Posts Tagged ‘Accounting’
Income vs. Profit vs. Revenue
Motivated entrepreneurs dream of dollar signs—bright, S-shaped figures that shimmer and represent the true reward of starting a venture and reaping the financial benefits of the hard work that goes into it.
Read More Good Accounting is so Important
Great accounting is so important for each and every business, but too many are lacking in this area. Most use standard income statements and balance sheets, but there is so much more information business owners need that is not available in these basic financial statements.
Read More 5 Basic Tax Tips for New Businesses
If you start a business, one key to success is to know about your federal tax obligations. You may need to know not only about income taxes but also about payroll taxes. Here are five basic tax tips that can help get your business off to a good start.
Read More Cash Method for Small Businesses
On July 10, 2014, the House Small Business Committee’s Subcommittee on Economic Growth, Tax and Capital Access, held a hearing – Cash Accounting: A Simpler Method for Small Firms? Congressman Tom Rice opened the hearing noting that he is a former tax attorney and CPA.
Read More What Software Do Small Business Owners Need?
Because entrepreneurs have a lot on their plate when they start out, it makes sense for them to use such software to save time, cut costs, and streamline their processes from the very beginning.
Read More 7 Must-Have Features for a Small-Medium Business Accounting System
As a business owner, why settle for accounting software that isn’t working for your business? The ability to expand and increase your profits hinges on your ability to control and track your revenue; otherwise, you are doing your business a disservice.
Read More Crunching the Numbers: How to Know if Your Business is Cost-Effective
It is no secret that funds are extremely limited in the first few years of a business. However, even when your business starts to boom, be sure to constantly analyze where the money is going and whether or not your expenditures are worth the asking price.
Read More 4 Helpful Numbers Every Entrepreneur Needs on Speed-Dial
As a business owner, you’ll need to build strong relationships with other professionals who provide essential services and help you run your business. When launching your business, as well as in the first few years of running your business, you’ll run into problems and dilemmas that will require immediate assistance and advice from these professionals.
Read More What to Do If You Can’t Pay Your Small Business’s Tax Bill
Tax season can be a very frightening time of the year for a small business owner. Technically, anyone who expects to owe more than $1,000 to the IRS in taxes is supposed to send in quarterly estimated tax payments, but for new startups especially it can be difficult to gather up the full amount due to pay.
Read More Benefits of an Accountant for Your Startup
While deciding against hiring a professional accountant saves money, people tend to be unaware of the many advantages that an accountant can provide to a start-up business. Below is a list of the benefits that come with hiring an accountant.
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