Small business owners are often intimidated by having to create a traditional income statement for their company. However, it doesn’t have to be that way. All of your financial statements are valuable for helping you run your business. They give you insights into how...
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How to Manage Independent Contractor Taxes: Quarterly Deadlines, Forms, and Strategies
If everybody had to file independent contractor taxes, we’d see a revolution in our nation’s tax code. Most people work for an employer at W-2 jobs where their taxes are automatically take out each pay period. They never have to think about it, are mainly...
Unlock Success: Why Tracking Annual Business Revenue is Essential for Your Service-Based Business
John Dewey once said, “We do not learn from experience…we learn from reflecting on experience.” That is true in life as well as in your business. If you simply work as hard as you can day after day, head down, making sales, and serving customers with excellence, you...
Understanding The New Corporate Transparency Act (And What You Need To Do About It)
The U.S. government has passed legislation that now affects millions of businesses nationwide. If you own a small company, you need to know all about it since failure to comply can result in significant fines and penalties including imprisonment. Effective January 1...
Why Outsourced Bookkeeping Services Are A Big Key To Your Business Success
When you’re looking for ways to get ahead in business, don’t overlook outsourced bookkeeping services. Oh, sure. It’s not a topic that’s nearly as exciting as buying a fancy piece of equipment, planning a new marketing campaign, or cutting the ribbon on the perfect...
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Maximize Your Savings: Essential Truck Driver Tax Deductions You Need to Know
Driving a truck for a living is hard work. But delivering the goods that keep America running is such an important part of our economy. Without you being on the roads day and night, our country would grind to a halt faster than most people realize.If you drive as an...
How to Create a Traditional Income Statement: Simplified Tips for Busy Entrepreneurs
Small business owners are often intimidated by having to create a traditional income statement for their company. However, it doesn’t have to be that way. All of your financial statements are valuable for helping you run your business. They give you insights into how...
Top Strategies for Building a Nonprofit Budget That Supports Your Mission
If you handle money at all (personal life, business, etc.), you need a budget. If you’re leading a nonprofit, you definitely need a budget! A lot of people cringe at the thought of budgeting. They immediately feel like they’re back in math class having to turn...
How to Manage Independent Contractor Taxes: Quarterly Deadlines, Forms, and Strategies
If everybody had to file independent contractor taxes, we’d see a revolution in our nation’s tax code. Most people work for an employer at W-2 jobs where their taxes are automatically take out each pay period. They never have to think about it, are mainly...
Operating Expenses: How to Manage Them Better To Increase Your Profits
You’ve probably heard it said that, in business, “you have to spend money to make money.” Generally speaking, that’s true. There are certain costs associated with running your company so that you can provide your product (or service) and realize some profit (and,...