Business Finance & Taxes

small-business-cash-flow-(2)Cash is King: 5 Steps to Improve Business Cash Flow

For most businesses, cash is king. Finding ways to optimize the flow of money through your business is essential… continue reading→

small-business-budgetsNeed to Create a Business Budget?

Budgeting just might be the most hated concept in finance. It’s certainly the one we all love to avoid. We may know it’s the right thing to do, but …continue reading→

avoiding-small-business-Cash-flow-problemsMaking a Profit, but Can’t Pay Your Bills?

Doesn’t sound right does it? But this scenario often happens in small businesses and the problem can sneak up on a business owner pretty easily…continue reading

Tax record retentionHow Long Should You Keep Business Tax Records?

Do you have boxes full of old tax records? You’re probably thinking of trashing those old records come spring cleaning time. continue reading→

health insurance tax creditTake Advantage of the Small Business Health Care Tax Credit

Interested in a tax credit for up to 50% of the cost of your small business health insurance premiums? continue reading→

business expense deductions5 Things You Need to Know About Deducting Business Entertainment Expenses

Deductions for business entertainment expenses can be confusing and are often audited. So before you start booking a “business” vacation in the Bahamas… continue reading→

small-business-tax-planning-(2)Find Taxes Inordinantly Taxing? Take These Steps to Make it Easier

When asked to name the one aspect of their business they find least appealing, business owners invariably choose ‘taxes’; not just paying them, but everything that goes along with them… continue reading→

home-office-tax-deductions-(2)What Are the Most Common Home Office Tax Deduction Mistakes?

The home office tax deduction is a special deduction offered to self-employed individuals or employees who use their home for business. In order to claim a deduction an individual must use part of his/her home as a business office… continue reading→

IRS Form 1099KWhat is a Form 1099K?

Form 1099K is the IRS’ way of tracking payments made through third-party credit card processers and payment systems like PayPal, Amazon & Google. These are relatively new forms and it’s important to make certain that you… continue reading→

small-business-auto-deductionsDeducting Business Auto Expenses

 Running a business keeps you very busy, which is why some kinds of necessary tax documentation tends to be inadequate or get lost easily. Business auto expenses are one area that is an important deduction… continue reading→

insurance coverageSure, You’re Insured…But Does Your Policy Really Protect Your Business?

Business owners, by their nature, are creatures of optimism. The last thing that business owners want to think about is what can go wrong. Unfortunately, in the real world… continue reading→

small-business-financial-planningBusiness Financial Planning

If you want to knock it out of the park business-wise , you need to focus on long term planning at least once a year… continue reading→

small-business-tax-planningHow Does Depreciation Affect Business Taxes?

People are often confused by depreciation. When you purchase a capital asset in business (e.g., computer servers, furniture, buildings, etc.) it has what’s known as a “useful life”, which means that it wears out or becomes obsolete over time… continue reading→

TaxCompiled, Reviewed, or Audited Financial Statements—What’s the Difference?

This may seem like a confusing question, but the differences between an Audit, a Review and a Compilation are easy to understand once you break each one down… continue reading→

cash-or-accrual-accounitngCash or Accrual Accounting?

When you’re setting up your accounting system, one of the choices you’ll have to make is whether you’ll use cash basis or accrual basis accounting… continue reading→

small-business-accountingTime is Money. 5 Ways to Keep Your Bookkeeping & Accounting on TrackMost small businesses begin with very rudimentary accounting procedures, done on a do-it-yourself basis. Options run the

 gamut from paper records… continue reading→

small-business-cash-Flow-planningUnderstanding Liquidity

The news has been full of headlines regarding the liquidity of the financial markets lately, but what about your business’ liquidity? This is a critically important concept for business owners… continue reading→

small-business-financial-ratiosManaging with Financial Ratios

A review of your financial statements (Profit and Loss, Balance Sheet and Cash Flow) gives you valuable information about how well your business is doing. But it isn’t the whole story… continue reading→

personal vs business expensesPersonal or Professional? Keep Your Records Straight

Keeping your business records well organized is an important, but often time consuming practice. Busy professionals often tend to make filing paperwork and tracking receipts a bottom-of-the-to-do list item… continue reading→

small-business-owner-asset-protectionAsset Protection: 5 Possible Techniques

Business owners who have acquired a lot of personal assets face the possibility of having their assets targeted by creditors who want to resolve a business liability… continue reading→

ecommerce selling onlineThinking of Selling Online? What You Need to Know about Sales Tax

The internet has spawned a burgeoning sector of the retail industry that has consumers spending billions, states losing billions in sales tax revenue and brick-and-mortar retailers crying foul… continue reading→

small-business-loan-applicationApplying for a Bank Business Loan

It was always difficult for small businesses to get bank funding and it is even harder in the aftermath of the financial crisis. Banks seem to be moving overly cautiously… continue reading→

small-business-debt-(2)5 Ways to Tell Good Debt from Bad Debt

Most of us begin incurring debt as soon as we are 18. Whether it is for student loans or credit cards or car loans, we tend to

 sign on the bottom line with alacrity. From that point on… continue reading→

small-business-debtUsing Credit Cards as a Financing Tool? Tread Carefully.

Most business start-ups can’t get to the starting line without some sort of financing. While there are many ways entrepreneurs can finance their ventures, credit cards are used in many cases… continue reading→

Credit cardsAccepting Credit Cards? 5 Questions to Ask Before Choosing a Merchant Services ProviderThe internet has evened the playing field for small businesses that want to compete effectively. As more and more purchases are made through online retailers, a business needs to accept credit card payments… continue reading→

credit-scores-and-small-business-lendingIs Your Credit Score Costing You Money?

Credit scores can help or hamper you in business and life. Building a good one is important and re-building a good one after some type of financial reversal… continue reading→

small-business-health-care-tax-credit-(2)How Does the Small Business Health Care Tax Credit Work?

 Are you taking advantage of the Small Business Health Care Tax Credit? This tax credit was first instituted in 2010… continue reading→