Businesses frequently face situations that call for a reduction in costs. This may come about as a result of external factors beyond your control (e.g. a downturn in the economy), or may simply become relevant following a regular budgetary review. It’s easy to get...
With tax season looming on the horizon, it’s important to prepare your business finances to make filing as streamlined as possible. To set yourself up for success, you’ll need to know exactly what revenue you should be taxed on and which revenue shouldn’t be. This is...
It’s always frustrating when a client doesn’t fulfill an invoice by its due date. Invoices remaining unpaid can affect your ability to sustain your business financially. However, an invoice being one or two weeks past due doesn’t necessarily mean the client is...
For many small business owners, tax time may seem burdensome and overwhelming. Incomplete records, uncategorized expenses, and limited time to file tax paperwork all add to the anxiety, leaving them frazzled. And the IRS doesn’t make it easy on you. There are hundreds...
Managing your accounting records is essential to running a business. Smart business owners use dedicated bank accounts for their businesses to know all the transactions that should appear in their bank statements. But that’s not all—they also carve out time to...
Here’s the truth. Being lazy about your taxes can be catastrophic as a business owner or even an individual. And one area of tax regulation that’s particularly unforgiving of mistakes is payroll taxes. Missing some due dates by as little as 30 days could cost a small...
