Tag: small business support
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6 KEY MONTHLY BOOKKEEPING CHECKLIST ITEMS
6 KEY MONTHLY BOOKKEEPING CHECKLIST ITEMS Balance your checkbook Review your budget and compare it to your actual spending Reconcile your bank statements Update your contact information for bills, subscriptions, etc. File away any important receipts or documents Check in on your retirement and investment accounts Silicon Harbor Business Services is based in Mount Pleasant, SC. […]
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What is Sensible Investing?
Sensible investing is an approach to managing investments that prioritizes long-term growth, risk management, and financial stability. It typically involves several key principles: Diversification: Spreading investments across a variety of asset classes, such as stocks, bonds, real estate, and cash equivalents, helps reduce the impact of any single investment’s poor performance on the overall portfolio. […]
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Reminder- Filing Due Dates
Reminder that 941 Quarter 4 forms are due today, January 31, 2024. Form 1099 MISC recipient copy deadline is January 31. If you are filing through paper forms, the due date is February 28. The electronic filing due date is March 31 for the 2023 tax year. January 31, 2024 is the deadline to file […]
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What are some of the reasons for a business to go bankrupt?
Business bankruptcy can occur for various reasons, and it’s essential to understand the underlying causes to prevent financial distress and bankruptcy. Some common reasons for a business to go bankrupt include: Poor Financial Management: Inadequate financial planning, budgeting, and cash flow management can lead to financial instability. Failing to monitor expenses, revenue, and profit margins […]
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Get the right team to have a successful startup
Managing a startup is hard work and most of the time, you’ll be needing people who have your back to keep it going. Let’s face it, it’s nearly impossible for one person to cover all of the managerial and operational needs that a starting business needs to survive. This is where a good team comes […]
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Reasons Why Your Business Needs an Accountant
Do you ever think your business needs an accountant? There is a high percentage of small business owners shutting down after just a year of operation and most of the time it is due to making wrong financial decisions. Most small business owners don’t hire an accountant so they take on all the financial responsibility […]
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Basic Steps When Starting a Business
Where should you begin when starting a business? Each person’s ideal timeline for launching a new business is different. First and foremost, you should start a business when you have enough free time to dedicate to it. You’ll need to be resourceful with funds once you’ve started your business idea and are ready to start working […]
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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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Small Business operations during a pandemic
Employee and business preparations for the effects of COVID-19. With all that is going on around the world, everyone is taking extra precaution whenever they step outside of the safety of their homes. Essential workers and business owners keep the economy running by bravely operating during dangerous times. As a small business owner, your employees’ […]
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Surviving during a pandemic
What can you do as a business owner to deal with the current crisis everyone is facing? No one else is hit more painfully by the global issue more than small business owners. There are many roadblocks that small businesses have to deal with to survive and an impossible amount of situations to try and […]