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While most people and business owners are busy going over their 2016 taxes, savvy planners are taking steps now to prepare for 2017 in order to help reduce their taxes going forward. As mentioned in the last article, loss harvesting is a good way to help reduce your 2016 taxes owed, but it can also[…]
Read MoreAccounting is a necessary component for running a financially sound nonprofit organization. Without it, a not-for-profit can find themselves in financial trouble very quickly, or worse, in trouble with the IRS. It’s imperative that their accounting department or accounting firm stay organized and up-to-date with, not only the daily business, but with the changes to[…]
Read MoreSmall business owners can sometimes find bookkeeping a daunting task when it comes to managing their business and feel that it takes away from their day-to-day business operations. However, successful business owners adopt certain practices and procedures to help them organize the mounting receipts, invoices, and paperwork in an effort to help them stay on[…]
Read MoreBeing an entrepreneur of a successful business is a great achievement. However, according to multiple business sources, about 90 percent of startups fail. There are many reasons why businesses fail, but there are also ways to help prevent the collapse of your business. Poor accounting is a major problem among many startups. Typically, this type of accounting leads[…]
Read MoreWhen first launching a small business, one key aspect of longterm success is financial stability and having a system in place for managing cash flow. Many small businesses now accept various forms of payment for products and services offered. As a small business owner, you should consider multiple payment options in order to gain more consumers[…]
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