Choosing a new (or new-to-you) car is exciting, and one of the biggest financial decisions you’ll make. You may be wondering, “Should I lease or buy a car?” As such, you should consider all your options and how they’ll affect your lifestyle. What’s the most cost-effective way to drive the car you want? Choosing between…
All good business owners know that time is a valuable asset, so you need ways to make accounting easier. Investing copious amounts of time into QuickBooks isn’t always the best option. We’re firm believers that you shouldn’t have to do a lot of data entry style accounting to reap the benefits of great financial information. There are several…
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…
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…
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…
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…
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…
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…
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…
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,…