
You think you're ready. You may feel confident you're ready to start your new business, but first, here are some things about taxes you need to know and may not have thought of. Make Sure You Keep Good Records Before You File Your Federal Taxes Many new small business owners make the mistake of stuffing [...]
Business owner, if you've ever wondered why you're paying so much in taxes, one reason may be that you're not investing enough in your company, or if you are investing, you're not claiming all allowable deductions. Other possible reasons include not paying as you go, your business is not established as the correct entity [...]
If you're a business owner, especially a small business owner, every penny counts. The more money you have, the more you can invest, the more your company grows, and the more money you have to take risks. Naturally, you want to save as much as possible on your daily expenses and daily operations. You may [...]
Before remote services were readily accessible online, businesses were limited to their local areas for bookkeeping and tax services. Sometimes this meant hiring in-house year round and/or going to a local CPA for yearly tax preparation. Times have changed since then, but businesses can use this to their advantage. We'll discuss this more as we [...]
Many small business owners recognize the importance of hiring a CPA, yet underestimate how essential it is to choose precisely the right one. If you would like to know how to find the perfect CPA for you, a good way to start is by ensuring you avoid some of these very common mistakes. Mistake [...]
Even in today's digital age, many small business owners are still keeping records the old-fashioned way-with pencil and paper. Recording transactions by hand can be very time-consuming, which is why you may want to consider one of these 4 tools to automate your small business accounting. #1. Quickbooks Online Used by more than 1.5 [...]
Small businesses need the right financial advice to continue growing, yet are often at a disadvantage because many cannot afford a full-time Chief Financial Officer (CFO). If your business is one of them, perhaps a virtual CFO or vCFO could be useful instead. What does a virtual CFO do for your small business? Here is [...]