No matter the size of your business, it has particular financial needs that are often a source of stress for those in charge. Whether you’re looking to delegate some of the responsibilities you’ve had to take on, or you’re seeking professionals with more experience than...
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With the holidays upon us, one of the last things on your mind is filing your taxes for the upcoming year. While it’s understandable that you want to wait until after the holidays to prepare for taxes, now is an excellent time to start your...
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When you run a small business it’s easy to become overwhelmed when you have to do everything yourself, particularly the bookkeeping. It’s vital to keep accurate records that will help you maintain your day-to-day accounts and plan for the future. Below are a few tips...
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If you have an employee who travels for work purposes, then giving the employee a per diem is the easiest way to cover some of their expenses without risking the chance that the employee will go overboard on charging things to the company. Not everyone...
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In the day-to-day operations of running your small business, the last thing on your mind is filing taxes for that year. Making sound financial decisions on behalf of your business is often difficult enough without the added complexity that comes with tax preparation and filing....
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Starting, owning, and operating a small business allows you to set your own schedule and do what you love as your own boss. However, one of the aspects of running a small business that you’re not likely to love is performing a financial audit. Since...
Continue ReadingAs a startup, you have a relatively new business that’s still finding its footing. As a result, you are almost constantly trying to find ways to save money by reducing overhead costs. Chances are at the same time you are wearing many hats and not...
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As the year comes to a close, many people are planning for the holidays and the coming year, but there’s so much more to do for business owners. Focusing on year-end tasks helps you learn and reflect on that last year and adapt what you’ve...
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One of the biggest hurdles companies face is their employee turnover rate, which often fluctuates due to many reasons. The manufacturing sector sees a turnover rate of over 21%, and the retail industry has a turnover of over 50%. Since it’s unsustainable to constantly go...
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Tracking your business expenses is part of running a successful business as it helps to manage your cash flow. It also helps you when it’s time to do your taxes and want to prevent overspending because of a tracking failure. That’s why Taurus CPA Solutions...
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