Mortgaging hard-earned profits due to a tax surprise can be a hard on most small business owners. Even worse is learning about money left on the table due to an unclaimed or uninformed tax deduction. Tax surprises are completely avoidable and should be mitigated before it cuts deep into your bottom-line. In this blog, you […]
Successful bookkeeping tips for small businesses
The nature of most business owners is to place value on endeavors were the odds of success are higher. Marketing, business promotions, R&D are some that come to mind. While some love the number-crunching of bookkeeping and accounts, others hate to detract from business operations to focusing on minuscule details of their day-to-day finances. Love […]
Why start a business retirement plan?
Starting a business retirement plan can be a complex process for small business owners in particular as they need to factor in issues such as multiple sources of retirement income, special tax considerations and succession issues. Beginning a business retirement plan will help make deductible contributions for 2012. Listed below are some […]
Budgeting for small business
Budgeting for small business might seem an overtly complex exercise for some business owners. However, there are no hidden demons in budgeting if a realistic estimate of spending is made possible and priorities clearly established. A few common budgeting for small business pitfalls to avoid are listed below for a better understanding and utilization of the […]