Like most of our Blog posts, this was born out of many questions from clients about this topic. So we decided to post this as a resource for your and any other S-corp business owner out there. Here’s the issue: how do you pay yourself as an owner of S-corp and stay out of trouble […]
Reasonable Compensation for S-Corp owners Read More »
Let’s face it, keeping on top of your business finances is a JOB of its own! Cash flow, budgets, retirement, best investment strategies…you get it, a lot to keep track of. And if you get lucky enough to have a good Financial Adviser and a good Tax Accountant, you can have the best advice that
Why Business Owners Need Tax Planning + Financial Planning Read More »
Every business owner goes through the process of deciding how to hire someone when they get to the point where they’ve outgrown their current situation or just need a bit of extra help. You’ve found the right candidate and now you need to decide whether or not to hire a contractor or employee…this is where
Employees Vs. Contractors Read More »
We love the holidays and the season of gifts, getting together with family and friends and frankly just kicking back. But as you un-plug for a few weeks this is a great time to think about the new year and making positive changes for your business. Here’s our top tips for changes you can make
Top Year-end Tips For Your Business Read More »
Don’t get caught at year-end with nasty surprises. Read our post about how to prepare for next year.
Year-End Small Business Checklist Read More »
If you’ve been in business for any amount of time, you’ve probably heard something about keeping your receipts. And we’ve heard some good myths about when and when you don’t have to keep them. We’re here to set the record straight and tell you exactly when you need to keep receipts. First, let me explain
Business Receipts: When & How To Keep them Read More »
“My bank says I have $5000, but my Profit and Loss says I made $10,000… huh?!” Ever asked this question? With this post, let’s dive into one of the most mis-understood and under-used reports that you have in your accounting software arsenal: Statement of Cash Flows (aka Cash Flow Statement). This statement will answer the
The Cash Flow Statement and How to Use It Read More »
Whether you’re budgeting for your business, organization, or a department you’re in charge of, it can be a daunting task! But believe it or not, the nuts of bolts of how to create, manage, and execute a budget is the easy part. Most often, the challenge is to train ourselves how to treat the funds
Budgeting: Reactive or Proactive? Read More »
In our effort to educate the small business owner in how to keep more of their hard earned money, often we get asked: So what is better ROTH or Traditional IRA’s? So we asked a local Financial Expert to explain the differences. What type of IRA (Traditional or Roth) best meets your financial goals?
Financial Planning Corner: ROTH vs. Traditional IRA Read More »