For the 2023 tax season, there are numerous new and pending changes to tax regulations and deductions that are crucial for small businesses. For instance, in recent years, there have been pandemic-related business assistance programs, the most of which are now coming to an end. High inflation has also occurred, which has necessitated changes for...
According to data gathered by the U.S. Bureau of Labor Statistics, 20% of small businesses fail in the first year and close down in less than five. While some of these entrepreneurs fail because they failed to fill a need, had a poor business plan, or chose the wrong location, many small firms fail because...
Tips on How to Build and Improve Your Credit Score If you want to be able to access credit products such as loans and credit cards, your credit score is crucial. If you have a high credit score, lenders will see you as a low-risk borrower and may approve your application. In contrast, a...
Taxes for Small Business Owners: The Ultimate Guide It is essential for small business owners to be aware of any applicable tax regulations. You may be qualified for a variety of tax benefits and deductions, but it is crucial to speak with an accountant or tax expert to make sure you are utilizing them....
Tips to Maximize Your LinkedIn LinkedIn has developed into a well-liked advertising platform over the past few years. A LinkedIn advertisements company can gain greater insight into success thanks to the continually updated features. It can be challenging to keep up with the platform’s constant change due to the new releases. Thankfully, this post...
Selling your small business is never a simple decision. Selling a business can be emotionally difficult, regardless of whether you want to retire, are having financial difficulties with business expenses, or simply no longer have a passion for the sector. Let’s simplify things by talking about the value of a third-party business valuation. When...
The finest social media sites for companies, including Facebook and Instagram, have evolved into crucial tools in the arsenal of today’s marketer. Customers are using these platforms to interact with their favorite brands and discover new companies. However, most businesses – especially small ones with limited marketing resources – can’t be everywhere at once. Because...
“Quiet Hiring” In today’s world, “Quiet hiring” is the new method of hiring for many employers. Companies like Google are trying to hire people who work in overdrive, despite the fact that some people want to be on record as working in cruise control. More specifically, Google employs “quiet hiring,” a covert recruiting approach. It...
QuickBooks is a complete accounting software suite used by countless business owners on a daily basis. It has a very simple user interface, excellent security, and more than enough accounting features for different types of small businesses. QuickBooks also has a good price point making it a popular choice in the business world. The Best...
A company can free up liquidity by optimizing cash management. We will discuss 5 Steps to enhance net working capital (NWC). We often see that leadership teams tend to put their focus on the profit and loss statement, most frequently at the expense of the balance sheet. Business fail to make the most of net...
A recession is rumored to be on the horizon. As part of efforts to tame skyrocketing inflation, the Federal Reserve raised interest rates in mid-June, its largest increase since 1994. A combination of inflation and economic contraction is now being dreaded as stagflation. There has been a lot of volatility in the stock market lately....
Tell us if this doesn’t feel familiar…. Frequently, it feels as though everyone in their field of profession is berating you for doing something the “wrong way”. The “wrong way” – according to them. You’re “wrong” because you don’t utilize a specific type of accounting software, you’re “wrong” because you do your own bookkeeping, etc. Yet,...
The second half of the year started with Friday’s jobs report, and we’re getting into the narrative this week. Our first look under the hood of the economy will be on Wednesday, then earning season will begin on Thursday. A true economic threat is emerging from Covid, which has already closed down casinos in Macau....
For many business owners today, managing surging inflation in a new experience. The responsibility and commitment to operating and growing a fiscally successful and sound business can be daunting, even more so during these challenging times. Business owners need to be creative in their approach. Inflation can have an impact on everything from materials, wages,...
Funding is a constant need for every business no matter where they are in their journey. Maybe your company is now ready to grow, and you need funding options to help it grow. If you are seeking funding, it’s imperative that you identify why you need it in the first place, as well as how...
With stakeholders wielding more influence over business outcomes than ever before, every organization needs to understand the impact they will have on operations as a result of various stakeholder groups. Investors are parties interested in a specific company; they are often investors financially. By sharing their feedback on company decisions or processes, employees can directly...
As regulatory agencies like the SEC and FDIC gain more control over profit data, financial reporting managers will be required to release accurate data. Banks, retailers, hospitals, financial services firms, and general businesses should have good job prospects both in the public and private sectors. Clients of financial consultants can be individuals or businesses...
What does SEC Services mean and stand for? As an independent federal agency, the Securities and Exchange Commission (SEC) is responsible for safeguarding investors, ensuring fair and orderly operation of the securities markets, and facilitating development of capital markets in the United States. The Federal Reserve was first established by Congress as a federal...
New managers will always make mistakes. Ownership is not always easy especially for new managers who are now new leaders who will feel the burden of their mistakes. Problems are not so easy to fix because repairs often involve hard work and extra hours. The real way is to avoid mistakes as much as possible....
PLANNING, IMPLEMENTATION, MIGRATION WHAT IS ERP CONSULTING? Accounting, human resources, sales and inventory management are all considered part of enterprise resource planning (ERP), which is a set of integrated and integrated business applications used to manage and automate numerous business functions. Additionally, depending on your ERP choice, you may be able to take advantage...
If your company has been feeling a sense of comfortability in regard to the people employed, it’s time to prepare for a shake up in the workplace. Generation Z, also known as Gen Z, are expected to make up 30% of the workforce by 2030, and they are coming in with their own set of...
Clearly, no one wants to be the victim of crime – digital or physical. But, as a business owner, you have to assume the worst so that in case something happens, you’re not caught off guard. Surprises lead to panic, and panic leads to irresponsible decision making. While you know insurance is important for your...
There is a lot of bad financial information out there- to put it lightly. What’s even worse is that while this information comes from a variety of sources, your broke cousin for one – it also comes from people who claim to be “professionals” in the “financial field”. Trusting your financial operations to someone that...
Most people dread tax season; it’s complicated, stressful, and extremely time consuming. But while no one likes to think about the subject of taxes, it’s a part of life, so it’s our team’s goal at MCDA CCG to eliminate as much of the confusion and burden as we can. If your business is a partnership...
Because paying taxes is an important responsibility for any business, it’s critical that you understand when your taxes are due. Yesterday, we took a look at the important tax/ payroll deadlines in March, and if you haven’t checked it out, we highly suggest you do so here: Important Tax Deadlines for Business Owners March 2022. ...
