2022-01-25 16:06
A corporation, be it a C-Corp or LLC, pays hefty taxes, not once but twice. First, the corporation’s income is taxed, and then the owners’ dividends. By law, that’s the pri… Read More
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Tax Reform Bill 2017: What Does The New Tax Reform Entitle? Blog
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It has been 31 years that the taxation rules have remained unhinged, with the arrival of a new president and a Republican majority in the senate, a tax overhaul has just been voted into approval and will soon be signed into law by President Trump. Since the last quarter of the year there has been a general frenzy with regards to who will be affected and till what extent, with the new tax laws. There are some major changes intended to be taken into action very soon, in this article we’ll understand the new tax brackets that are being introduced, and how they affect each group.
2022-01-18 11:41
Do you know what separates a successful e-commerce startup from the mediocre one? Capital. Businesses, small or large, need funds to right the wrongs, accelerate growth, and level up. There… Read More
2021-12-17 17:41
Your business is something you will have to nurture to help it grow. You want a mentor that will approach your business with the same level of enthusiasm and commitment that you have, but wh… Read More
2021-12-15 12:23
Taking the leap and initiating a startup takes courage. It takes special dedication and resilience to start from scratch and keep going till it reaches its zenith. But there’s no rule… Read More
2021-12-08 11:30
You’ve heard of private limited companies, public limited companies, and even LLCs. But what exactly is an S corporation? Many have never heard of it and those that have, really don&rs&hell…Read More
2021-11-30 14:16
Founding a startup is all well and good but, where do you go from there? One of the questions we get asked frequently is how to go about scaling up the startup. No one starts a business only… Read More
2021-11-19 14:46
Have you recently invested in a startup and are unsure about the value of your employees? Do you want to know how much to pay your employees?
Many startups suffer from this same uncertainty… Read More
2021-11-12 13:15
While working with startup founders and small business owners for more than a decade, we have come to notice a common problem that they often fail to recognize or appreciate the value of a g… Read More
2021-11-12 11:20
Looking for greater financial stability for your business to survive in the long run and navigate the economic ups and downs?
You can meet the financial needs of your startup by hiring the p… Read More
2021-11-10 15:20
Are you looking for ideas and insights to unlock the true potential of your startup? Perhaps you are searching for ways to streamline your business operations and processes, but don’t… Read More
2021-11-10 14:32
You are an aspiring entrepreneur who has just had their bright, once-in-a-lifetime, million-dollar idea. As you explore the prospects of your business venture further, you have also run into… Read More
2021-11-07 14:56
One of the many burdens of entrepreneurship is having to make tough decisions, especially right at the beginning of the startup journey. One thing to remember is that in any business, there… Read More
2021-11-07 11:06
Do you dream of having a lavish lifestyle without selling yourself to some big-shot corporation that works you seven days a week? Do you want to be like those carefree people you see on your… Read More
2021-10-29 08:53
“Your brand is what other people say about you when you’re not in the room.”
-Jeff Bezos
You can’t disregard such a piece of advice, especially when it’s coming… Read More
2021-10-28 11:29
While the very thought of someone giving your small business ‘free money’ is attractive, you might feel deterred by the somewhat lengthy and complex process of applying for a bus… Read More
2021-10-28 10:41
Launching and running a successful business requires a perfect blend of instinct, inspiration, and skill. Today, small business owners cope with many challenges while the pandemic wreaks hav… Read More
2021-10-27 12:19
To compete in any industry, we must gather crucial data about how it operates, what is the nature of competition within the industry, what recent changes have taken place, and the consumptio… Read More
2021-10-21 11:10
More often than not, when someone has an idea, innovators believe that the market would see it in the same light they do. Inevitably, consumers only go for products and services that quickly… Read More
2021-10-20 11:06
Ecommerce financing is the pre-eminent solution to allow a business to join the internet gold rush. Ecommerce has quickly risen to become a multi-trillion dollar industry. Some of the larges… Read More
2021-10-19 12:51
A startup, more often than not, requires external help to become a truly successful business. The capital injection can help to bring in money for essential research and development or to ac… Read More
2021-10-18 16:21
A startup runway is a time a company can keep operating before the finances run dry. Smart management of business resources will extend the startup runway and lead your company to success.
I… Read More
2021-10-07 14:58
In September this year, the Small Business Administration (SBA) announced some key changes to its Economic Injury Disaster Loan (“EIDL”) Program. The disaster loan provided by th… Read More
2021-10-07 12:58
How familiar are you with the term “burn rate”? Do you understand how crucial it is for your business to flourish and improve its financial health? Do you know how to calculate i… Read More
2021-10-05 15:50
Employee Retention Credit. What is it all about? What does it mean for your business? What is ERC? The Employee Retention Credit (ERC) raised a lot of questions from employers last year. ERC… Read More
2021-10-05 10:57
A common misconception about startups is that people often think that these are small-scale businesses catering to a niche segment of the market. Nothing could be further from the truth.
Wit… Read More
2021-09-13 16:35
One of the major challenges of operating a business is managing your money. From receiving payments to covering expenditures, you need a bank account to accomplish the financial tasks and st… Read More
2021-09-13 15:35
Whether a CFO is essential for a startup has been endlessly debated but the jury’s still out. While some believe a well-trained financial team can handle a startup’s needs, other… Read More
2021-09-05 13:07
What started as a project for the military to communicate during combat has now spread to every facet of our existence. Devices such as the personal computer and smartphone have become an ev… Read More
2021-09-05 11:00
An accountant is one of the most crucial assets a business can have in its arsenal. A lack of management over one’s accounts is a major reason why startups fail or struggle in their ea… Read More
2021-09-03 13:35
Many fintech service providers are developing and licensing off-the-shelf accounting and financial management systems to startups, thus seeking high-scale growth. They can now tap into a lar… Read More
2021-08-27 10:29
Benjamin Franklin once said, “in this world, nothing is certain except death and taxes.”. Whether you are employed, self-employed, or operate your own business, you will need to… Read More
2021-08-27 09:16
Both investors and young entrepreneurs need to understand how to value startups. Startup valuation is critical for businesses that are at a pre-revenue phase. It determines how much re… Read More
2021-08-26 14:47
Once you plan out a great business idea, the next step is to figure out how to raise money for your startup. Even startups with the best ideas can only go so far without the proper funding n… Read More
2021-08-26 14:09
Most startup and small business owners tend to focus most of their time and efforts on understanding assets and liabilities while not considering “equity” as an equally critical… Read More
2021-08-20 16:33
Freelancing is a viable career option for people who enjoy working at their own pace. As a freelancer, you’re an independent contractor which makes you your own boss. You get to enjoy… Read More
2021-08-20 15:36
Listening to an accountant speak can often leave you confused, because of various accounting abbreviations and acronyms that they tend to use. Accountants have a second language that is fore… Read More
2021-08-20 11:00
If you’re a business owner but don’t have a substantial finance or accounting background, terminologies like liabilities, assets, and equity might confuse you. However, while man… Read More
2021-08-20 09:54
The basic rule of business management requires you to keep your financial statements ready at all times. It allows you to keep tabs on your expenses, especially if you are being audited or i… Read More
2021-08-14 11:31
[contact-form-7]
Bookkeeping Struggles for Startups
What are the startup bookkeeping challenges and how to overcome them?
Wednesday | Augus… Read More
2021-08-12 16:07
The most successful tech startup ideas are those that offer a profitable solution to a pressing problem and make the world a better place. The best startups are disruptive and engage their t… Read More
2021-08-12 15:05
In a recent study by the U.S. Small Business Administration, it was noted that barely half of all new firms make it past the first five years of their opening; many businesses fail and close… Read More
2021-08-12 14:11
If you are tired of your 9 to 5 job with minimal benefits and dream of investing in your own startup, this article will help you achieve that vision. The first step towards launching a succe… Read More
2021-08-06 17:53
If you are a startup founder, you are no stranger to the numerous obstacles and challenges all small business owners face – especially in the current unpredictable socio-economic clima… Read More
2021-08-05 10:31
A key component to a small business’s success is knowing the difference between account receivable vs. payable as this helps you to understand your business’s accounting process… Read More
2021-08-03 11:57
Bookkeeping Basics for
Entrepreneurs
Everything you need to start doing your own bookkeeping.
Bookkeeping is seen as the flossing of the s… Read More
2021-07-30 17:16
As newer businesses and startups pop up every day, startup incubators are becoming fashionable and practical options for many in terms of networking, mentoring, and scaling up fast. But what… Read More
2021-07-30 17:00
With the COVID-19 delta variant spreading rapidly and fueling new outbreaks in the U.S., economic recovery is expected to slow down again. For small businesses that are still establishing th… Read More
2021-07-27 12:15
If you have recently launched your business or have been running one for years, you must have a fair idea of how business assets and resources are subject to constant wear and tear. Neverthe… Read More
2021-07-20 15:12
Bookkeeping is an essential first step towards staying organized in the trucking business. Apart from the daily tasks of running a trucking business, the back-office duties need your attenti… Read More
2021-07-15 09:44
Filing your tax returns as a small business owner for the first time is as exciting as it is overwhelming. You try your best to file the tax returns on time but you may likely miss some crit… Read More
2021-07-09 16:54
The third quarter of 2020 taxes is due on September 15, 2021. How prepared are you to file your taxes? Are your books in good shape? Are you aware of the tax deductions that you can benefit… Read More
2021-07-08 14:25
If you are a small business owner who intends to switch from cash to credit method of selling, be prepared to deal with concerns like “what’s the credit sales amount you need to… Read More
2021-07-02 14:46
The bottom line on a company’s income statement is often the best way to gauge its financial health and foresee a profitable future – if any. The net income indicates whether you… Read More
2021-07-01 10:19
In accounting, the terms “debits” and “credits” might get confusing at times. This gets even trickier if you are a small business owner with no prior accounting exper… Read More
2021-06-25 09:12
Are you planning to sell your stocks for a profit? Sounds great. But don’t count your chickens before they hatch. Making money on an investment in a taxable account means you’ve… Read More
2021-06-23 16:05
Whether you are the CEO of a healthcare facility or you are a doctor running a private medical practice, you must already be aware of how arduous albeit essential medical bookkeeping is in o… Read More
2021-06-21 22:36
Let’s be honest: bookkeeping isn’t fun, but it’s a crucial function that ensures your business continuously generates profits. While technology and the cloud have definitel… Read More
2021-06-21 22:35
Let’s be honest: bookkeeping isn’t fun, but it’s a crucial function that ensures your business continuously generates profits. While technology and the cloud have definitel… Read More
2021-06-21 16:43
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer to… Read More
2021-06-18 20:25
Let’s be honest: bookkeeping isn’t fun, but it’s a crucial function that ensures your business continuously generates profits. While technology and the cloud have definitel… Read More
2021-06-18 14:03
One of the frequently asked questions with regard to business spending is whether the Cost of Goods Sold (COGS) and operating expenses are the same thing.
The short answer is: No.
How are th… Read More
2021-06-16 12:30
As a business owner, it is very important that you know how much money you have left, and if it is sufficient to meet your short-term cash needs. Specially, the recent economic downturn due… Read More
2021-06-12 17:01
In brief
There are seven tax brackets with 2021 federal income-tax rates of 10%, 12%, 22%, 24%, 32%, 35% and 37%.
Your tax rate hinges on your taxable income and your filing stat… Read More
2021-06-11 02:00
A healthcare chief financial officer (CFO),just like in any other industry or business, oversees all financial operations of the healthcare organization. From preparing financial statem… Read More
2021-06-11 01:54
Finding the time to handle strategic planning and maintaining day-to-day financials can prove to be a major challenge for CFOs, especially those managing businesses that are in the growth ph… Read More
2021-06-11 01:47
Small business owners juggle a variety of different tasks on a daily basis, including growing their business, engaging with clients and other stakeholders, employing and overseeing workers… Read More
2021-06-11 01:44
Now, more than ever, small business owners find computing payroll taxes increasingly challenging. Having to look after the intricacies of their business, and strategize for growth, they are… Read More
2021-06-11 01:39
Starting a business is a big feat for many entrepreneurs, but keeping the ball rolling is a much bigger challenge. Besides other pain points, the ongoing and one-off expenses are a big downs… Read More
2021-05-16 20:14
If you’ve just launched or are about to launch your online store, congratulations! It takes uncommon passion and perseverance to get to where you are today.
However, as you know, busin… Read More
2021-05-16 20:12
If you want to know the health of a business, understanding balance sheets is very important the balance sheet should be your go-to statement. The balance sheet offers a deep look into how t… Read More
2021-05-16 20:11
Introduction
Efficient management of your small business accounting can help establish your success. Keeping your accounting and finances in order should be an achievable goal. You’ll… Read More
2021-05-16 20:06
Money, the world revolves around this small five-syllable word. We might not like to accept it or be proud of it but everything you have done today and will do until you are in bed is about… Read More
2021-05-16 20:05
echnology has aggressively changed the world around us and is predicted to impact the future of accounting. Businesses are able to understand their target market with a greater ease and at p… Read More
2021-05-16 20:04
Not only has COVID-19 impacted the health and economy of the world, but it has also forced criminals to resort to the only possible method of carrying out their malpractices during the lockd… Read More
2021-05-16 20:04
People hardly co-relate accounting with the healthcare industry. As a matter of fact, the accounting department is an integral part of any organization or practice setup where transactions a… Read More
2021-05-16 20:03
Every business grows at a different rate. It’s one thing to know where to take your company next and the other how to get there. But the one thing that startup owners are always stumpe… Read More
2021-05-16 20:03
President Joe Biden’s American Families Plan seeks a historic tax hike on the investment returns of the top earners. The aim is to target the richest Americans to help fund his ai… Read More
2021-05-16 20:01
No business owner starts their company without having a thorough plan for its execution and management. Understandably so, a business can never achieve its purpose if there isn’t a rob… Read More
2021-05-16 20:00
Getting the employee’s payrolls processed on time is one of the major responsibilities of any business owner. However, it is also where usually the most mistakes occur. To manage payro… Read More
2021-05-16 19:58
Bookkeeping and accounting are normally used interchangeably, but they are quite different. While their processes are much different, they both work to support a business throughout various… Read More
2020-01-31 04:47
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My Friend Is a Mail-Order Bride
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Over a glass of sauvignon blanc… Read More
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