Tag: SiliconHarborBusinessServices
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Guide to Tax Returns for Small Business Owners
Tax season may come as a challenge if you’re a small business owner and most will find it to be such a headache. If this is your first tax season, you will need to check out this guide to tax returns. Prepare your documents to be filed accurately and in a timely manner so that […]
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Reasons to support your local business
COVID-19 has affected small businesses the most and others had to make the tough and heartbreaking decision to close shop. Bigger companies can take the financial strain that has been brought about by the pandemic but the smaller guys and startups are greatly suffering. Everyone is gradually returning to normal life—albeit with some caution—and small […]
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Useful Small Business Tax Tips and Tricks
It’s wonderful when you start to manage your own small business. You play the biggest role whenever business decisions are made and you have the chance to explore and expand your network. However, it’s not all sunshine and daisies. Avoid the headache by taking advantage of some simple and useful small business tax tips that […]
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Great ways to Communicate with your Customers
Being able to talk to your customers is more than just speaking to them face to face or through the telephone. Utilizing social media and instant messaging will make reaching out to your customers easier. This is also a great opportunity for you to find out their needs and wants. Give your customers a more […]
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How to Increase Profits for Small Business
Running a small business is an adventure, and every journey comes with its own set of problems. According to a 2019 “Small Business Credit Survey” conducted by 12 Federal Reserve banks, while a slim majority of small businesses reported revenue gains in 2018, a whopping 73 percent reported an increase in operating costs as well, […]
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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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Three Helpful Invoicing Tips for Business Owners
Invoicing is a common difficulty for small businesses, especially when they first start out. Late invoices can drain cash flow and reduce profit margins that are already tight. It is, however, avoidable. These three Invoicing tips can assist you in effectively sending and receiving payments on schedule. Setting up solid systems for dealing with late […]
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A Helpful Guide to Accounts Receivable & Accounts Payable
The way the two types of accounts are recorded is relatively similar, but it’s crucial to distinguish between accounts payable and accounts receivable since one is an asset account and the other is a liability account. The Difference Between Accounts Receivable & Accounts Payable The amount of money owing to a corporation for goods or […]