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To Be A Powerful Entrepreneur, Cultivate These 6 Mental Habits

BY Tami Brehse IN Profitability ON Jan 18, 2018 WITH Be the First to Leave a Comment!

Mind over matter.

Where there’s a will there’s a way.

If you can dream it, you can do it.

They’re sayings you’ve heard over and over again, and they all have one thing in common: the power of a determined mind. 

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Start the New Year With a Clean Chart of Accounts

BY Eddy Hood IN Small Business Accounting ON Jan 16, 2018 WITH 1 Comment

 

 

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When people think about New Year resolutions, “tidying up the books” may not be the first thing that comes to mind. However, if you want to take your small business to new heights this year and beyond, this is exactly where you should start. More specifically, ensuring that your Chart of Accounts is well-organized should be a priority for any small business that wants to stay financially healthy throughout the year.

 

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Build Your Dream Team: Hiring For Growth and Profit

BY Tami Brehse IN Profitability, hiring ON Jan 11, 2018 WITH Be the First to Leave a Comment!

When you’re an entrepreneur, it can feel like you’re an army of one. You’re the leader, the captain of the ship. But you’re also the chief innovator, strategizer, salesman extraordinaire and signer of paychecks.

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Pros Vs. Cons: Switching to a New Accounting Firm

BY Eddy Hood IN Small Business Accounting ON Jan 09, 2018 WITH Be the First to Leave a Comment!

 

 

 

It goes without saying that your accountant should have a keen understanding of who pays you, who you pay and how to maximize your returns on investments. Because your accountant is so intimately involved in assisting with your financial decision-making needs, the relationship should be one that is built on a foundation of trust and transparency. However, sometimes when that level of comfort no longer exists, it may be time to move on.

 

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How To Stay Inspired By Setting Unrealistic Goals

BY Tami Brehse IN inspiration, goals ON Jan 04, 2018 WITH Be the First to Leave a Comment!

“People will kill you over time, and how they'll kill you is with tiny, harmless phrases, like be realistic.”

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14 Questions to Ask Yourself When Shopping for A New Accountant

BY Eddy Hood IN Outsourced Accounting Services ON Jan 02, 2018 WITH Be the First to Leave a Comment!

 

 

 

The relationship with your accountant is one of the most important for business success. He or she is the person you rely on to help you make informed decisions that can change the direction of your business. But what happens when you lose confidence in your accountant? Maybe they are no longer as responsive to your questions or they are distracted with other clients.

 

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13 Social Media Tools To Make Your Life Easier

BY Tami Brehse IN tools, business tools, social media ON Dec 28, 2017 WITH 1 Comment

Social media is ever-evolving. The strategies that worked two years ago are now outdated, and if you don’t adapt you’ll quickly fall behind.

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How to Decide Between Buying or Leasing Equipment

BY Eddy Hood IN Small Business Accounting ON Dec 26, 2017 WITH 3Comments

 

 

Choosing equipment for your small business can be equal parts exciting and stressful.

Apart from selecting the right type of equipment, there are many considerations to make when choosing between leasing and buying equipment that affect your small business accounting needs. These include upfront costs, maintenance costs and of course, tax implications.

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Critical Business Metrics Every Entrepreneur Should Be Measuring

BY Tami Brehse IN business tools, business metrics ON Dec 21, 2017 WITH Be the First to Leave a Comment!

There are a few measurements in life you always keep an eye on. The level of gas in your car. The temperature outside. The amount of coffee left in the cabinet. Knowing these measurements helps you keep your life running smoothly; you’ll never run out of gas unexpectedly, get caught in a cold front without a coat or be forced to spend the morning as a caffeine-free zombie.

In the same way, your business also has a number of important metrics known as KPIs—key performance indicators—that gauge the health and financial position of the company.

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How To File for Tax Exempt Status

BY Eddy Hood IN Outsourced Accounting Services ON Dec 19, 2017 WITH Be the First to Leave a Comment!

 

 

Federal income taxes are inevitable for most businesses. However, nonprofit organizations -- those that exist primarily to improve society and provide specific services to the public, can apply to the IRS for tax exempt status using the steps outlined in this post.

 

Once you establish your organization as tax exempt, you may need then the help of outsourced accounting services in order to meet regulatory reporting requirements.

 

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