It’s that time of the year again! As we say goodbye to what was a turbulent year for many small businesses, it’s time to wrap things up and move into 2021. This includes our 2020 taxes! While April 15 is the most recognizable tax due date, there are many other dates small and medium-sized businesses […]
How to Leverage Tax Planning in Your Small Business
Davita Pray CPA @davitapraycpa provides tax preparation, business consulting, and Quickbooks services either in your facility or at my location. She provides tax preparation with the personalization that software packages can’t. She stays up-to-date with the changing tax laws, as well as any requirements for business owners. Her business is based in West Chester, Pennsylvania. As a CPA, […]
3 Signs Your Cash Flow is in Trouble
As a small business owner, you’ll hear a thousand times over that “cash flow is the lifeblood of your business.” Even if you’re sick of hearing it, it’s important for you recognize why the saying is so popular. Cash flow management will literally make or break your small business. According to Dun and Bradstreet, 90% of […]
21 Tips for Managing Your Small Business Finances
Every small business owner must stay on top of one thing: managing the money. Cash flow is all about how money moves in and out of your business. And your goal should always be to keep cash in your business operating account as long as possible. Managing your small business finances requires a specific skill […]
How Small Businesses Can Bounce Back After Legal Trouble
If you are a small business owner that is trying to recover after a legal setback, there are a lot of things to consider and keep in mind. Sometimes the legal troubles are unintentional or unlucky, and in order for a business to recover, it’s important to take the appropriate measures in order to bounce […]
Business Loans: How to Compare and Choose the Best One
Being a business owner can be both a thrilling and anxious-filled experience. This is especially true for those who are about to start a new business, as they usually have numerous financial worries. In these scenarios, business loans can represent a helpful tool to address these problems. The process of getting a business loan is […]
4 Overlooked Business Expenses for Startups and Why You Shouldn’t Ignore Them
All startups make a checklist for business expenses. These lists generally include costs for incorporation, marketing, advertising, website development, employees’ salaries and benefits, rent, production, and insurance for the property. These are pretty standard costs that most businesses have to deal with. But there are other hidden costs that many startups tend to ignore or […]
Ways to Manage Your Cash Flow as Your Small Business Grows
One of the earliest lessons I learned in business was that balance sheets, and income statements are fiction and that cash flow is reality. It would be best if you learned quickly that metrics like profits, sales, or net worth don’t impact the day-to-day operations of a small business as actively as cash flow. But […]
How to Qualify for PPP Loan Forgiveness
If you were one of the fortunate small businesses that we’re able to secure a Paycheck Protection Program loan (PPP loan), I know you want to make sure that you don’t need to pay it back. I’ve been doing some digging on this, and I hope this post will provide guidance and a better understanding […]
How to Build Business Credit
Building good business credit is an essential step for every new business because it allows you to keep your business and personal credit separate, and it gives you the purchasing power you need to grow your business. If you’re a small business owner, we’re going to look at how you can build your business credit […]
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