As a business owner, you must be aware of everything that happens within your business. But, you are only one person, who can’t be watching over everyone all at the same time. There is simply too much to do. So, how do you protect your business from the one thing that could destroy it faster…
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Financial audits are an important part of any business. They help you determine how financially successful your company is. And they show financial details you may not currently be aware of. The main goal of a financial audit though is determining if your business has maintained its books properly. There are two types of audits…
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As a business owner, you spend your days wearing many hats. You may find yourself in meetings part of the day, talking about new products or services. Then you may be meeting potential clients, new clients, and recurring clients. Of course, add in purchasing office supplies, getting that broken piece of office equipment fixed, and…
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When people begin to think about starting a business, they often realize they need to create a business plan. However, those same people forget that developing a financial plan is just as crucial. Combining these two plans is a major blueprint to success. If you haven’t written a financial plan for your business, or even…
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Tax season may be over, but we both know that quarterly taxes and the next tax season isn’t too far away. If you barely survived this tax season, or even if you lived through it, there are a few things you may want to know for the future. I have created a list of accounting…
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As a business owner, the last thing you want to do is see your expenses higher than your income. Or to see your profits dwindle. Currently, inflation is at an all-time high, which means everyone has been paying more for just about anything. If you have seen higher costs in your business, you may be…
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As a business owner, your goal is to receive the money you bill out to clients as quickly as possible. Of course, your clients may try to hold onto their hard-earned money for as long as they can, which can result in paying you much later than you want. This issue may have you implementing…
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You may be currently scrambling to finish your business’s taxes for 2021. However, new guidelines have been released for 2022 and I want you to be prepared. After all, when it comes to deductions, you want to make sure you are claiming what you should for your business! Some of the changes, including tax credits,…
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Most people think that law firms must be profitable, because lawyers charge high fees for the work that they do. However, as a lawyer, you know that those higher fees are necessary to cover all of the costs for running your business. And paying yourself a wage that will allow you to pay off your…
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There are quite a few business tax changes that will affect your taxes for 2021. Some of them you will have heard about, while others may have slipped under your radar. Don’t worry if you haven’t kept up to date with all of the most recent tax changes, because we have you covered! We spend…
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