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cash flow concept

How to Forecast Cash Flow for Your Business 

By Uncategorized

Cash flow is simply the money that flows into and out of a business. It is critical to have positive cash flow to pay for day-to-day operating expenses, pay employees, purchase inventory, and pay taxes.   Why it is Critical to Forecast Cash Flow  Running out of cash is something that no business wants to experience, yet it is one of the major reasons for business failures. Ensuring that a business will have the cash that it needs is the…

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The Complete Guide on Preparing to Sell Your Business

By Uncategorized

Have you wondered whether it’s time to sell your business? Thousands of businesses switch ownership every year. In 2018, more than 10,000 business owners sold their companies to other people. Often, this is the right thing to do. Fresh direction allows the company to evolve in new and exciting ways. The right sale also puts a fair amount of money in the pockets of the former owner. But knowing how to navigate the business selling process is important. It can mean the…

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How to be More Productive as a Small Business Owner

By Uncategorized

Whether you’re running a brick-and-mortar business or an online store, maintaining your productivity is crucial to your overall success. A productive business owner helps instill a good attitude and overall positivity for others. When you’re looking for ways to increase your productivity, there are many ways you can go about it. Some of the simplest ways to be more productive are: Setting a Routine and Goals Running a business during its early days can be pretty hectic. You might be…

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IRS Conditions and What They Mean for Small Businesses

By IRS News

On January 12, 2022, the National Taxpayer’s Advocate Office released a report on the conditions at the IRS. The report’s findings indicate that there is a massive backlog of unprocessed forms, and a larger volume of calls than customer service representatives are able to address. What’s In the Report While the full report contains a more thorough analysis, we’ve selected a few quotes to summarize the conditions at the IRS: “As of December 18, 2021, the IRS reported it had…

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How to Create Business Goals for the New Year

By Small Business Advice

If you thought that New Year’s resolutions were just about getting fitter and healthier, then you should think again. Every January, in fact, many business people decide to set themselves some short, mid, or long-term business goals. The secret to success? It’s sticking to those business goals for the remaining 11 months of the year. This, though, is often easier said than done. Here’s how you can succeed at setting financial goals that are realistic and achievable, and that can take your…

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tax file and caluclator

Looking Forward: Tax Tips for 2022

By Uncategorized

It never hurts to start planning ahead, especially when financial matters are involved. How often have you had to gather information at the last minute before your taxes are due? Have you ever ended up paying more in taxes than you truly needed to? These professional tax tips for 2022 will help you to get prepared, lower your taxes and avoid any penalties. Ensure You Have an ID.me Account From the summer of 2022, all taxpayers will need an ID.me account in…

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Business woman explaining charts to business man

How Can a Professional Accountant Help Your Small Business?

By Small Business Advice

Many small business owners may not be aware of the tasks performed by a professional accountant and how they can help your business flourish in the market. The vast array of roles and responsibilities performed by a professional accountant influences business operations in various sectors including, not-for-profit organizations, the public sector, academia, and regulatory bodies. The primary role of CPAs is to safeguard the integrity of financial reporting, but they also contribute to the progress and stability of society in general…

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Charitable Giving: Does a Donor Advised Fund Make Sense for You?

Charitable Giving: Does a Donor Advised Fund Make Sense for You?

By Accounting Advice

I believe we all have a duty to leave this world a better place than we found it and therefore we have an obligation to help those less fortunate than us.  However, my experience has been that the more we donate to those great causes, the more solicitations and phone calls we get.  Some are great causes, some are not, but the reality is that many charities sell or share their donor list with other charities.  Unfortunately, the end result…

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