Category Archives: Business Tips

5 Fall Projects to Refresh Your Financial Results

As we move into the fall season and the final quarter of the year, it’s a perfect time to commit to a project in your business that will help you reach the year’s end in better shape.  Here are 5 … Continue reading

Posted in Accounting, Bookkeeping Tips, Business Tips, Cost-Savings Tips, Management Tips, Payroll Tips, Profitability Tips, Tax Tips, Tax-Planning Tips, Time Management Tips | Leave a comment

Budgeting Breakthrough

When you hear the word “budget,” what do you think about?  Most people would say something similar to “Ugghh!” If you would rather do just about anything besides create a budget, you’re not alone.  The word “budget” brings up connotations … Continue reading

Posted in Accounting, Bookkeeping Tips, Business Tips, Cost-Savings Tips, Management Tips, Profitability Tips | Leave a comment

Need an A/R Makeover?  A Quick 5 Item Best-Practice Checklist

Technology has allowed businesses to make substantial improvements in their customer invoicing processes.  The good news is that when you implement these technologies, you will almost always get paid much faster. If it’s been a few years since the last … Continue reading

Posted in Accounting, Bookkeeping Tips, Business Tips, Computer Tips, Management Tips, Profitability Tips, Quickbooks, Time Management Tips | Leave a comment

5 Fun Things to Add to Your Invoices

When it comes to marketing, the company invoice might be the last thing you’d think about.  But think again:  it’s a great place to make every attempt to get paid faster and have your customer coming back for more services … Continue reading

Posted in Accounting, Bookkeeping Tips, Business Tips, Profitability Tips, Quickbooks | Leave a comment

Did You Collect the Needed W-9s?

Article Highlights: The IRS Form W-9 is used to obtain independent contractors’ tax ID numbers. Tax ID numbers are required when filing 1099s. 1099-MISCs must be issued to independent contractors that are paid $600 or more during the year for … Continue reading

Posted in Bookkeeping Tips, Business Tips, Cost-Savings Tips, Management Tips, Payroll Tips, Profitability Tips, Tax Tips, Tax-Planning Tips, Time Management Tips | Leave a comment

9 Tips All Business Owners Should Follow

Business owners are experts in their industry. You know your products and services well – better than the competition. You know how to reach those customers, too. But, managing what’s behind the scenes isn’t always as easy. With the right … Continue reading

Posted in Accounting, Bookkeeping Tips, Business Tips, Cost-Savings Tips, Management Tips, Profitability Tips, Tax Tips, Tax-Planning Tips | Leave a comment

Tax Breaks for Hiring Your Children in Your Family Business

Article Highlights: Child Under the Age of 19 or a Student Under the Age of 24 Kiddie Tax Tax on a Child’s Earned Income Deduction for the Business Employment Taxes IRAs and Retirement Plans You might consider hiring your children … Continue reading

Posted in Business Tips, Cost-Savings Tips, Payroll Tips, Profitability Tips, Tax-Planning Tips | Leave a comment

Top 4 Mistakes By Small Business Owners

Article Highlights:  Reporting employees as independent contractors Not reconciling bank accounts regularly Forgetting to record payments against open invoices Not understanding the differences between cash flow and profit When you decided to open for business, you had a vision for … Continue reading

Posted in Accounting, Bookkeeping Tips, Business Tips, Computer Tips, Cost-Savings Tips, Management Tips, Payroll Tips, Profitability Tips, Quickbooks, Tax-Planning Tips, Time Management Tips | Leave a comment

New Business? 1st Year Deduction Strategies

Article Highlights: Equipment Depreciation & Expensing Opportunities Vehicle Luxury Auto Rules Leasehold Improvement Expense Options Start-Up Cost Elections Organizational Expense Alternatives If you are planning a new business start-up and are incurring some expenses, you probably anticipate deducting those expenses … Continue reading

Posted in Business Tips, Cost-Savings Tips, Tax-Planning Tips | Leave a comment

Starting a New Business

Anyone starting a new business should be aware of his or her federal tax responsibilities. Here are several things you should know if you plan on opening a new business this year. First, you must decide what type of business … Continue reading

Posted in Accounting, Bookkeeping Tips, Business Tips, Management Tips, Profitability Tips, Tax-Planning Tips, Time Management Tips | Leave a comment