The 4th quarter is a pivotal time for fast-food franchise owners, marking not only the end of the year but also the beginning of the bustling holiday season. As we transition into this period, financial preparedness is crucial. From understanding industry-specific trends to managing cash flow and setting new goals, planning ahead will pave the…
September marks the beginning of a critical period for tax planning, particularly for attorneys and legal professionals. With the end of the financial year on the horizon, now is the time to strategize and take action to ensure you’re maximizing your tax benefits. Understanding the unique deductions available, maintaining accurate bookkeeping, and leveraging specialized accounting…
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…
As a business owner, you must have a general idea of what you want your sales goals to be. Maybe you want a six-figure month. Maybe you want to hit a milestone with the number of customers you serve in one day. But where did you come up with that goal? Did it pop into…
Every restaurant seems to have a month or two every year where they experience a slowdown. Customers stop arriving in droves, employees have a chance to breathe a little more than usual, and you may not have your usual high revenues. Thankfully, there are many things you can do to prepare for those summer months,…
As a business owner, you work hard. You spend hours every day bringing clients in the door, training your employees, creating new services, and even paying the bills. Since you are spending so much time on your business, I am sure you want to see a paycheck at the end of the week just like…
Are you currently a business owner? Or you want to open your own business? Well, as a business owner, you must be prepared to tackle all of those tax related issues. We are talking employment taxes, self-employment taxes, and state business taxes. Oh, and let’s not forget about collecting sales tax! Getting started on all…
Managing your finances is one of the most important business functions for your company. It’s no exaggeration to say that money management can literally make or break your business. At the same time, financial management is one of the biggest challenges a business owner faces. It’s one that you simply must get right, or your…
Businesses must maintain accurate and reliable financial records for many reasons. These reasons include payroll, taxes, profit/loss data, etc. Small business owners shouldn’t attempt to maintain these records independently because it can be difficult and time-consuming. That is why you should use an accountant and bookkeeper to maintain your company’s financial records. Do you know…
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 with potential clients, new clients, and recurring clients. Add in one-time tasks like purchasing office supplies, getting that broken piece of office equipment…