It’s normal for small business owners to wear many hats at once, which depletes their time and capacity to do other tasks in operating the business. Not only do they have to work as a marketing specialist, but they also have to work on the...
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Maintaining your books and managing your finances is essential. Good accounting practice has evolved to become a requirement for all entrepreneurs. However, tracking your assets, liabilities, expenses, and income to ensure a healthy financial status can be complicated in running a business. Thanks to technological...
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Owning and operating a small business is a challenging endeavor with struggles many small business owners have never faced and might not be anticipating. As a small business owner, you wear many hats and probably don’t think twice about doing something yourself. However, when preparing...
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When you run a small business, you want to have a clear, accurate picture of your finances. If you don’t correctly and consistently keep track of your income and expenses, your accounting records and finances become a nightmarish mess to untangle. QuickBooks is a handy...
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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...
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