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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It has been quite the busy year when it comes to tax changes. While everyone will have a tax change that affects them, as a small business owner, you need to be aware of a few different changes that will affect your business’s taxes. The bad news about these changes is you may have been…
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Every year, there are changes to the tax laws. 2021 was no different and if you were too busy growing your business, you probably didn’t have the chance to keep up with them all. Thankfully, we make these tax changes part of our daily tasks, so we are aware of how each tax change will…
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How does it look when you tackle the finances for your business? Do you do a little each day? Or do you wait until the bills pile up and you need to pay them before the late statements roll in? And once you do tackle all of those bills, do you pile the receipts up…
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