If there’s one thing the year 2020 taught us was to cut unnecessary expenses as much as possible in order for our business to survive. We were forced to balance our expenses with our income (aka; budgeting). We got a …
CREATING A BETTER BUSINESS SPENDING PLAN FOR 2021 (AND BEYOND) Read more »
On February 18, 2021, Governor Evers signed a bill (AB-2) that will conform the State to Federal tax treatment of forgiven PPP loans, among other provisions. What that means is, if it is an eligible expense on the Federal tax return, then it is treated the same on the State tax return. You are now free to categorize your expenses paid with PPP funds as business expenses.
Your small business budget captures the numbers that matter most to keeping your business up and running: revenue and expenditures. Managing and regularly revising your budget can do much more than just track spending. It can yield important insights into …
How to Manage and Revise Your Small Business Budget Read more »
Operating a small business is all about money management. Being in the dark about your company’s finances is a recipe for disaster. It is critical to stay in control of your budget, financial goals, and accounting services if you wish …
Bringing your small business idea to life takes funding. One of the first tasks you have as an entrepreneur is to figure out how you will finance your endeavor. Getting your startup off the ground may require venture capital from …
Guide to Financing Your Small Business and Managing Repayment Read more »
You worked hard to establish your small business, and harder to keep it successful. However, scam artists are everywhere, just waiting to take advantage of all that hard work. What are some of the most common scams targeting small businesses? …
Credit cards can be a great way to get your business up and running, and an even more important route toward building good business credit. When handled correctly, they’re a crucial business tool in today’s economy. Mismanage them, however, and …
With a small business, it’s sometimes difficult to handle all the moving parts in the company. The business can quickly take over your entire life, and you may find yourself spending precious free time doing something to further your company. …
One of the most important parts of a bookkeeper’s job is to track accounting cycles from beginning to end every fiscal year. A bookkeeper must stay organized to avoid errors and make the extensive process significantly easier. There are eight …
Keeping Up With Bookkeeping During Accounting Cycles for Your Business Read more »
Small business owners are multi-taskers. They have a fundamental working knowledge of every aspect of their business, from employee acquisition to customer service to payroll. They’re responsible for every decision, whether that means complex strategic planning or deciding what soap …
Important Consulting Services for Small Businesses Read more »