Tag: Business Consultant
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How to do Taxes as a Small Business Owner
It’s challenging enough to run a business without adding the additional complication of filing taxes each year. Making financial decisions without contacting an accountant or financial consultant can put you at risk and ultimately cost you more money. Working with your accountant throughout the year, rather than just while preparing your tax return, is the […]
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Tips to Get Your Employees Back to Work
Assure your employees that everything will be alright. As government lockdowns ease up, people will start to come out of their homes and try to find a way back to normalcy. One thing we can expect is to come back to work. This is good news for businesses but it may also bring about some […]
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What are the costs of launching a startup?
How much money is needed to launch a business? Having a rough idea on how much money you’ll need for your startup will come in handy when it comes to estimating profits and knowing if you’ll need to make a loan. Make a plan and be prepared for the costs that you will incur, this […]
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Top 7 Accounting Mistakes to Avoid for Your Small Business
Most small business owners don’t have a background in accounting. But understanding the basics of how to manage your finances is crucial to the success of your business.
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7 Smart Ways to Save Money as a Small Business
It can be difficult for small businesses to save money from the start. They don’t always have a lot of resources at their disposal when trying to get their startup off the ground. In their first year, small business owners reported spending more than twice as much as they had anticipated. Small costs and expenses may not […]
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How A Professional Can Help You Run A Business
Small business owners have a lot of responsibility when it comes to their company. They oversee operations, take on inventory, look after clients, and manage people. All this comes while running the business and coming up with ways to stay competitive and driving sales. So what happens when they hit a wall or when they’re […]
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Starting a business in 17 steps
Taking on that daring leap from an idea to starting a business takes courage and determination. It’s a big risk and can certainly be overwhelming but the fruit of your labor will be the sweetest when you have a taste. Every business owner knows that in order to make it out there, they would need […]
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Businesses that are booming in the pandemic
We’ve all experience what COVID-19 has done to our everyday lives and to our economy. Small businesses make up the majority of the economy. With the threat of SMEs closing down—either temporarily or for good—comes a silver lining of businesses that are booming in the pandemic. With all the challenges that the pandemic has posed […]
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Helpful tips when launching your own business
Got plans to start something new? You’ll need to check out these helpful tips when launching your own business. It’s essential that you plan out your business before you even start it. Make sure all the documents and your offer will be something that stands out. Opportunities arise at many occasions and grasping that opportunity […]
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Fundamental Accounting Principles
Generally accepted accounting principles (GAAP), are common standards and procedures issued by the Financial Accounting Standards Board (FASB). It encompass the details, complexities, and legalities of business and corporate accounting. Although there are plenty of guidelines that make up GAAP, these 10 basic principles are the most commonly practiced by any business accountant. Basic Accounting Principles 1. […]