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Avoid Tax Time Headaches with These Record Keeping Tips
January 23, 2012
Many small business owners fear the thought of an audit. However, you don't have to quake in your boots as much if you keep thorough and organized bookkeeping records. The number one rule for bookkeeping: Have a record for everything that flows in and out of your business. You'll be prepared to answer any auditing questions and provide the required paperwork when billed for additional tax. Although U.S. law doesn't require any kind of recordkeeping system, good recordkeeping ensures your company has accurate financial statements, acts as a rep...
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Lower Your Year-End Tax Bill
December 28, 2011
As we reach the end of year, some small businesses are scrambling to find ways to lower their tax bills. Here's a roundup of articles on how to save on your taxes. Temporary...
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Grow Your Business: Top 10 Posts of 2011
December 22, 2011
How did your business do in 2011? Did you grow? Stay the same? Staying the same in 2011 is almost as good as growing in 2010. Based on conversations, many succe...
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Start the New Year with a Clean Slate
December 5, 2011
Many students leave college with a diploma in hand and big student loans waiting to be paid. Those loans are a big burden for students to bear in starting life...
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Six Tips to Stop the Late Payment Pains
November 21, 2011
Cash flow management relies heavily on timing whether or not your business is doing well. When a business owner pays suppliers late, those suppliers pay theirs...
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Four Must Dos to Buying a Company
November 16, 2011
This insufferable economy has worn out many people especially owners who can no longer give their all to their business. Even so, many of these businesses hold a lot of potent...
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6 Ways to Value Your Suppliers
October 11, 2011
You have suppliers and you're most likely a supplier to others. Suppliers play a big role in your business making them your partners. Like you expect your employees to do thei...
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4 Tips for Getting Paid on Time
September 22, 2011
It's incredible how the simple act of getting paid can take up a person's time while upping stress levels. Aside from exploring financing services, businesses can put safeguar...
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How a Small Business Can Get More Cash Upfront
September 19, 2011
A successful event management business has nine employees with an income of $2.7 million in 2010. Despite its success, the owner is struggling to get enough cas...
