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Read the Latest
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Why Business Owners Should Pay Attention to Cash Flow
Many documents help business owners understand their financial footing—from the income statement to the balance sheet—providing both a retrospective look at spending and income and projections of future standing. Businesses that want to get an up-to-date look at their...
How to Read an Income Statement to Avoid Overspending
Business owners have a lot on their plates at the moment. For many, their day-to-day operations have been changing rapidly in the last year, taking most of their time, attention and, in many instances, their worry. However, small business owners need to also keep a...
Evaluate Your Balance Sheet to Measure Financial Stability
In today’s uncertain business environment, companies need to be more vigilant than ever about their finances. Small business owners especially need to keep laser-focused on their bottom line, ensuring there is no wasteful spending and that decisions about the...
Business By The Books
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Is Merging with or Acquiring Another Business Right for Me?
Is Merging with or Acquiring Another Business Right for Me? What is merging? When a business is successful, sometimes it wishes to buy or merge with other companies to create a stronger hold on the market or become even more successful. Merging is when two separate...
A Guide to Payment Processing
If your small business accepts credit card payments in-person and online then chances are you are connecting to a payment processor or merchant account provider (MAP) to facilitate electronic payments (credit cards, ACH, or digital wallets). Our team of professional...
Are Your Employees Stealing From You?
Common forms of fraud and theft Personal use of company credit or debit cards Issuing a check to themselves or a fake organization, then changing the payee in the accounting software Check washing – a process where the ink is removed from a check so it can be written...
How Can I Get Paid Faster?
How can I get paid faster? No sale is complete until you receive payment. The longer it takes, the less profitable the sale becomes! Having an excellent policy for collecting receivables or pledges is critical to both businesses and non-profits. The likelihood of...
Questions Small Business Owners Should Be Asking
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Better Business Through Technology
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Business By The Rules
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Meals & Entertainment
Question: For business travel, are there limits on the amounts deductible for meals? Answer: Meal expenses are deductible if your business trip is overnight or long enough that you need to stop for substantial sleep or rest to properly perform your duties. Meal...
Travel Expenses
Travel expenses are the ordinary and necessary expenses of traveling away from home for your business, profession, or job. Once you have determined that you are traveling away from your tax home, you can determine what travel expenses are deductible. You can deduct...
Wages & Overtime
List of issues that small businesses may face – Family help – hiring family members - https://www.irs.gov/businesses/small-businesses-self-employed/family-help Salaried employees and overtime – https://www.dol.gov/whd/overtime/final2016/ Terminating employees –...
Archived Blog Posts
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