There are numerous doubts, fears, and questions that go into starting and running a business. However, within this realm of uncertainty you know one thing will always be certain: you will have to pay business taxes. If you have ever seen the consequential effects of not keeping tax compliant, you understand how critical it is...
Business success begins with intentional budgeting. With a strong financial plan, companies are equipped with the ability to plan future spending while making strategic use out of incoming revenue. Sustainable budgeting methods also help businesses measure their performance and permits management to make sudden key decisions with confidence. Poor cash flow management is a top...
Did switching your calendar to November 1st throw you for a head-spin? Us too. But while we are more mesmerized by how fast this year came and went, many business owners routinely find themselves unprepared and scrambling to correctly close their books at year-end. We know how overwhelming the year end-procedures can be, especially if...
When was the last time someone took an objective look at your business – evaluating your strategy, deciding whether it’s still the right strategy, seeing whether your operations are in line with your strategy and objectively examining your financial results? If your answer is “not recently,” then it may be time for a strategic, operational...
As a startup, cash is everything. The longer you can make it last, the better. Yet we come across many startups that seem to manage cash flow by the seat of their pants. The result can be tumultuous, with startups running dangerously low on cash, forcing founders to go without pay, dip into their personal...
Now that fall is upon us, the fourth quarter is right around the corner. As the year winds down, now is the time to prepare your small business for Q4 success, and for the year ahead. As you are well aware, the fourth quarter is full of extra holidays, which means businesses like yours will...
You will often hear people in finance talk about the death spiral. Generally speaking, this typically would involve a loan from investors to a company, and the investors would receive a type of convertible debt in return for making the loan. This type of debt would give the loaning investors the option of exchanging that...
If your business was fortunate enough to have received a Paycheck Protection Program (PPP) loan or an Economic Injury Disaster Loan (EIDL), you may have now decided that you want to pay it back for for any number of reasons: You didn’t fully understand the loan terms when you applied, You cannot use the PPP...
