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How to Track and Manage Business Cash Flow
If your business is struggling with cash flow, you are not alone. Small and medium businesses consider this particular financial metric one of their top 5 challenges. In fact, studies show a sizable portion of businesses fail due to cash flow issues. Cash...
5 Common Tax Planning Mistakes
Are you certain you're not making tax planning mistakes in your business? As an entrepreneur, you often have to wear many hats and juggle many balls. You must manage your team, focus on your product or service, and find new ways to grow your business. It's no...
Are Your Actions Aligned With Your Business Financial Goals?
As your business grows, planning and goal setting become more important to maintain your company's financial health. Your business goals should direct your overall financial strategy, including saving, spending, and...
What’s the Difference Between Tax Prep and Tax Planning (Hint: a lot!)
The most successful business owners have a clear understanding of the difference between tax planning and tax prep. Both types of financial management are valuable to companies of any size. Over time, the implementation of these two concepts is often the...
Tax Saving Strategies: 10 Deductions You May Be Missing
Despite various “tax simplification” pushes in congress over the years, the truth is that the U.S. tax code is an extremely complex system. As a result, many small business owners may be missing out on business tax saving strategies they are eligible for but don’t...
7 Common Tax Mistakes for Entrepreneurs
Have you ever made one of the seven common mistakes on your taxes? If you have, you know it’s not a great feeling. Your heart probably sank and you began questioning what it means for your business. If you’ve never had this experience, consider yourself...
How to Avoid Capital Gains Tax on a Business Sale
A business sale can get quite complicated depending on the type of business structure. When selling a business, this usually involves the disposal of various assets. As such, selling your business may result in capital gains tax. Capital gains tax on a business...
