If you’ve hired a bookkeeper, you probably know what we do: keep your books, manage your financial reporting, cut checks, provide documents and reporting for taxes. But what you may not be aware of is all the ways your bookkeeper can help your business. In this article, we will take you through 5 ways that bookkeepers can help your business run better, saving you time and money...and setting your … [Read more...]
3 Things You Can do Before Year End to Minimize Next Year’s Tax Burden
With year end fast approaching, many of our clients are looking ahead to next year’s taxes. You may be wondering if there is a way to minimize your tax burden for next year. Especially if you had a good year and your cash flow is...well, flowing.The good news is, there are a few things you can do, but you need to get going on them ASAP. So we've provided a list of the top three quick and easy … [Read more...]
Tips to Manage Cash Flow Early in the Year
We’ve talked about cash flow before. It's the lifeblood of your business, so it’s important to pay attention to it. And whether your company’s cash flow is high or low, there are always strategies to improve it. What causes that beginning-of-the-year dry spell? Every business is different, but many businesses experience a dip in cash flow in January and sometimes into February. There are many … [Read more...]
How to Create an Accurate Budget: Look Back
Many companies and individuals spend time creating and monitoring a budget. You know how it goes--if you’re a company, you look at your sales, and if you’re a person, you look at your pay stubs. Then you look at your bills. You think about how you want to save money. You wish you could save more, so you decide you’ll tighten your belt. The result? You come up with a budget that could only be … [Read more...]
Understanding and Utilizing Cash Flow
I often hear clients speaking of cash flow, typically when they do not have enough liquid funds coming through or when they are happy because their clients are paying very well. I seldom hear them talk about the reciprocal effects of cash flow for their business and hence for their household as related to their balance sheet.We are in terrific economic times right now. Banks are lending, … [Read more...]