As a real estate investor, accounting is part of your daily life. You have to monitor the cash flow in, and make sure you’re managing your outflow in a profitable manner. For many investors, a paper accounting system is the one they know and use. However, paper may be holding you back; for many, it’s past time to switch your accounting system from paper to software.

* It has registered as an exempt nonprofit organization with the IRS, and
* It has no business income from activities unrelated to its exempt purpose.

As a small business owner, you may have learned the hard way how important it is to stay on top of cash flow management. Have you ever found yourself in a situation where payments are due, but the money is not available? It can be difficult to manage the cash flow on your own. An alternative is to contract out your bookkeeping services to a Certified Public Accountant (CPA). 

When you are starting a new business, it is important to determine the structure that makes the most sense for the needs of your company. Many entrepreneurs start as a sole proprietorship. If you are considering the sole proprietorship, you need to understand the advantages and disadvantages of doing so. Before you make a decision, you should obtain the help of a qualified CPA. 

When setting up your small business accounting system, one important decision needs to be made before you can move forward: do you want to use cash or accrual based accounting? There are pros and cons to both of these options, and a qualified accountant can help you determine the best approach for your business needs.

 

Taxes. If you are self-employed, the myriad tax rules that apply to your income may dampen your entrepreneurial spirit. Especially as the tax year comes to an end. But, taxes don’t have to be such a burden. We’re here to give you some advice on how you can take advantage of tax planning strategies this year. 

It is easy for small business owners to get stuck with questionable business practices, especially when they are in the early stages of development. Sometimes in the zeal to achieve profitability and success, the employees and management take shortcuts. Here are ten frequently overlooked secrets about small business management that will help your company  achieve success:

Cash flow management can make-or-break a company, and if you aren't properly managing the flow of your money, then you are setting your business up for failure. If you want to achieve long-term success with your company, then you need to make sure that you have cash available at all times. 

Bookkeeping can be a thorn in every business owner’s side, especially if the business doesn’t have a good system in place. Many companies are turning to virtual bookkeeping services, and it is easy to see why this trend is gaining in popularity. Here are some advantages: 

If you are putting together a startup business, one of the most common problems that you will face is cash flow. How are you supposed to start a successful business if you don’t have any money to build a strong foundation? Startup business loans are a great option to help you get access to the funding that you need. Here are a few things that you need to know if you are trying to use small business startup loans.