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Small Business Tax Preparation for Independent Contractors

BY Eddy Hood IN Small Business Accounting ON Oct 17, 2017 WITH Be the First to Leave a Comment!

 


Today there are more freelancers or independent contractors working in the U.S. than ever before. The advent of this “freelance economy” offers many benefits such as flexibility and cost savings, allowing business leaders to focus on growing their operations. At the same time, choosing to hire freelancers can present unique challenges such as compliance concerns, potential legal issues and of course tax implications.

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The Defining Qualities of a Great Leader and How to Cultivate Them in Yourself

BY Tami Brehse IN Great leaders ON Oct 16, 2017 WITH Be the First to Leave a Comment!

What are the qualities of a great leader? Well, it depends on who you ask.

Some employees might value a boss who makes them feel empowered, while a CEO might prefer a manager who’s always got their eye on the bottom line.

But true leadership—the kind that can inspire disruptive change and motivate teams to move mountains—is more than just a matter of opinion. All great leaders share certain defining qualities that help them see a future that’s different from the present, act on that vision, and inspire others to come along for the ride.

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How Great Leaders Overcome The Fear Of Failure

BY Tami Brehse IN Great leaders ON Oct 16, 2017 WITH Be the First to Leave a Comment!

Most great leaders suffer from atychiphobia. No, it’s some fatal medical condition, but it can feel almost as debilitating. It’s the fear of failure, and it’s something all of us must overcome if we want to make a lasting, meaningful impact on the world.

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Small Business Accounting: How to Calculate Key Financial Ratios

BY Eddy Hood IN Small Business Accounting ON Oct 09, 2017 WITH Be the First to Leave a Comment!

When it comes to small business accounting, there’s a lot you need to know in order to make the most informed financial decisions. One of the best places to start is to understand the calculation of key financial ratios and their interpretation. Before we dive into the key ratios, let’s do a quick refresher on three key financial statements: the balance sheet, income statement and statement of cash flow.

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Tutorial: Automated Business Tools like Online Bookkeeping

BY Eddy Hood IN Online Bookkeeping ON Oct 02, 2017 WITH 1 Comment

Business usually starts with recognizing a gap in the market and a passion to help people by filling that gap. After creating prototype after prototype, pouring over the details of your business plan and haggling with vendors over the cost of the necessary materials, you definitely want to start seeing a profit.


The good news is 75% of new businesses make through their first year and 69% make it to the two year mark. While these statistics do offer some comfort, why not better your odds with automated systems to take care of all the heavy lifting.

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Work Faster, Smarter and Happier By Embracing Automation

BY Tami Brehse IN Productivity, Profitability ON Sep 28, 2017 WITH 1 Comment

The robots are coming.

No, they’re not the machine-gun-wielding, mankind-exterminating variety a la The Terminator. Instead, they represent a modern class of machines and systems designed to streamline processes, save time and ultimately, reduce costs, and they’re expected to comprise a $1.5 billion consumer and business market by 2019.

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How To Build An Addictive Brand Using The Psychology Of Anticipation

BY Tami Brehse IN Profitability ON Sep 27, 2017 WITH 1 Comment

Think for a moment about your favorite indulgent food. It might be a cheesy slice of pizza or a decadent piece of chocolate cake. Just picturing it is enough to get your mouth watering, right?

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How to Create a Chart of Accounts for online bookkeeping

BY Eddy Hood IN Online Bookkeeping ON Sep 26, 2017 WITH 1 Comment

If you are a small business owner, then you know there’s a lot to keep track of. And sometimes it can be hard to know where to begin. That’s where a Chart of Accounts comes in.

A Chart of Accounts (COA) is a complete listing of every account in a business’s accounting system. Accounts come in various types to reflect money spent or earned in addition to assets owned or amounts owed to a creditor. The Chart of Accounts is an excellent a way to record all of these transactions for income, expenses, or liabilities.

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31 #MondayMotivation Quotes To Kick Start Your Week

BY Tami Brehse IN Productivity, Profitability ON Sep 25, 2017 WITH 1 Comment

Mondays get a bad rap, but for entrepreneurs they should be like lighter fluid, igniting the flame to power through a new week of progress.

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5 Things To Remember When It Feels Like Success Isn’t Happening Fast Enough

BY Tami Brehse IN Profitability ON Sep 21, 2017 WITH 1 Comment

We all want to be successful. We all can be successful. But we can’t all be successful overnight.

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