Are you using MS Excel to track and manage your finances? You probably begun the management of your business finances using MS Excel spreadsheets to determine income, expenses, and profits. As your business grows, it becomes necessary to probe the…
Can you account for every dollar and cent in your business? Astute business owners typically answer yes to this question – and they mean it too. On the other hand, have you planned how you will spend every dollar and…
The first quarter of the year is over, and I hope you are well settled into 2022. Now is the time to refocus on your big goals. The books I am recommending for you this quarter are bound to inspire…
Positivity and taxes are two words you do not expect to find in the same sentence. Well, taxes can be positive for your small business. Your small business is more than an avenue for you to grow professionally and increase…
Did you know that you should pay yourself first as a small business owner? For many small business owners, answering yes to the above question seems counterintuitive. You are busy investing in your business with both time and money. How…
“Failing to plan is planning to fail.” ~ Benjamin Franklin Any small business owner understands the importance of financial projections to guide their business strategy. How can you get started with creating your financial projections? You can choose to use…
“If I lose this client, am in trouble! “ It feels amazing to get your first major client, paying you more than all your other clients put together. This is common with small businesses that tend to have a singular…
Did you know that the U.S. tax code is around 70,000 pages long? No wonder, as a small business owner understanding your tax obligations can be overwhelming. Unfortunately, tax reduction cannot be achieved overnight, which is why you need a…
Too many to-do’s, and the lack of expertise to get it all done could leave you feeling helpless. As your business is growing, simple tasks are increasing in complexity. As you go through this phase, it becomes clear that you…
In a few weeks, you can put some money back into your business. This comes down to how you file your taxes. To bring down your taxable income, here are three approaches you can use. Auto Expenses Are you using…
