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…
When you started your business, one of the highest priority items on your to-do list was probably payroll. After all, you had employees to pay, and you knew you had to pay them. So, as long as you had the money, you were good to go! However, at that time, you may not have been…
When you opened your law firm, you may not have expected to have any slow seasons. After all, everyone needs lawyers, right?? Well, it appears that even lawyers have a slower time of the year. Your law firm’s slow season will be dependent on the type of law you are focusing on. So, you may…
How are you currently dealing with your small business finances? Do you simply let all of the paperwork pile up until you have no choice but to deal with it? Or are you the type of person who tackles bill paying each and every day before shoving the paperwork into a box until the end…
As a law firm, your clients are the backbone of your business. Therefore, it’s important to not only acquire new clients but to also focus on increasing the lifetime value of your existing ones. In this blog post, we will discuss how you can increase the lifetime value of your clients, which in turn can…
As a restaurant franchise owner, you’re constantly looking for ways to increase revenue and grow your business. After all, you didn’t open your business to work for free! With the next quarter approaching, now is the perfect time to implement some strategies to boost your sales and attract more customers. Most of these strategies won’t…
When you run a business, there are certain reports you need to understand how to read. One of the most important reports is a profit and loss statement. This is sometimes also called a P & L statement. Basically, this statement shares lots of information you must know about your business. It is one of…
Are you currently a business owner? Or do 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 about employment taxes, self-employment taxes, and state business taxes. Oh, and let’s not forget about collecting sales tax! Getting started on…
As your small business grows, you will accumulate more financial transactions and documents. Don’t continue to manage your company’s books and recordkeeping independently because you’ll just stress yourself out. A responsible business owner understands the benefit and value of hiring a bookkeeper to maintain their company’s financial records for them. That way, the business owner…