Skip to content The Mid-Year Business Financial Checkup: What to Review Now A mid-year financial checkup is a great way to assess your business’s financial health, identify potential issues, and make necessary adjustments before year-end. Use this checklist to review key areas of…
Budgeting for Uncertain Times: Strategies to Stay Financially Secure Economic uncertainty can arise from various factors, including market downturns, inflation, supply chain disruptions, or unexpected business expenses. For small business owners, having a strong financial plan can mean the difference…
Payroll Headaches? Here’s How to Simplify the Process Managing payroll is one of the most critical yet challenging tasks for small business owners. From tracking employee hours to ensuring compliance with tax laws, payroll can quickly become overwhelming. However, by…
Breaking Down Payroll Deductions: What Business Owners Need to Know Payroll deductions can be complex, but understanding them is essential for business owners to remain compliant and ensure employees are paid accurately. In this guide, we’ll break down each type…
Declutter Your Business Finances: Tips for a Stress-Free Money System Running a small business is challenging enough without the added stress of disorganized finances. When your financial records are cluttered, it can lead to cash flow problems, missed tax deductions,…
Chart of Accounts 101: The Blueprint for Financial Clarity A well-structured Chart of Accounts (COA) is the foundation of any solid accounting system. It categorizes financial transactions in a way that makes it easy to track income, expenses, assets, and…
The Best Accounting & Bookkeeping Practices to Implement Next Year As the new year approaches, it’s time to evaluate your financial management strategies and set your business up for success. Proper accounting and bookkeeping practices ensure that your business remains…
Avoiding Cash Flow Nightmares: Common Pitfalls & How to Fix Them Ever wondered why your business struggles with cash flow, even when sales are strong? Many business owners fall into common cash flow traps that can lead to financial instability.…
Cash Flow Mastery: Keeping Your Business Financially Healthy Cash flow is the lifeblood of any business. Even profitable businesses can struggle if they don’t manage cash flow effectively. Running out of cash is one of the biggest reasons small businesses…
Nexus, Schmexus: Breaking Down Tax Jargon for Small Biz Sales tax nexus is a critical concept for businesses selling goods or services across state lines. Whether you’re a brick-and-mortar retailer, an e-commerce business, or a service provider, understanding sales tax…
Recordkeeping and Remitting: Conquering Sales Tax Like a Pro Sales and use tax can be a tricky topic for small business owners, but it’s essential to stay informed and compliant. In this article, we’ll cover the basics of sales and…
1099 Discussion Understanding IRS 1099 Documents: A Guide for Taxpayers and Businesses As tax season approaches, one of the most important things to understand for both businesses and individuals is the IRS Form 1099. This form is crucial for reporting…
Independent Contractor vs Employee The Importance of Properly Classifying a Worker as an Employee or Contractor When hiring workers for your business, one of the most important decisions you’ll make is whether to classify them as an employee or an…
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