You’ve decided to hire a bookkeeper - that’s awesome! Get ready for daily processes to be streamlined, organized, and tax-ready. But how exactly is this new relationship going to work - especially if you’ve hired someone who only works virtually? How can you make sure your bookkeeper gets everything she needs to do her job - without making even more work for you? Here are some tips that will help … [Read more...]
5 Reasons For Getting A Business Credit Card
If you don’t already have a business credit card, you’re not going to want to miss this post. One little card can have a large impact on how you run your business, from bookkeeping to enjoying special perks. What important advantages are you missing out on? A Stolen Card Won’t Drain Your Account One day you’re flipping through your wallet to get your business debit card. Your heart sinks … [Read more...]
Pay Yourself Already!
One of the best parts of running your own business is paying yourself, but too many small business owners don't understand how to - or worse, they put their own interests last and don't pay themselves at all! How to Pay Yourself as a Sole Proprietor As a sole proprietor, you are your business, and the IRS taxes you accordingly. Whether you actually pay yourself or not, you'll be paying taxes on … [Read more...]
The Value of a Mid-Year Check-In
Many people assume that the only time of the year they need to talk to their accountant is around tax time, but you should actually be in regular contact with your accountant - or, at the very least, have a mid-year check-in. Here are a few reasons you should schedule an appointment with your tax preparer before the Halloween decorations are out. See if you are on track with your estimated … [Read more...]
Exactly What to Include in Your New Client Welcome Packet
Continuing in our series about what you need to know during your first year in business, today we're going to look at what you need to include in a New Client Welcome Kit. Exactly what you need to include will vary based on your industry, but there are a few major elements every welcome kit should include. Details on How and When to Get Paid A stumbling block for many small business owners is … [Read more...]
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