Remember back when you had to decide on a name to register your new business, forming a limited liability company—LLC? Now your small business has grown up thanks to your hard work and dedication. You may have outgrown your current legal status and it’s time to change from an LLC to S Corp
Subscriptions are the most important revenue stream for software-as-a-service (SaaS) businesses. Yet many accountants don’t correctly record that revenue in the company’s books. This makes it difficult to see your true financial position and make informed decisions. What Is Deferred Revenue Say your customer pays you $6,000 for a 1-year subscription. Instead of
Imagine being able to erase what you thought was an unavoidable cost of living or doing business. That’s exactly what you can do if you reside or locate your business in one of the seven — soon to be eight — U.S. states that don’t have an income tax: • Alaska • Florida
Did you know that before the Women’s Business Ownership Act of 1988, many states required a woman to have a male guarantor for her business loan? Times have certainly changed since then. In fact, 40% of U.S. businesses are now owned by women. You’d think banks couldn’t afford to ignore such a large
You’ve probably read in some of our other blogs that you shouldn’t put personal expenses on your business credit card (and vice versa). But there are also some business-related expenses that shouldn’t really go on that card, either. Why Have a Business Credit Card? In the first place, it just makes life easier
You’re just a small business. Is it really necessary to go beyond an Excel spreadsheet to keep track of finances? Well, it may not be absolutely necessary, but it sure would save you a lot of time and hassles. Here are 4 ways spreadsheets let you down — and accounting software does it
When your balance sheet isn’t showing a healthy profit margin, there are two routes you can take: raise your prices or cut operating expenses. Which is the riskiest? Most business owners would say it’s raising prices, for a variety of reasons ranging from competitive pressures to possible loss of customers. So, if your
The vast majority of small businesses need a loan to get started or take advantage of a growth opportunity. That’s all perfectly normal. But what if the amount of debt — not to mention all that pesky interest you’re paying — is causing you sleepless nights? Then you’ll want to pay down that
All too often, new start-up businesses go with the accounting software that seems to be cheapest, or most popular, or as recommended by their father-in-law (even though his business is totally different). A couple of years down the road, it becomes clear that their choice is not really meeting their needs — costing
Did you know that you don’t have to register your limited liability company (LLC) in your home state? Instead, you can file in one of the states below, and save considerably on fees and state income taxes. There are also advantages to keeping all the paperwork close to home. Before you decide which
Remember back when you had to decide on a name to register your new business, forming a limited liability company—LLC? Now your small business has grown up thanks to your hard work and dedication. You may have outgrown your current legal status and it’s time to change from an LLC to S Corp
Subscriptions are the most important revenue stream for software-as-a-service (SaaS) businesses. Yet many accountants don’t correctly record that revenue in the company’s books. This makes it difficult to see your true financial position and make informed decisions. What Is Deferred Revenue Say your customer pays you $6,000 for a 1-year subscription. Instead of
Imagine being able to erase what you thought was an unavoidable cost of living or doing business. That’s exactly what you can do if you reside or locate your business in one of the seven — soon to be eight — U.S. states that don’t have an income tax: • Alaska • Florida
Did you know that before the Women’s Business Ownership Act of 1988, many states required a woman to have a male guarantor for her business loan? Times have certainly changed since then. In fact, 40% of U.S. businesses are now owned by women. You’d think banks couldn’t afford to ignore such a large
You’ve probably read in some of our other blogs that you shouldn’t put personal expenses on your business credit card (and vice versa). But there are also some business-related expenses that shouldn’t really go on that card, either. Why Have a Business Credit Card? In the first place, it just makes life easier
You’re just a small business. Is it really necessary to go beyond an Excel spreadsheet to keep track of finances? Well, it may not be absolutely necessary, but it sure would save you a lot of time and hassles. Here are 4 ways spreadsheets let you down — and accounting software does it
When your balance sheet isn’t showing a healthy profit margin, there are two routes you can take: raise your prices or cut operating expenses. Which is the riskiest? Most business owners would say it’s raising prices, for a variety of reasons ranging from competitive pressures to possible loss of customers. So, if your
The vast majority of small businesses need a loan to get started or take advantage of a growth opportunity. That’s all perfectly normal. But what if the amount of debt — not to mention all that pesky interest you’re paying — is causing you sleepless nights? Then you’ll want to pay down that
All too often, new start-up businesses go with the accounting software that seems to be cheapest, or most popular, or as recommended by their father-in-law (even though his business is totally different). A couple of years down the road, it becomes clear that their choice is not really meeting their needs — costing
Did you know that you don’t have to register your limited liability company (LLC) in your home state? Instead, you can file in one of the states below, and save considerably on fees and state income taxes. There are also advantages to keeping all the paperwork close to home. Before you decide which
