Boost Revenue with Mobile Solutions

Could you improve your closing rate with a mobile app? If you own a tablet or mobile phone but aren’t taking advantage of mobile sales tools, you’re missing out on the opportunity to shorten your sales cycle and boost your bottom line. From CRM apps to invoicing and payment technology, there’s a mobile solution for your small business that can make it easier to convert prospects to customers – and…  Read more

4 questions you should ask your accountant

Ideally, you and your accountant are more than just “adviser” and “client”. With your combined skills, expertise, and shared mission to support a thriving business, you’re more like strategic partners. The key to achieving success in any partnership is, of course, strong communication. At your next meeting, be sure to ask your accountant these four important questions. 1. What’s my best strategy for increasing revenue? Every business owner strives to…  Read more

Use your Accounting Software to Boost Sales

If you think accounting software is just for tracking expenses and generating financial reports, you’re losing out on an opportunity to improve your bottom line. By taking advantage of insights provided by your software solution, you’ll benefit from a more informed approach to marketing and customer service – and by making the most of all the ways your software can improve productivity you can take meaningful action to increase profits.…  Read more

5 Apps for Tracking Small Business Expenses

Did you know that 50% of small business expenses are generated on the go? It’s no wonder the majority of expense receipts end up shoved in coat pockets or an old shoebox. In spite of all of the high-tech options out there, 47% of small businesses are still using spreadsheets for expense management, leaving room for errors that could really hurt their bottom line come tax time. Why not take…  Read more

Three Ways an Accountant Can Save You Money

Many small business owners think they’re saving money by handling their financials themselves. While it’s a real asset to learn bookkeeping basics, cash flow management and your tax obligations, hiring an accountant to oversee your finances has many benefits. Leaving your books to a pro will free up time so you can focus on serving your clients and implementing plans for growth. Here are a few ways an accounting professional…  Read more

Reforma tributaria para negocios

La Ley de Empleos y Reducción de Impuestos (TCJA) del 2017 fue promulgada con el próposito de fomentar el crecimiento económico y estimular las inversiones de negocios. Todos los dueños de negocios verán cambios en sus preparaciones de impuestos. Es importante conocer los puntos más destacados de la ley. Corporaciones C: Las entidades que llenan sus impuestos en la Forma 1120 son corporaciones C. La tasa de impuestos para las…  Read more

Tax reform for business owners

The Tax Cuts and Jos Act of 2017 (TCJA) was enacted with the intention of spurring economic growth and stimulating business investments.  All business owners will see changes in their tax returns.  It is important to sort out the key points of the tax reform. C Corporations: Entities that file their taxes on Form 1120 are C Corporations. The tax rate for C Corporations was reduced from 35 percent to…  Read more

9 reasons to switch to cloud computing

Don’t be left up in the air by traditional IT solutions. Check out the top 9 advantages for small businesses switching to cloud computing. Cloud computing is fast becoming the norm because storing information and using software hosted on the Internet has many advantages. 1. Save money Traditionally, a small business spends money licensing software or buying packages to install or download onto individual computers. Cloud computing, on the other…  Read more

Why Bookkeeping is Crucial to Your Success

Keeping track of sales, earnings, expenses, and purchases is fundamental to the overall health and sustainability of your business. Effective bookkeeping produces the data you need to evaluate your current practices, anticipate challenges, and set attainable future goals. But despite their proven importance, many business owners dread and avoid accounting tasks. In fact, 40% of surveyed entrepreneurs claim that bookkeeping is one the worst parts of running a business! Wondering…  Read more

Crédito por hijos: buenas noticias, malas noticias

Las familias han estado acostumbradas a reembolsos anuales gracias a diferentes créditos for sus hijos dependientes calificados. Los créditos fueron creados para ayudar económicamente a familias de bajos o moderados recursos. Primero las buenas noticias. El Crédito Tributario por Hijos, conocido en Inglés como Child Tax Credit (CTC),  se duplicó a $2,000. La parte reembolsable llamada Crédito Tributario por Hijos Adicional (Additonal Child Tax Credit ACTC), aumentó a $1,400. Se…  Read more

Child Tax Credit : good news, bad news

Families have come accustomed to rely on different credits based on qualifying children to increase their annual tax refunds. The credits were created for that same reason, to help economically growing families. The good news first: the Child Tax Credit (CTC) doubled to $2,000. The refundable amount, also known as the Additional Child Tax Credit (ACTC), increased to $1,400. If a taxpayer does not have a tax liability before the…  Read more

Tax Season Tips for Small Business Owners

Preparing for tax season is really a year-round endeavor. Tip number one for SMB owners is to update financials on a monthly basis, using a streamlined software or cloud-based system. This way, come tax time, everything you need is all in one place. And well organized SMBs are better positioned to minimize their tax bill while avoiding penalties associated with missing or inaccurate information. Here are four more ways to…  Read more

10 key changes you should know before you file your 2018 taxes

The Tax Cuts and Jobs Act (TCJA) of 2017 brought a lot of changes to the tax law. The tax reform went into effect in 2018. The first tax returns affected by the reform  will be filed by April 17, 2019.  There are some major changes you should be aware before you file your personal income taxes. 1- New Form 1040: Forms 1040A and 1040EZ have been eliminated. In an…  Read more

10 cambios importantes que debe saber antes de llenar sus impuestos del 2018

La Ley de Empleos y Reducción de Impuestos (TCJA), aprobada en Diciembre de 2017, hizo muchos cambios a la ley tributaria. La reforma tributaria entró en efecto en el 2018. Las primeras declaraciones de impuestos afectadas deben de ser llenadas antes de Abril 17, 2019. Existen cambios importantes que debe conocer antes de llenar sus impuestos personales. 1-Nueva Forma 1040:  Las Formas 1040A y 1040EZ fueron eliminadas. Para simplificar el…  Read more

Workable New Year resolutions

New Year resolutions – we’ve all made them, and broken them − often before the end of January. There’s something about New Year celebrations that makes us yearn for a fresh start, but is there a way to make that desire for change more permanent? Here’s a twist that can make your resolutions more durable, more beneficial and less prone to that embarrassing quick fade. Align goals to your business…  Read more

Efficient business systems really pay off

Too many businesses fall over because the owner has not established efficient business systems. This typically happens because the business owner is so caught up in the day-to day running of the business that the fundamentals of good business management get forgotten. Often too it must be said that the owner simply doesn’t like bookkeeping or other administrative tasks, so these get put on the back burner. The symptoms are…  Read more

Update your business plan for a new year

As another year winds down, it’s a good time to reflect on your recent business successes – and consider what you’d like to achieve in the coming twelve to fifteen months. These tips can help you with the process of making plans to help guide your business to greater success. Set priorities Entrepreneurs are typically highly creative and optimistic; as a result, they often have difficulty narrowing down their ideas…  Read more

Tax tips for new business owners

Want to avoid paying more than you should come tax time? Or a frantic last minute search for missing financial records? New business owners have a lot on their plate, and can easily lose track of an approaching tax deadline or financial data needed to submit their return. Organization is key when preparing for tax time. As is taking advantage of the many tools and resources out there to support…  Read more

What to do if you get audited

No business owner looks forward to a letter from the taxman requesting a closer look at the books. If you’ve received an audit letter – an official request by the tax authority to review your accounts and confirm your taxes have been paid to date – don’t panic. Prepare. These four steps will help you get through the process with minimal stress and the best possible outcome. Respond promptly If…  Read more

10 Money-Saving Tips for Freelancers

While working at home as a freelancer sounds like the ultimate dream for anyone who tires of the rat race, freelancers still have more than their fair share of financial matters to worry about. In fact, perhaps the most important trait that any freelancer should have is the ability to be fully responsible and accountable to themselves, and saving money is something that you will be wholly responsible for. 1.…  Read more

Want to grow your business? Our Free Resources will Help