Focused On Business Owners
Companies tend to progress more consistently if the owner sets business financial goals and makes a plan to achieve them. The new year is a natural time to decide what you want to achieve and how. With that in mind, read on to learn the steps for setting financial goals for your business for 2023. Read more about Setting business financial goals for 2023[…]
TD Bank surveyed small business owners about what they love and hate most about owning their own business. Unsurprisingly, flexibility and feeling in control ranked first in the “love” category. Meanwhile, almost 60% said bookkeeping was hands-down their most hated task. Most business owners understand that effective financial management is key to their success. However, Read more about Bookkeeping & Accounting Tips for Small Business: 5 Things to Avoid[…]
If you ask 100 business owners what they like least about running a business, chances are good that bookkeeping will rank high on the list. It’s a frustrating chore that takes up a lot of time and is easy to put off until tomorrow. However, avoiding your bookkeeping is dangerous. Not knowing your company’s financial Read more about 3 Reasons to Prioritize Bookkeeping[…]
Every small business can benefit from the dedicated financial management expertise that comes with having a CFO. However, very few small businesses have the means to hire someone full time for this role, particularly in the lean early years. Often, it’s the first few years when a company is starting up that establishing good habits Read more about How “Virtual CFO” Services Can Help You Grow Your Business[…]
Business owners, tax season is right around the corner and although you may be dreading it, there are things you can do to feel better prepared. Here is your small business tax preparation checklist for 2022. Don’t stress, prepare! Your books Your structure Your due date Your income Your deductions Your home office expenses Your Read more about Your Small Business Tax Preparation Checklist for 2022[…]
Bookkeeping is an essential component of small business success. Some of the benefits of bookkeeping include; maintaining compliance, tracking your business activity, and producing the data needed for business decisions. But despite its proven importance, many owners dread and avoid bookkeeping. In fact, most entrepreneurs claim that it is one the worst parts of running Read more about Benefits of Bookkeeping: A Contribution to Small Business Success[…]
The 5 signs you need an outsourced CFO. When you start a small business, it’s usually only you behind the whole operation. You wear many hats, from CEO to clean-up crew. As you pour your heart and soul into your business and it begins to grow, the amount of work involved grows with it. As Read more about 5 Signs You Need an Outsourced CFO[…]
There are often negative emotions involved when you think of a small business audit, and rightly so. No business owner looks forward to a letter from the taxman requesting a closer look at the books. If you’ve received an audit letter, don’t panic. Prepare. These four steps will help you get through the process with Read more about Small Business Audit: What to do if you get audited?[…]
Your business needs cash. Cash is what keeps your company in operation and enables it to grow. Therefore, it is important to know how much cash your business needs to survive. Although many people think the answer is linked solely to operating expenses, this isn’t the case. That’s why I thought it might be helpful Read more about Small Business Cash Management Insights[…]
Ideally, you and your accountant are more than just “adviser” and “client”. With your combined skills, expertise, and shared mission to support a thriving business, you’re more like strategic partners. The key to achieving success in any partnership is, of course, strong communication. At your next meeting, be sure to ask the accountant these four Read more about Four Questions to Ask the Accountant[…]