The bank you use for your small business banking can have a big impact on your success. While you may think of a bank as an institution, it has the potential to be a partner in growing your small business. If you’ve been unsatisfied with your current bank for your business account, it may be …
4 Signs You Need a New Bank for Your Business Account Read More »
It would be great to start a business with all the money you could ever need to launch; funds for inventory, hiring, marketing and office space would be a dream come true. Many businesses turn to bank loans and investors to help close that money gap and get to their ideal launch position. But in …
Why You Must Prioritize Self-Funding Your Business Read More »
Whether it’s the apps on your phone or your work out sneakers, everything benefits from an update now and then. A new season is an excellent time to think about making a fresh start on what could use an update – especially in your business. While it’s not a tech solution (though those can be …
Improve Your Business by Updating Your Financial Processes Read More »
When it’s time to file your taxes, you’ll want to quickly handle the easiest deductions to ensure your business is getting the best return possible. Even though we’re several months from tax season, it’s important to keep deductions in mind so you can track your receipts year-round and be ready to go when the new …
Business Tax Deductions You Might Be Forgetting to Claim Read More »
Making smart financial decisions for your small business is in some ways an exercise in predicting the future. You need to anticipate where you’ll be in the next quarter, the next year and even the next five years. To do this successfully, you’ll need plenty of data about your past and current financials combined with …
How to Make Smart Financial Decisions for Your Business Read More »
The IRS and US states are tightening up how businesses define “employee” and “independent contractor,” and are looking at current classifications with greater scrutiny. For tax purposes, the IRS and states assume a worker is an employee unless proven otherwise. The burden to prove whether or not a worker is an independent contractor is on …
Independent Contractor or Employee? How to Classify Your Workers Read More »
Invoices aren’t a stimulating business topic, but they’re ultimately how you get paid. If you make a mistake on your invoice it could wind up costing you money, or at the very least delaying your payment. Below we share five common invoicing mistakes, and how you can avoid them. 1. You don’t set clear terms …
5 Common Invoicing Mistakes and How You Can Avoid Them Read More »
Does this sound familiar? You manage a cleaning service, but need help with your business’ tax return. You reach out to a local accountant, who would love to utilize your cleaning services. You strike up a deal to exchange your cleaning service for her tax help. Maybe you don’t have a cleaning business, or you’re …
Business owners do a lot of jobs within the company, including chief executive, marketing manager, product developer and customer service rep. One role that can be costly to imitate when not done correctly is the role of bookkeeper. Certified Bookkeeper (CB) is a designation finance professionals earn after completing requirements from an accrediting agency. Thanks …
Tax season 2019 is finally wrapping up. For some, you filed that return months ago and are well into managing your business for this year. For others, you may still be fielding questions from your accountant and anxiously searching records. If the thought of doing taxes for your business makes your head pound and your …
