Cash Flow

Avoid Tax Time Headaches with These Record Keeping Tips

Capital Solutions Bancorp — Mon, 23 Jan 2012 09:33:03 -0500

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.

Lower Your Year-End Tax Bill

Capital Solutions Bancorp — Wed, 28 Dec 2011 11:12:59 -0500

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.

Grow Your Business: Top 10 Posts of 2011

Capital Solutions Bancorp — Thu, 22 Dec 2011 13:19:47 -0500

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 successful companies that grew every year reported seeing no growth this year.

Regardless of what happened in 2011, you have a clean slate and these top 10 posts will help you grow in 2012.

Start the New Year with a Clean Slate

Capital Solutions Bancorp — Mon, 05 Dec 2011 11:42:19 -0500

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 after school. How do you think students who paid off their entire college education by graduation day feel compared to those with the big loans?

The same happens to companies starting the New Year with unused equipment, inefficient inventory and unpaid accounts receivables. No matter what kind of year your business had, you can get it in better shape for year ahead and be like the graduate free of loans.

Six Tips to Stop the Late Payment Pains

Capital Solutions Bancorp — Mon, 21 Nov 2011 09:15:15 -0500

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 late. It's a vicious cycle causing cash flow problems for small business owners down the line.

Four Must Dos to Buying a Company

Capital Solutions Bancorp — Wed, 16 Nov 2011 19:35:00 -0500

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 potential and can thrive with the right owner. Now may be a good time to buy a company in order to grow your business, expand your offerings and get more customers.

6 Ways to Value Your Suppliers

Capital Solutions Bancorp — Tue, 11 Oct 2011 10:29:00 -0400

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 their jobs and discuss their progress, the same goes for suppliers.

A strong relationship with your supplier can help your cash flow. One day, you may need more time to pay the supplier's invoice because you're low on cash. A good relationship makes that possible.

4 Tips for Getting Paid on Time

Capital Solutions Bancorp — Thu, 22 Sep 2011 13:39:50 -0400

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 safeguards in place to stop worrying about getting paid and spending so much time on it.

How a Small Business Can Get More Cash Upfront

Capital Solutions Bancorp — Mon, 19 Sep 2011 11:44:45 -0400

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 cash up front to prepare for its upcoming projects. The Globe and Mail article describes how this successful small business finds itself in this situation in spite of landing bigger and more projects.