Building your small business doesn’t just require a lot of hard work and dedication – in most cases, for a small business to scale beyond a certain point, it requires assembling a team or staff that are vested in the success of your enterprise. And the only way to keep a good team operating smoothly […]
Read MoreIn the modern era, American professional culture has become increasingly focused on celebrating the go-getters, the hustlers, and the workaholics. While working hard isn’t a bad thing, it’s troubling to find ourselves in a world that craves individuals who work 60-80 hours per week. So with all of the emphasis on working harder and putting […]
Read MoreStarting a new business can be tough. Most small business owners have a million ideas of what they want to do with their business, and maybe a special set of skills that they can market to their customer base. But in all the hustle and bustle of getting a new business off the ground, there […]
Read MoreThey say that the only things that are certain in life are death and taxes. And taxes are an especially important reality for business owners. If you previously worked for another company or employer, chances are good that you had taxes withheld from your paycheck to cover your annual tax liability. But what you may […]
Read MoreEvery year when tax season rolls around, we tend to see an increase in all of the usual tax jargon being thrown around like carrybacks, deferrals, or depreciation. Let’s face it – taxes are complicated and, as a business owner, chances are good that you’re not an expert when it comes to tax law, so […]
Read MoreNobody likes leaving easy money on the table, but sometimes you don’t even realize how much you’re missing. One of the biggest deductions available to any business owner is the mileage you rack up on your personal vehicle traveling back and forth between offices and to client meetings. It’s all too easy to forget to […]
Read MoreEvery year, Illinois collects an excess of $5,500,000 worth of unemployment insurance from companies over what they should. That excess would likely not be paid if these companies were better prepared and more diligent when contesting fraudulent or spurious unemployment benefit claims. As a result, if the benefits were paid, it also means the unemployment tax […]
Read MoreCloud accounting software is similar to traditional, desktop based solutions, with the difference being that it is hosted on remote servers. Data is sent into the “cloud” where it is processed and stored. The benefits to the end user include access to real time data from anywhere with an Internet connection, and from any device–including laptops, smartphones, and […]
Read MoreCheck out what you can deduct on your taxes as a small business owner. Always be sure to have a professional prepare your taxes to get the money you deserve. Home Office Deduction If you use a portion of your home for business, you may be eligible for a home office deduction. Add up the […]
Read MoreMost small business owners will have to deal with slow-paying customers at some point. It is not only awkward and annoying, but it can also cause a serious cash flow problem if too many customers miss their deadlines. Below are some tips and tricks to encourage faster payment from your more sluggish clients. Send Online […]
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