The COVID-19 pandemic has exposed the financial fragility of many small businesses. In the early months of the pandemic, survival was vital – especially with the uncertainty surrounding the end of the pandemic. Lockdowns, travel restrictions, social distancing, and curfews…
Are you looking to lower your taxes? Now is the perfect time to go through a tax year-end checklist in readiness for the upcoming financial year. As part of your tax planning, you can get a comprehensive analysis of your…
Payroll is a time-consuming task that many small business owners struggle with. It can be an additional burden when new laws are constantly being created and updated. Wouldn’t you rather spend your working hours testing different marketing strategies to help…
If you’re looking to refinance or take out a new loan with low-interest rates for your medical practice, the Economic Injury Disaster Loan (EIDL) may be an option. The EIDL is designed specifically for business owners like you, who are…
As a small business owner, it may be admirable to say that you went into business to pursue a dream, make a difference, or even help others. While these are valid and real reasons for running a business, profit is…
Small business owners find it impractical to hire an entire team of staff. Hiring a virtual firm is the perfect solution for specialized tasks like accounting and bookkeeping. The alternative is for the small business owner to take on multiple…
Tax deductions and tax credits have one thing in common. They offer you a benefit. It is essential to differentiate between the two so that you ensure you do not overpay your taxes. Knowing the difference between the two will…
Each year, progressive business owners take steps to elevate their businesses. This requires strategy, as well as sound decision-making using comprehensive information. The most essential information needed is financial information, which reveals profits, losses, expenses, investments, and more. The right…
Virtual accounting and bookkeeping are the future for many small businesses. Going virtual opens fantastic possibilities for a small business owner, particularly with access to financial experts on demand. The process of implementing virtual accounting is straightforward and cost-efficient. Here…
As a small business owner, there are different ways that you may measure financial performance. When your expenses are lower at the beginning of your business and clients fewer, it is pretty simple. You look at the amount paid and…
