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Best Business Practices

Cash Flow Strategies for Cash-Strapped Businesses

January 10, 2022 by admin

Cash Flow Strategies for Cash-Strapped Businesses

Cash is critical to the functioning of every business. Maintaining a healthy cash flow not only allows a company to meet its financial obligations but also gives it the flexibility to take advantage of emerging opportunities. All too often, however, small businesses find themselves in a cash crunch, struggling to pay the bills and stay […]

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Why Business Structure Matters

December 15, 2021 by admin

Why Business Structure Matters

When you start a business, there are endless decisions to make. Among the most important is how to structure your business. Why is it so significant? Because the structure you choose will affect how your business is taxed and the degree to which you (and other owners) can be held personally liable. Here’s an overview […]

Filed Under: Best Business Practices

The Top 3 Reasons to Outsource Your Accounting

August 23, 2021 by admin

The Top 3 Reasons to Outsource Your Accounting

While you may think it’s better to take care of your small business accounting tasks in-house, you may be surprised to know that your business can benefit from having a professional accountant or CPA handle the job for you. Here are the top three reasons to outsource your accounting. 1. Peace of Mind The number […]

Filed Under: Best Business Practices

What You Need to Know About Incorporating Your Business

June 23, 2021 by admin

What You Need to Know About Incorporating Your Business

Incorporating your small business the right way can bring tax benefits and protect your personal assets. Read on to learn more about what incorporation is, why you might want to incorporate, and how an accountant can help you navigate the questions that come with selecting the right business structure. What is Incorporation? When discussing “incorporation” […]

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THE CONSOLIDATED APPROPRIATIONS ACT: 6 Ways It May Help Your Small Business

March 29, 2021 by admin

THE CONSOLIDATED APPROPRIATIONS ACT: 6 Ways It May Help Your Small Business

While another stimulus plan waits in the wings, we’re still learning about the impact of the previous one on small businesses. It was a long time coming, but it’s finally here. On December 27, 2020, then-President Trump signed a $900 billion stimulus bill into law, the Consolidated Appropriations Act. Along with many new provisions, the […]

Filed Under: Best Business Practices

Hard Times? Get Back to Business Basics

December 20, 2020 by admin

Hard Times? Get Back to Business Basics

It’s reassuring to remember that downturns are a normal part of the business cycle. And, just as there are strategies that help businesses thrive during profitable times, there are basic survival tactics that businesses can employ when the outlook is less than rosy. Control Spending Finances should be your fundamental concern when economic conditions are […]

Filed Under: Best Business Practices

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