All business need to focus on their key performance indicators (or KPIs) if they ever hope to increase their business. However, for different styles of business there are, of course, different styles of KPIs. For dental practices in particular, here's some of the KPIs to track to ensure the best
Can I Deduct Senior Care if I’m the Caregiver?
During tax season, it can sometimes seem as if your entire previous year becomes a question mark. What can you claim, how can you claim it, and how much can it be claimed for… all questions that become repeatedly asked of all life’s situations. One particular situation that has multiple answers
Managing Business Risks: Prevention, Strategy, and External Risks
Some of the invariable truths we have collectively learned in a society are as follows: Rules are only there to draw guidelines and set expectations.Punishment doesn’t stop problems from happening, but conversations can.Prevention techniques are the best techniques for avoiding a problem all
Form 941: The Lookback Period
Before diving into an explanation of what the lookback period is, you must first understand what the Form 941 is used for, since the lookback period is a tool specifically used to help file this form. The 941 is also known as the Employer’s Quarterly Federal Tax Return, and needs to be filed
Balancing the Budget
Are you a small business owner wanting to make the wisest financial decisions possible? Have you discovered that your freelance business’s earnings are dwindling away, but you have no idea why? Do you find yourself putting in more work and time, but you can’t see a return for the investment? If so,
Small Business Accounting: Tracking Expenses and Time
In my experience, there are two kinds of entrepreneurs. Those who worked for other companies, saw the pain points and the selling points, recognized the workflow, value proposition, and decided to take a chance on their own. The other entrepreneur is the one who starts as a hobbyist, one who does
Accounting for Startups
Accounting for startups entails keeping strict (and accurate) financial records and detailed accounts to project the organization's growth. As a business owner, accounting is absolutely vital to discern what trajectory your business is on, so you know what you can afford. If you're trying to do
Calculating Your Startup Costs
The myth: most startups lose money for the first two years.The reality: they don't have to. Failure is good, it's a learning experience. We're meant to embrace it, learn from it, and pivot accordingly. That said, why would you set yourself up for failure? Don't dive into a startup expecting to