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If you run a non-essential business, you’re likely feeling the bitter effects of the coronavirus shutdown. And you’re not alone! Small businesses across the country are navigating difficult decisions due to the pandemic, making drastic changes to their daily operations to keep their revenue flowing....
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For all the time you put into your business, achieving success takes more than just hard work. You also need smart planning for how you work so that your efforts are effective. And if your business involves keeping stock on hand, smart planning has to...
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Small financial moves can make a big difference for small business owners during economic turbulence. All I keep seeing in my inbox this week is Coronavirus COVID-19 updates. I am exhausted with all of it, but I do keep thinking of all of the businesses...
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You may be tempted to leave this page or leave this window open to read another time. That is not how you should treat this page. Read and most importantly, act on these simple 7 steps on how to get out of debt for good....
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There is a great deal of confusion between the terms bookkeeping and accounting. These terms are often used interchangeably, but they represent different aspects of finance. Bookkeeping is concerned with recording financial transactions. Accounting is a broader term that encompasses the analysis, reporting, and interpretation...
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Are you avoiding upgrading business technology due to high upfront costs? While staying low-tech may seem like a smart way to maintain your small business’s profit margins, failing to keep up with the times could do your business more harm than good. Not only does...
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There’s no arguing about it – No one is perfect. Even big corporations make accounting mistakes all the time. But with the emergence of new and improved technologies, certain accounting and bookkeeping mistakes ought to have significantly reduced, if not eliminated. Today, we take a...
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Hiring a bookkeeper can sometimes feel like a burden to your business especially when starting out. Some businesses have even tried going it solo and relying on applications to do all the heavy lifting until things start getting out of hand. That is when they...
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Tax evasion is a common malpractice among businesses. While innocent mistakes in reporting might occur every once in a while, willfully evading taxes can have some serious consequences on your business. The difference between tax avoidance and tax evasion is that the former is innocent...
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Keeping your finances in good shape easily be a full-time job for many of us. Between boosting credit scores and making sure the bills get paid on time, there is an incredible number of things that contribute to our financial stability. That’s why it’s so...
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