As the year comes to a close, it's important for small business owners to conduct a thorough financial review and prepare for the upcoming year. By completing a year-end financial checklist, you can analyze your business's performance/position, close out the…
Usually, when people talk about habits, they’re trying to figure out ways to break bad ones. Oftentimes, it’s difficult to trace negative habits back to their point of origin. They’ve just become something habitual that we engage in ritualistically without…
As the current 30-year mortgage rate hovers around 8%, and the 10-year treasury approaches 5%, it's important to understand the implications of rising interest rates. Interest rates play a significant role in shaping the overall economic landscape and have a direct…
Running an e-commerce enterprise comes with its own set of unique challenges. One critical aspect is managing your finances effectively. Accurate bookkeeping/accounting is essential for staying on top of your overall cost structure, tracking inventory and sales, and ensuring compliance…
Bookkeeping is an essential task for properly organizing, classifying, and accounting for business finances. By managing the in-flows and out-flows of all company transactions, business owners can see exactly where their money is going. In doing so, they glean the…
Starting a business can seem like a daunting task to the would-be entrepreneur. A step-by-step plan to get started can alleviate some of that angst. The cost of getting started is one of the first considerations that should be taken…
Government grants are valuable sources of funding for various business initiatives, available at the federal, state, and local levels. Whether you are a non-profit organization, a small business enterprise, or an individual looking to pursue a specific goal, understanding how…
Many companies and organizations find it difficult to hire the right accounting expertise at the right price in today’s tight labor market. Some enterprises struggle to find qualified team members, or they cannot afford to pay the salary of someone…
As a small business owner, building business credit is important for the long-term success and financial stability of your enterprise. Good business credit can help you secure favorable financing terms, establish credibility with suppliers and vendors, and separate your personal…
As a small business owner, tax planning is a critical component of financial management. However, the tax code can be convoluted and challenging to navigate. As a result, it's easy to overlook deductions and credits that could significantly reduce your…