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Lots of people dream of starting their own business and being their own boss. In most cases, the amount of work that goes into it is so much greater than most people imagine. In addition to the actual work that… Read More
Posts Tagged ‘business finances’
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Financial Metrics Every Small Business Owner Should Track
Owning a business is a lot of work. In addition to the actual work that your business does – selling, landscaping, fixing, treating, etc. – you also have to do all of the tasks of a business manager. And of… Read More
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What Payroll Schedule is Right for Your Business?
When you’re running a small business, the payroll schedule might not be your first concern, but it is critical to carefully consider the different schedules available and choose the one that works best for you, your business, and your employees…. Read More
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The Importance of Forecasting Your Small Business
Forecasting any business is vital. However, many small companies don’t partake in this process. Business owners tend to the logistics of running their company and solving issues. Therefore, forecasting a small business can be challenging, if not seemingly impossible. When… Read More
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Tax Tips: Claiming Travel Expenses
When you need to travel for business, it can be difficult to determine which expenses you can claim on your taxes. It’s important to do your research by checking out the official IRS website for rules and guidelines, but you… Read More
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How a CPA Saves Your Business Money
Most small businesses, and large businesses too, are usually looking for ways to cut costs and improve profit margins. While it seems counterintuitive, often, hiring an outside vendor for a process can actually help you cut your costs overall. Yes,… Read More
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Profit Margins (and How to Fix Them)
As long as you’re not running a non-profit, for most businesses, profit is the name of the game. It’s never a good idea to live in the red, and for most business owners, until they start seeing comfortable profit margins… Read More
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Common Accounting Mistakes Made By New Business Owners
Running a new business is a tall order, especially if you don’t have a lot of training or experience. Bookkeeping and accounting are critical aspects of any business, but they’re particularly important for new businesses and startups who are trying… Read More
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Why Is Bookkeeping Important?
Bookkeeping, the act of keeping financial records pertaining to your business, is a critical component of a successful business. Having organized and well-kept financial records will give your business an edge in many different ways. Whether you do it yourself… Read More
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5 Benefits of Outsourcing Your Accounting
Doing your own business accounting can be overwhelming and time-consuming, so you might be considering the option of dictating the task to someone else. There are two choices available: hire an accountant as an employee, or outsource your finances to… Read More