Are you ready for some Mid-year tax planning? It's important to have your taxes in mind at all parts of the year, but the mid-point is a great time to evaluate everything and see how you're doing. Mid-year tax planning is a great way to make sure you are in compliance and will help [...]
Business owners are often wondering how they are going to create success in their business. With all of the responsibilities of business owners, it can be easy to fall into bad habits. Here are 7 things business owners need to stop doing to create success in their businesses. Create Success by Setting Your Priorities [...]
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 [...]
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 [...]
Do you usually end the month wishing you had more money to put into bonuses, marketing, or even client freebies? It seems like there just isn’t enough money to do all of the things you want to do; but the thing is, there’s plenty! Creating a budget allows you to guide your money properly [...]
The world has become more and more digital, which has made cryptocurrencies all of the rage. Cryptocurrencies are generally utilized for transactions by techies and have a comparable value in real currency or replace real currency. These virtual currencies can be purchased with or exchanged into U.S. dollars, euros, and other real or virtual [...]
The new tax law has changed many things about our lives, and medical deductions is one of them. The new law’s final version kept the itemized deduction for medical expenses, and it lowered the adjusted gross income (AGI) limitation from 10% to 7.5% for 2017 and 2018. Here is where it gets a little [...]
Have you ever been left with money at the end of the month, quarter, or year, and wondered what to do with it? Certainly putting it away for a rainy day is a great use of the money, but if your rainy day fund is already plump and you want to find a good way [...]
“Don’t fear failure, fear being in the exact same place next year as you are today” (Unknown) This is a quote that really encapsulates everything we want to remember throughout the entire year. We are a firm that focuses on growth in ourselves, and especially in our clients. We know from experience that it isn’t [...]
One area where most small business owners can improve their cash flow is in billings and collections. Keeping healthy cashflow is absolutely necessary to maintain a financially secure business. Here are some of our best practices we implement to ensure the health of our own business: Get it right: One legitimate reason for non-payment is a [...]
