What would happen to your business if you never set-up a budget — ever If you’re like a lot of small business owners, you’ve probably wondered why setting up a yearly budget is that important. Maybe you’ve decided that cash flow monitoring and forecasting is something you would rather put off for now. You’d rather...Read More
Last week focused on the key to being ready for unseen issues that arise; that is preparation and organization of your financial paperwork. Today, I would like to like to address what to do with that financial information and why it is vitally important to keep it organized. A financial program or app is a...Read More
The most dreaded 4 numbers in all of accounting would have to be 1-0-9-9. Most independent contractors and self-employed individuals are privy to these notorious IRS tax forms, however, small business owners may not be aware of their responsibilities for filing a 1099. The tax Form 1099-MISC is used by the IRS to track...Read More
Tis the season of giving! It is that time of year where you want to show your hard-working employees how much you appreciate them. However, what should you get them? The easiest and most common gift is money, but is it taxable? The answer is yes. What about the latest iPad? Still, yes. Almost...Read More
Expenses The first step of sticking to a Holiday budget is creating a list of all possible expenses. This would include anything as small as wrapping paper to the tree or travel expenses. It is not just about gifts, you have to think of the small stuff as well. Limit Depending...Read More
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