You just received your business tax return. You are distressed because you owe taxes. Every year tax time is stressful because you are scrambling to come up with the money for the taxes owed. You promised yourself this would not happen again, but you do not know how to change things. Let’s discuss the positive […]
Category Archives: Help
15
Aug
Aug
If you have been in business for a while, at some point, you will need to make the transition from surviving to thriving. One important way to get there is to identify which parts of your business are profitable. Many conversations with our clients revolve around this topic. We are sharing some of the suggestions […]
14
Feb
Feb
Starting a business is an exciting, if not overwhelming, venture. Starting a business with another person doesn’t have to be daunting. We discuss what you should know before you enter a business partnership. Just follow these steps and you can enter a business partnership with confidence. Ensure your values and goals align The will to […]
13
Dec
Dec
You want to operate your business with less uncertainty and stress. A budget is a simple yet effective way to plan for your company’s future. When should you create a budget? This article discusses three common scenarios where budgets can be the most useful. When planning for the next year You may be asking yourself, […]
19
Oct
Oct
You trust your employees and want to help them in times of need. In some cases, that may mean extending to them a payroll advance. However, trust is a two-way street. While you want to be helpful, you also want to trust that your employees will pay you back. What is the best way to […]
16
Aug
Aug
When you work as an employee, things are simple; receive a paycheck and file your taxes at the end of the year. When you own a business, compensation becomes more complicated. How should you pay yourself as an owner? Let’s discuss four important questions to help you decide. What is your business type? Depending on […]
05
Jul
Jul
You make dozens of purchases from Amazon for your business. But tracking and organizing those purchases is often a challenge. After all, you can purchase almost anything from Amazon! You know there must be a better way to manage your Amazon purchases. Amazon offers a Business Edition. What is Amazon Business? Is it a better […]
07
Jun
Jun
Have you ever noticed that some transactions in your books are being categorized to a suspense account? Suspense accounts can be confusing. You may have questions such as: What is the purpose of this account? When do you use it? Why does it have a balance? We will discuss each of these questions one at […]
10
May
May
Understanding journal entries can be confusing. Your accountant or bookkeeper has probably let you know that these are essential for your accounting. Why do you need journal entries? What are the components of a journal entry? When would you use a journal entry? We will discuss these questions and provide examples of when journal entries […]
29
Mar
Mar
If you own a business, understanding accounting terms is not likely at the top of your list. It’s understandable; you may be juggling several responsibilities at once or simply do not have the time. Besides, if you pay an accountant or bookkeeper to manage your books, why do you need to know this stuff? A […]