Every business owner needs to be vigilant about costs under normal circumstances. This is even more true this year given inflation. How do you cut costs in your business without reducing your productivity or hurting your business? Here are a few ideas. Reduce your office supply expenses Shopping around for better prices on office supplies […]
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Project Management is probably not a topic you might expect to be speaking with an accountant about, but maybe you should be. While many accountants don’t get involved in managing individual projects, the way you handle this task can have a significant impact om your business and profitability. That’s why we, as business advisors, discuss […]
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If you are like many entrepreneurs, you started your business with your own cash and “bootstrapped” your business. You may have thought about funding for your company from day one, but found that the barriers to obtaining funding are great, especially for companies that are just starting out, so you had no choice but to […]
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One of the activities small business owners delay most frequently is planning for their exit from the business. They feel that it’s too soon to plan an exit when they first start a business, then find additional reasons why the plan should be put off along the way. Planning ahead in this case is not […]
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It’s December and that means it’s time for you to make a few key moves before the new year begins if you have not already done them. Make Sure Your Bookkeeping is Updated and Accurate The very first item on your year-end accounting checklist should be making sure your bookkeeping records are updated. Year-end is […]
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Most people are aware of the 1099 forms that are required if they were paid as a contractor or consultant (i.e., not as an employee), received interest or dividends, or own a rental property. If you’ve been taking online or credit card payments for your business, you may also be familiar with the 1099-K, which […]
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I know I don’t have to tell you about the importance of cash flow or optimizing it. I speak with a lot of business owners and leaders, and one thing about cash flow optimization is clear: While they all know of its importance, their solutions for achieving positive cash flow vary in approach and effectiveness. […]
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It’s time to start planning for 2023, and before you know it, we will be talking about filing your 2022 taxes. Before you get involved in end of year planning, take a couple of minutes to ensure you have the right documents in place for that tax prep time. It will save you a headache […]
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Federal Income Tax is a pay-as-you-earn system of tax. Accurate calculation of the amount of tax withheld requires some basic information from the employee. They provide this information to you on IRS Form W4. In the past, the tax was calculated using withholding allowances, The value of a withholding allowance was tied to the amount […]
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As a business owner, you need to have a clear picture of your cash flow at all times. When you have a healthy cash flow, you’ll have the funds you need to invest in your business and grow over time. If your cash flow is negative, it could limit your ability to invest and grow. […]
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Five Ways to Cut Business Costs This YearJanuary 31, 2023/0 Comments -
Improve Profitability with Better Project Risk ManagementJanuary 17, 2023/
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Three Times You May Need Funding and How to Get ItJanuary 3, 2023/