Every business owner will experience financial hardship at one point or another. Financial hardship in your business can happen for many reasons, some out of your control, and some in your control. Cashflow is usually the first problem that comes up in financial hardship, so we wanted to offer advice for anyone who might [...]
Does talking about money, finances, and accounting make you cringe? These subjects can absolutely be hard to navigate, especially as a brand new business. There are many reasons to set up your accounting early. The fear factor surrounding it is at the top of the list. Many business owners let the fear of the [...]
We will be the first to admit that it isn't easy to delegate and trust others with your money and business. Having a healthy relationship with your outsourced accountant is paramount in the success you will find together. Here are some tips to help you along with developing a healthy working relationship between you [...]
In the beginning process, there are a lot of parts of business ownership that can be easily forgotten. Don’t let taxes be one of those forgotten elements! Here are SIX important tax procedures to keep in mind as you start your business. Keep good records of your purchases and statements before it comes time [...]
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 [...]
When you’re working in the business world, it is imperative that you are able to manage and access your data at all times. Cloud accounting makes that possible. Without cloud accounting, your data can only be accessed from one point: where you saved it. With cloud accounting, you can access your data from anywhere [...]
In a previous post, we discussed who gets a 1099, and now you need to know how to fill out a 1099. Documents like this can be intimidating at first glance, but when you break them down it is quite simple. Here is our guide, box by box, of how to fill out a [...]
Every business owner’s favorite question is: “How can I make more money now?” There are many ways you can use your wealth of knowledge as a tool to bring in more revenue for your business without using a ton of time and money in the process. Here are 5 quick ways to up your [...]
1099's have proven to be a point of confusion for many clients, so we’ve compiled a list of all the people you need to send a 1099 as a point of reference. Feel free to use this blog as a reference as your prepare to send these out in just a few short months. [...]
