Businesses thrive when they have a way to ensure that the efforts they put into their practices are likely to strike a chord with their target audiences. This was and to some degree, still remains one of the most effective ways to guarantee the success of any business. After all, isn’t giving the customers what […]
The Advantages of Using a CRM Read More »
It’s no one’s favorite time of the year. After the New Year, many small business owners start anticipating the dreaded end of the fiscal year, also known as tax season. And while finding the money to pay Uncle Sam can be tough for the cash-strapped small business owner, there are some ways to minimize the
Top 10 Tax Deductions for Self Employed Read More »
If you’re the owner of a small business, the odds are good that the following statement is familiar: You couldn’t do your job without your employees, but sometimes dealing with your employees can feel like a job. Rarely is this more accurate than in the world of payroll. Referring to the steps and processes involved
Understanding the Basics of Payroll Read More »
Small business owners have to make numerous decisions, not the least of which is determining the best method to handle accounting. Typically, businesses use one of two principal accounting methods, known as cash method and accrual method a (also referred to as cash basis and accrual basis accounting respectively). IRS defines an accounting method as a set
Cash Basis vs. Accrual Basis Accounting Read More »
Tax day has come and gone, but that doesn’t mean SMBs are in the clear for another 12 months. As the owner of a small business, you are responsible for making estimated tax payments throughout the year, and failing to pay the IRS what you owe can result in serious penalties. To avoid losing their
2016 New Tax Laws That Small Businesses Must Know Read More »
It’s no secret that most small business owners are operating with limited budgets. If you aren’t taking advantage of mileage deductions, you might be missing out on a valuable opportunity to slash your tax bill this spring. Whether you drive your personal vehicle to meet with clients, attend trade shows, purchase supplies, or pursue continuing
Mileage Log: Little Work, Lots of Money Back Read More »
If you want to stay on the IRS’s good side in the coming year, it’s important to keep up to date on the latest small business tax requirements. Below is a brief primer about the 1099 form and what it means for your SMB this year: Understanding the 1099 Form Contrary to popular opinion, the
As a small business owner, you likely enjoy the great opportunity to be your own boss while working in a field you truly love. Unfortunately, self-employed people in this country also face a more significant tax burden. As a freelancer or small business owner, you are responsible for paying the self-employment tax in addition to
Top 10 Tax Deductions for Small Businesses Read More »
Do you run your small business out of your home? If so, then you’re not alone. According to a recent SBA report, 52 percent of small businesses operate out of the owner’s home, and with good reason. Not only can you save big money on rent and office overhead, but you can also take advantage
4 Tips for a Successful Home Business Read More »
Small business ownership offers numerous benefits including the opportunity to set your own schedule and pursue your life’s passion. However, the career is not without its challenges. To succeed as an entrepreneur, you need to find an affordable, efficient way of handling your business’ accounting needs while the company gets off the ground. Fortunately, the
5 Reasons to Consider Cloud-Based Accounting for Your Business Read More »
