“A sale isn’t a sale until you’ve collected payment — it’s just a loan,” a wise businessman once said. If you’ve been in business for any length of time, you know how true this is. Many small businesses that were profitable on paper have gone bankrupt waiting for payment from their customers to arrive. [...]
When you hire outsourcers to complete tasks for you, it's not enough to simply tell them what you'd like them to do and let them get to it. You need to give them detailed specifications to ensure a high standard of quality. If you don't and the work comes back wrong, you only have yourself [...]
When you're hiring outsourcers to help your business grow, it's common to hire people from other parts of the world. You can often find highly skilled help in other countries for a much lower price than in your own. But hiring workers from another country involves a few unique challenges, and one of them is [...]
Tips and Best Practices Managing a virtual team is different from managing your own in-house staff. As you grow your virtual team, you'll face some unique challenges. Here are some tips and best practices to help you get started. Be Available Make sure you're available whenever your outsourcers need you. Give [...]
There are many reasons why companies outsource but the main one is to save money. Although you have to pay outsourcers for the work they do, in the long run it'll be cheaper than hiring in-house staff. The only problem is that it's sometimes hard to control how much you spend outsourcing, and this can [...]
Two Great Options to Save Your Business Time and Money Small business owners often forget that they don't have to do everything themselves. Especially in this day and age where much of what we do is online, you can find many ways to get things done without actually doing them yourself. Automating and [...]
Have payroll income or be self-employed. There are a multitude of possible combinations. If so, the IRS withholding calculator is not suitable for your needs, and you will probably need professional assistance in determining a combination of estimated taxes and payroll withholding You Probably Need to Adjust Your W-4 One more thing about [...]
You are through with your tax filing for 2014. Saw the penalty and freaked out a little! BE PREPARED it will be more in 2015!!! The penalty for not having minimum essential health insurance for yourself and other members of your tax family takes a substantial jump in 2015. For 2014, the penalty was [...]
The GMLCPA team are here to offer more opportunities to partner with you and GROW your company in a big way!! Time is a factor. That is what everyone is saying these days. Too much to keep up with, changes, technology, life, children, there is no time for you. Am I right? I know. [...]
In our office our daily meetings include client updates, task sharing and sometimes a good giggle on something that a client told me or something that happened at home. We do 30 minutes prior to “opening time” so we aren’t interrupted. I started noticing that our meetings were becoming less productive and so I started asking [...]