If you're a self-employed individual who utilizes their vehicle for business purposes, there are certain vehicle expenses that can be deducted. The extent of your deduction will depend on factors such as the operating costs of the vehicle, the amount…
Managing cash flow and maximizing profitability are essential for the success of any business. QuickBooks Online, the popular accounting software, offers a range of features and tools that can help you achieve these goals. In this blog post, we will…
As a business owner or employee, you may be entitled to deduct a portion of your meal expenses from your taxes. But which meals qualify for this deduction? In this blog post, we will explore the types of meals that…
Are you looking for a way to plan for your future healthcare costs? Health Savings Accounts (HSAs) might be the solution you've been searching for. In this blog post, we will explore what HSAs are, how they work, and the…
Opportunity Cost Small business owners might not have the necessary knowledge and experience to manage their finances efficiently and effectively. Managing the books can be time-consuming and take focus away from other core aspects of running a business. Hiring a…
Small businesses are the backbone of the economy, but running a small business is no easy feat. Entrepreneurs face a wide range of challenges, from managing finances to acquiring customers, and everything in between. Below are some tips and strategies…
Starting a small business is an exciting opportunity, but it’s not without its challenges. From finances to sales to marketing, small business owners often wear many hats and can make costly mistakes that can hinder their success. Below are 7…
According to an article by Michael Flint entitled “Cash Flow: The Reason 82% of Business Fail”, the vast majority of small businesses fail due to poor cash management. While low employee morale, poor training, bad management decisions, and misguided marketing…
Think of sales as the muscles of your organization and cash flow as its lifeblood. Ultimately, cash flow is the sustenance that keeps you afloat by allowing you to cover your ongoing operational expenses. It primes you to take advantage…
In an uncertain economic environment where every dollar counts, the most marginal increases in revenue and overall business costs can have a significant impact on the bottom line. Forward-thinking businesses strategically cut unnecessary costs in a way that maintains market…
