Tax codes are in constant flux. With all the proposals and laws state, city, and federal legislatures present, debate, and enact each year (Florida has produced more than 130 new laws this year alone), the average person would need to make a full-time job of reading the news just to keep up. Luckily, a person…
Maintaining a high credit score is as important for a business as it is for an individual. And as many small business owners know all too well, if a company doesn’t have good credit, it can be extremely difficult to obtain loans or negotiate favorable rates and terms on financing agreements. Plus, entrepreneurs who separate…
Nearly every entrepreneur experiences a period in their business’s life cycle when money is tight and they are struggling to keep the doors open. Whether you are just getting your start-up off the ground or an established business owner proactively looking to be more cost-conscious, operating with a thrifty mind-set can save your company thousands…
Running a small business is an all-encompassing enterprise. For business owners who manage their own accounting functions in addition to the day-to-day operation, an orderly system with a well-thought-out schedule is essential to keeping a company’s finances in order. While big tasks like recording transactions are hard to overlook, others can slide off the radar…
When a small business is in its early stages, most owners are primarily concerned with breaking even on their investment, then turning a profit and eventually increasing the profit margin. It might seem overzealous to even think about setting money aside for future expansion. But the time to budget for growth is always now, because…
For small business owners who want to manage their accounting processes in-house, the wide range of reputable software programs on the market is both a blessing and a curse. But the right business accounting software can simplify your bookkeeping tasks while providing truly insightful information about your business’s financial performance by division or product, future…
As the year comes to a close, and small businesses wrap up their budget planning for the next 12 months, taxes are often the next big task on small business owners’ horizons. But there is a crucial step to remember before putting the 2015 accounts to rest (one that will make tax planning infinitely easier):…
The major March and April tax deadlines might seem like distant ships on the horizon, but for wise small business owners, the end of the year is prime time for tax planning. Why? Because depending on the success your business has had this year and the success you anticipate having in the next, there are…
Starting and heading up your own business can be challenging, to put it mildly. From deciphering legal jargon and obtaining all the necessary permits and licenses to hiring the right talent and managing operations, new entrepreneurs need all the support they can get. So to help relieve some of the pressure that comes with starting…
All business leaders begin their endeavors with the best intentions. But the tough reality is that not all businesses succeed. They can fail for any number of reasons: subpar management, poor execution, or maybe they simply had bad timing. But some entities that should succeed fail because they encounter financial hardship. It is rare for…
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