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Once you have your business concept market research completed, it’s time to move on to the next step of starting your own business—the business plan. A business plan is an extensive document that is critical for anyone looking for outside… Read More
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The Basic Steps of Starting Your Own Business (Part 1)
Starting a business is a long and arduous process, but watching it succeed and flourish is a major source of pride. These are just the basic, beginning steps of developing your own business so that you can find success no… Read More
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What Are the Advantages of Hiring an Accountant for Your Small Business?
When running a small business, it can be all too easy—perhaps the only part that’s easy—to leave financial management under-tended or neglected outright, what with all conceivable energy and focus being required for day-to-day operations: customer service, team morale, sales…… Read More
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What is the Difference Between Bookkeeping and Accounting?
Accounting and bookkeeping are two terms often used interchangeably, despite being two fairly distinct functions that serve markedly different purposes in the financial world. To wit: while these two disciplines are certainly “related,” they differ widely in their specific professional… Read More
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Should Your Small Business Outsource Its Accounting?
Small business owners are constantly balancing any number of tasks and responsibilities, including—more often than not—a good share (if not all) of the accounting and bookkeeping. However, for most entrepreneurs, these are inordinately time-consuming, complex tasks, requiring a certain level… Read More
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A Handy Guide on the Depreciation of Fixed Assets
Depreciation of fixed assets is a crucial process that businesses undertake to gradually reduce the recorded cost of their fixed assets over time. Fixed assets such as buildings, furniture, and office equipment can be depreciated, with the exception of land…. Read More
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Why is QuickBooks the Best Bookkeeping Software for Small Businesses?
QuickBooks bookkeeping software is the ideal solution for small business owners who are looking to streamline their administrative tasks and improve their financial management. With QuickBooks bookkeeping software, small businesses can save time and reduce costs by automating tasks such… Read More
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Commonly Missed Tax Credits for Small Businesses
As a small business owner, it’s imperative to be fully aware of any tax credits available to help maximize your rightful savings. Alas, for mere lack of awareness, many miss out on valuable credits that would otherwise significantly reduce taxable… Read More
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What’s the Difference Between Amortization and Depreciation?
If a company acquires assets like company vehicles, corporate headquarters, or patents, these assets are expected to provide benefits to the company over an extended period rather than just in the period they are acquired. To reflect this expected value… Read More
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The 3 Types of Financial Statements For Small Businesses
For small business owners, keeping a close eye on the health of their business is the key to long-term success. Especially for first-time business owners who have decided to jump in head-first, it can be very difficult and overwhelming once… Read More