Being a small business owner sometimes feels like a lonely job. Larger institutions benefit from retaining employees who you can lean on for their experience and advice, especially during stressful times like tax season. However, help is available for smaller companies too. A seasoned small business tax preparer can go a long way towards making you feel confident in your company’s finances while also saving you time and money.
Don’t wait until April
Make no mistake: tax preparation should be a yea...
A major milestone for small business owners comes when they are able to increase their operations by hiring a new employee. Whether you’re hiring your first employee or have already gone through the hiring process numerous times in the past, it’s worth your while to refresh your memory on the processes you need go through to make it official.
With this in mind, here’s a quick guide of the most important steps associated with the process of onboarding new hires:
Deductions are a smart way to offset the costs of managing your small business. These financial breaks are an opportunity to reclaim some of the money you’ve invested in your company over the year; in fact, not taking the deductions is like leaving money on the table.
While tax season is several months out, keeping deductions in mind reminds you to track your receipts year-round, allowing you to be ready for next year. Below we explore some of the most common business tax deductions that will hel...
Running a successful business requires more than just selling a lot of your product or service. If that product or service is costly to you, a lot of sales may still not make your business profitable. You can determine whether your business is with one number: your gross profit margin.
Below are seven ways your can increase your business’ profit margin beyond increasing sales.
1. Determine your gross profit margin
Before you can increase your profit margins, you need to know what your business’ ove...