Do your credit policies improve the cash flow management of your small business? Sound credit policies are high on the list of business processes that improve your profitiblility. Small business owners will find it worth while to regularly review their company's credit policies. Here are five good practices to look for:
If you are planning to hire a small business accounting service, it is important that you are selective about the accounting firm that you want. These services have a direct impact on the cash flow and profitability of your company, and there are several things that you need to keep in mind before you make the decision.
A limited liability company (LLC) is one of the most popular business entity forms. An LLC can elect to be treated as a sole proprietorship, a corporation or an S corporation. These options for a LLC can be confusing. Tax planning rules are often difficult to follow, but proper adherence is required to ensure the best tax situation. Consider sole proprietorships:
April 15th has come and gone. How did you fare on tax day this year? Did you easily gather all of the information needed to complete your business and individual tax returns for the year? If not, chances are that your record keeping system needs some help. Maybe it's time to consider income tax services.
Tax deductions can be a real incentive when you need to help your children plan for how to pay for college. There are several types of college savings accounts that are available, and it is best to talk with a qualified accountant to pick the best savings plan for your needs.
If you are putting together a small 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? Small business startup 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 get startup money for your small business:
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According to a recent report from SCORE, more than 40% of small business owners say that bookkeeping and taxes are the worst part of owning a small business. Does that sound like you?
Are you planning to hire a small business accounting service?
It is important that you find the right accounting firm - the one that will work with you to meet your company's individual needs. These services have a direct impact on the cash flow and profitability of your small business.
There are several things you need to keep in mind before you make the selection.
At some point, every small business owner will need to make an important decision: should they use cash or accrual budgeting for their company?
There are advantages and disadvantages to both of these options, and you should consider talking with an accountant to learn about how these methods will impact your business.
Bookkeeping is a necessary step that needs to be utilized in your company, and many small business owners fail to implement an effective bookkeeping system. If you aren’t managing your accounting in the right way, then it is more difficult to make ongoing financial decisions for your company.