The lack of robust accounting systems is one of the primary reasons that small businesses fail. Small business record keeping can be a thorn in every business owner’s side, and many companies are now turning to virtual accounting services. Here are some the advantages they find: 

For the most part, it’s a great time to be a real estate investor: interest rates are low, and home values are climbing in most areas. In fact, metro areas like DC are growing rapidly, which means there’s a good chance you’ll get high returns from your investment.

As far as nonprofits go, a church is one of the most complex organizations for leadership. Church leaders have to balance the spiritual needs of their congregations with the programmatic needs of the communities their churches serve. Meeting these needs requires resources, both human and financial. When your church income relies on the weekly donations of your congregation, it can be a little tricky to ensure that you have consistent cash flow.

Church leaders have the responsibility to ensure that there is adequate and ongoing funding for the costs of operations and programs. This is often a very challenging task. However, many church financial problems can be avoided by proper planning, consistent budgeting, and accountability for spending.

Being a good landlord takes practice, and no matter how much you read, there really isn’t a substitute for experience. But if you are thinking about investing in rental property or you are a new rental property owner, there are a few basic rules that will help you hit the ground running.

It takes leadership and money for a church to experience dynamic growth. Many church leaders, legitimately concerned about church finances, are looking for ways to increase giving from their congregation. They want to tap into the generosity of the members and boost offerings in the church. It doesn’t have to be a daunting task.

The tax reform bill, H.R 1, known as the Tax Cuts and Jobs Act which enacted sweeping changes to the Internal Revenue Code, contains numerous changes that will affect businesses large and small. The new tax law is complex; most business owners will look to their accountants and tax professionals for explanations of the changes.

Is it necessary for nonprofit organizations to examine their policies every year? Changes that impact the organization, both internal and external, recommend an annual policy review.  Here are three types of changes that nonprofit boards should monitor.

The true key to building wealth lies in building assets. Regardless of how much money you make, you can build wealth over time through assets. Some people think that putting money in a savings account is as good as making an investment. However, it is impossible to build wealth if you just have money in a bank account. Bank accounts have low-interest rates, so you will barely make any money. On the other hand, your money works for you when you invest it.

Taxes. If you are self-employed, the myriad tax rules that apply to your income may dampen your entrepreneurial spirit. Especially when you are preparing to file your return. But, taxes don’t have to be such a burden. Take advantage of the immediacy of your situation - what better time to do some planning than while everything is fresh in your mind. Here's some advice on how to get an early start on tax planning strategies for this year: