Tips To Cut Back Expenses
Everyone in the news has been talking about a possible upcoming recession. Whether or not it comes, the economy has been getting tight for all businesses and is affecting profits. What are some tips that you can use to prepare for harder times? Recurring Charges One thing I recommend is to go through your expenses […]
Auditing Your Expense Accounts
Why is Audit such a bad word that gives people nightmares? I know that most people flinch when they hear the term audit because they automatically think of the IRS or other government agencies but it doesn’t have to be a bad word. Audits are really just in-depth reviews of certain things, usually your expense […]
Getting Paid as an LLC Owner: The Lowdown on Draws and Guaranteed Payments
Getting Paid as an LLC Owner: The Lowdown on Draws and Guaranteed Payments As an LLC owner, you have several options for paying yourself, including draws and guaranteed payments. It’s crucial to understand how these methods work to ensure you’re compliant with tax laws and making the most of your hard-earned cash. In this blog […]
Avoiding Costly Scams When Starting Your Business
Avoiding Costly Scams When Starting Your Business: Tips for Protecting Your Wallet Starting a new business is an exciting and challenging journey, but it’s essential to be aware of potential scams that can drain your wallet and derail your progress. Some unscrupulous individuals and companies prey on new business owners, offering “helpful” services that are […]
Why You Shouldn’t Mix Business and Personal Finances
Why You Shouldn’t Mix Business and Personal Finances As a small business owner, you might be tempted to use your personal bank account for business expenses or to make personal purchases with your business credit card. However, mixing your business and personal finances can cause significant problems that could cost you time, money, and even […]
Case Study
Stacy’s Success Story: Streamlining Finances for a Booming Catering Business Stacy, the proud owner of a startup catering business, faced challenges in organizing her finances. With business transactions scattered across personal and business accounts and multiple payment methods, it became difficult for her to keep track of everything effectively. Stacy sought our assistance to achieve […]
Budgeting for Business is Crucial for Planning
It will not work for you and will only frustrate you, if you do not adjust to those changes because you will be comparing your past plan to your current reality.
Build a better Invoice
When you go to a client’s house or business to do work, do you leave a great invoice for their records? What makes a great invoice? One that gives detail as to what was done, what the breakdown of costs was, unless it was a quoted bid, and your business name and contact information. Make […]
Do You Need to File the New 1099-NEC?
If you have paid any independent contractor more than $600 this year, you will need to file a 1099-NEC with the IRS instead of the 1099-MISC that you have been filing.
