We all know that accountants are the backbone of any financially successful business. They help keep both you and your money in check. Keeping that in mind, many people overlook the fact that your accountant sees anything and everything you purchase with company funds. Yes – everyTHING…and everyWHERE. Nothing is more entertaining to me on a Monday than seeing exactly how much fun…
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Controllers have a reputation for being stressed out, anti-social and negative. Some think it’s because they deal with numbers and a calculator all day, but it’s much more complicated than that! Consider what your Controller does (or should be doing) for your business before giving them a hard time: 1. One Department To Serve Many Your…
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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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