Have you ever heard the phrase, "cash is king?" It's a popular phrase that goes around the business world meaning cash is everything - the most important part of your business. My question is if cash is king, where is his queen? What does this motif say about acquiring healthy cash flow and business [...]
Cashflow is the reason many businesses don’t make it, so it ends up being ignored when we talk about our businesses. According to Score.org, “82% of small businesses fail due to cash flow problems.” If you are struggling with cash flow as a Tucson business, I hope you can rest assured you are not alone. [...]
Did you know that diversifying your income will bring consistent cashflow? Diversifying the way you show up in the client's eye is a surefire way to bring in new and unique businesses in Phoenix, AZ and beyond. Diversifying your income will help you feel more secure in the current times. Having multiple streams of [...]
Here are some quick facts on the PPP Flexibility Act forgiveness! You don't want to miss this info: 1. PPP borrowers can choose to extend the eligible period from 8 to 24 weeks from the date of the loan's origination (or December 31, 2020, whichever comes earlier). They can also keep the original 8-week [...]
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 [...]
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 [...]
Outsourced Accounting Many small businesses choose to operate their accounting services on their own rather than hiring an outsourced accountant. What they don’t know is outsourcing these services might be the very thing that pushes their business to the next level. Having an in-house accounting department is not something many businesses can afford to [...]
If you are thinking of acquiring another company, there are quite a few factors that you must consider in your decision making. The best way to consider all factors and elements of your business is by conducting due diligence. This is your way of finding out the health of the company; is it really [...]
