Do you ever wish you had a better understanding of terms your accountant uses when talking about your business? You are not alone. I've had several clients ask me to explain a term we were using, but they also admitted they were embarrassed to ask. They thought they should already know what it meant. That's just not true! Just as I may not understand terms directly related to your business, I don't expect you to understand mine. We ...
Keeping track of receipts is a headache every small business owner faces. Managing receipts is always a challenge for entrepreneurs who are busy, on the road, or just not as organized as they would like to be. Receipts end up EVERYWHERE: your desk, your car, your home, your office….the trash. If you are running a business, receipts are essential. Business expenses must be tracked on a monthly basis. There is nothing more anxiety-induc...
Is there something you are passionate about? Are you ready to take the jump into entrepreneurship? If so, here are some steps to get you started. Set up a Business Bank Account – Keeping business and personal money separate is a fundamental piece of advice that most experts agree on. Get Paid Faster with User-Friendly Online Payment Tools – Roughly 80 percent of small businesses fail because of cash flow problems. Technology can ...
July is the time of year we begin doing mid-year reviews and tax planning. July is not usually the month we have a tax filing deadline! It's been exhausting for us, as well as for taxpayers. But we got through it! So, now we switch gears from 2019 returns to tax planning for 2020 and PPP loan forgiveness. Let's recap the latest PPP changes and guidance. Note: There are no banks accepting forgiveness applications yet. Only 60% of th...
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Smart Brevity Count:554 Words | 2 Minutes "Qualit...