Has your business grown so much that simple tasks are turning into huge challenges? You might be up against the Law of Diminishing Returns. Here’s what I mean and my top three solutions for scaling a growing business: Scalability – the capacity to be changed in size or scale. The Law of Diminishing Returns – used to refer…
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A General Partnership is one of the easiest business entity types to create. Why? They require minimal set-up and paperwork as well as maximize your flexibility with businesses structure. The downside to creating a GP is lack of liability protection. As a result, owners may have to pay self-employment taxes on earnings from ordinary income. Explore all…
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If you need help creating a budget you’re in the right place. Creating a budget can help you in more ways than one. “Budgets are a necessary evil. They are the only practical way to get a grip on your spending and to make sure your money is being used the way you want it to be…
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Small and medium-sized businesses often view accounting and bookkeeping as a necessary evil. Even innovative business owners might not realize their accounting technology needs a serious overhaul. SALY (Same as last year) won’t allow you to make decisions necessary to move towards success. If you answer no to any of these 3 questions, then it’s…
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Are you self-employed and trying to apply for loans? If so, you’re well aware that the bank will do everything in its power to put you through the wringer during the personal loan application process. This usually happens because we overlook preparing required additional documentation. This results in a longer application process. That’s why our…
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Moving houses can be an extremely chaotic, time-consuming experience to say the least. Usually, we’re worried about moving the furniture and switching our cable providers. So, what else is there left to do? You need to let the IRS know that you moved houses and complete an IRS change of address form. First of all,…
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