Budget cuts have led to some big changes for the IRS in the 2014 tax season, including fewer audits due to lack of employees. But that doesn’t give you carte blanche to claim anything and everything on your taxes. Here are some filing faux pas you should avoid to keep the tax man from knocking on your door. Continue reading →
What do business owners and new parents have in common?
Exhaustion, being constantly surrounded by people who can’t seem to anything themselves, never having enough time, and having to multitask a million different things at once every waking hour of the day. It’s no wonder business owners and new parents burn out.
Working capital is the money your business uses to pay for day-to-day expenses. Eventually, every business runs short on occasion and will need a business line of credit or working capital funding to fill in the gaps.
This post discusses how to figure working capital so you can decide if your business needs working capital funding from an outside source. Continue reading →
The good news is that we’re technically out of the recession. The bad news is, money is still not falling out of the sky.
Every business and every market goes through fluctuations. Whether it’s a competitor opening down the street or a country-wide shift in the marketplace, the tide can turn on your business at any time, and frequently does.
But there are plenty of things you can do other than grin and bear market changes. The way you structure your cash flow can make a HUGE impact on your business’ immunity to market fluctuations. Continue reading →
When you think of things that could bring down your business, you probably think about outside forces such as too few customers, rising materials costs, or overbearing government regulation. But did you know that internal cash management issues are the primary reason most businesses fail?