26 August 2018
The key to having the success you want if you own a virtual or physical small business will rest in your profits. It's ideal to make a certain amount of money to allow you to remain in business and assist you in making an income. Keeping track of all the financial activity is one of the top ways to know precisely where you stand at all time. This means you may need to rely on the expertise of an accountant to help you with this task.
10 June 2018
Running a small business can be very time consuming but also very rewarding. One task that is extremely important is keeping track of finances and transactions. Many small business owners either don't have bookkeeping skills or don't have the time to take care of bookkeeping. In most cases, the best thing to do is hire a competent bookkeeper to handle all of the bookkeeping for your business. If you're a small business owner, use the following tips to hire the right bookkeeper.
3 April 2018
When it comes to freelancing, the financial future doesn't sound as promising as it does for those working at a corporation. A financial planner could help you, the freelancer, build a better and more stable future. Deciding to go freelancing isn't for everyone. It involves managing the time, being organized, and always being ready to face different kind of impediments. It may be tough, when doing freelance work, to find clients.
20 January 2017
As a small business owner, you are a very busy running your own company. When a mistake occurs, it can cost you big time. In many cases, small businesses can't afford mistakes—even if they are just small ones. Each and every dollar made needs to go to the growth of the business rather than repairing slip-ups. For that reason, it is important that you avoid costly mistakes that are often made throughout the payroll process.
29 December 2016
Rolling budgets are an interesting option for small businesses to consider. Here are some things to note about this practice. What Is a Rolling Budget? A rolling budget is a continuously evolving budget that changes each month. It always includes the upcoming 12 months, no matter what month you're currently in. Say it's July. Your budget would include the time from this July to next June. Once July is over, you would drop it from your budget and add the following July onto the end of your budget.
18 November 2016
Did you hire someone to handle the accounting for your business and it ended up being a disaster? It is a good idea to leave everything concerning your business finances in the hands of a professional that you can trust. You might want to consider the expertise of a certified public accountant (CPA). Take a look at this article for answers to questions that you might have concerning the services of a CPA.
14 October 2016
If you are not comfortable preparing your own tax return, it is important that you get the proper help for your situation. You may be able to do the taxes with the help of an online tax company for free, or have a friend or family member help with the filing. However, there are also good reasons to pay a professional to complete the job for you, especially if you had new circumstances in your finances during the past year.
14 September 2016
Many college students are eligible for one or more tax benefits based on costs paid for tuition and books. The American opportunity credit is generally acknowledged as the most valuable deduction for undergraduate education costs. Eligible students should be aware of a few legislative changes made to the American opportunity credit that affect tax returns in 2016 and beyond. The most obvious change is that the American opportunity credit (AOC) is now a permanent part of the tax code.
25 July 2016
When you run a small business, the difference between losing money and being profitable can be extremely minor. As such, it's important to hire the right accountant to look after your books instead of attempt to do it on your own with accounting software. The more expenses that the account can write off on your behalf, for example, the more money you'll end up keeping at the each of each business quarter.
6 June 2016
As the owner of your own small business, you may have been able to successfully manage your own money thanks to software programs, such as Quickbooks, even with a lack of financial experience. However, there may come a time when this lack of experience hurts you, such as when your business really starts to grow. When this happens, it may be time to turn to an expert in accounting. Here are five signs that you should consider reaching out to a professional: