One of the most crucial things every new business owner must do is to create a company budget. You want a budget that's flexible enough to handle future expenses, but also manage your existing revenue, and cash needs. A budget is also a critical tool of your startup business plan. One of the key
What The Tax Cuts & Jobs Act Means For Your 2018 Tax Return
Many small business owners are unaware of the new tax cuts and jobs act. Small business owners need to acquaint themselves with the new laws as it will impact their 2018 tax return. For instance, one of the largest changes is in regards to itemized deductions. Businesses can no longer hoard receipts
Small Business Tax Deductions For 2019
Owning and caring for a small business can be as tough as it is expensive -- especially if you pay more in taxes than you actually owe. Garrett Gunderson, a finance expert performed a small study on small business tax and found that a large number of business owners pay more in taxes than they
Why Does My Startup Need an Accountant?
Depending on where you grew up, you may've heard the phrase, "pull yourself up by the bootstraps." In the startup world, bootstrapping is the common practice that entrepreneurs dedicate themselves to -- sometimes to a fault. They do as much as they can with to avoid as much cost as possible. While
Top Tax Write Offs For Small Businesses
Every small business owner knows that, come tax time, there are ways to save a fortune in taxes if you are clever. Looking for the right tax write offs for small business owners, however, can be a bit of a challenge and we’re here to help point you in the right direction. Here are a few of the top
Small Business Coaching: Getting Your Startup Started
You have long dreamt about starting your own small business and, now, you’ve finally got the ball rolling! You have a great idea, and you’ve taken out a startup loan and are now working furiously to make your business a reality. But if a great idea, a little money and a willingness to work hard were
What Every Business Owner Should Know About Contract Law
It is unrealistic to expect every business owner to have a thorough command of contract law. Running a business is a very demanding job, and so unless they are fortunate to have a formal background in law business owners simply do not have the time required to master all the finer points of
What is Mark-to-Market Accounting?
Mark-to-market accounting – also referred to as “fair value accounting” by some – is a type of accounting which attempts to reflect the market price of assets and liabilities. In mark-to-market, the value of assets and liabilities may change in tandem with market fluctuations. The rationale of