As your business grows over time you will probably want to expand and hire people for different roles. Luckily, there are many options available for companies who need to find talented workers. As an employer, there are two main types of workers: employees and independent contractors. What’s the difference you ask? For a new [...]
Starting a small business in the 21st century is common as the appeal for a more individual lifestyle rises. There are several mistakes new business owners can make, here are a few of them and how to avoid them. 1. Having Poor Cash Flow. Uneven, unstable, or nonexistent cash flow is the #1 killer of a [...]
Do you usually end the month wishing you had more money to put into bonuses, marketing, or even client freebies? It seems like there just isn’t enough money to do all of the things you want to do; but the thing is, there’s plenty! Creating a budget allows you to guide your money properly [...]
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 [...]
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 [...]
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 [...]
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, [...]
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 [...]
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 [...]
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 [...]
