Accounting services not only save valuable time, freeing you to do the tasks that you find most rewarding, but they also allow you access to a professional who can find and fix financial problems before they get out of hand. In particular, CFO services are especially useful because they provide timely insight so that companies can make positive changes. This is not to say that a CFO can comple...
Rebecca Sato never meant to become an entrepreneur.
When Cristian Rennella and his business partner, Hernán Amiune, founded ElMejorTrato.com in 2008, the internet was a very different place. Smartphones were just hitting the mainstream, and mobile web browsing was basically unheard of. A programmer had one job: make a website that works on a computer, period.
In today’s digital economy, the ability to run your business from the palm of your hand is becoming a necessity. This may include posting to your business social media accounts, accessing your marketing tools and customer relationship management platform. Being able to access your books from any device and any location should also rank high on the list.
There’s not an entrepreneur on this planet who doesn’t want to get paid more. Even if money isn’t what drives you, you’d just plain be a bad businessman to turn down more cash for the same amount of work. Money opens doors, and with more of it you’d be able to funnel more money back into your business, pass profits on to your employees, invest in philanthropic initiatives and so much more. So,...
A typical small business owner is deeply involved in the day-to-day operations of their company. They are concerned with things like customer service, innovation, new client acquisition, hiring, conserving resources and making money to keep the doors open. Not surprisingly, when tax season rolls around, it throws a wrench in their entire workflow.
Ah, inventory. The bane of a retailer’s existence. Whether you sell clothing, car parts or cat food, inventory is a necessary evil. But it’s much more than that; it’s an important business component that, when managed effectively, can help you maintain tight margins and trim overhead. When managed poorly—or not managed at all—it can be a money pit.
Annual tax time is almost here. And if you’re an e-Commerce business you’ve already got a number of legal considerations on your plate. Things like: What payment gateways should I use? How should I handle trademarks, patents and copyrights? Are there any shipping restrictions to get products to my customers? What are the lease requirements for holding inventory in my building?
Mind over matter. Where there’s a will there’s a way. If you can dream it, you can do it. They’re sayings you’ve heard over and over again, and they all have one thing in common: the power of a determined mind.
When people think about New Year resolutions, “tidying up the books” may not be the first thing that comes to mind. However, if you want to take your small business to new heights this year and beyond, this is exactly where you should start. More specifically, ensuring that your Chart of Accounts is well-organized should be a priority for any small business that wants to stay financially healt...
When you’re an entrepreneur, it can feel like you’re an army of one. You’re the leader, the captain of the ship. But you’re also the chief innovator, strategizer, salesman extraordinaire and signer of paychecks.
It goes without saying that your accountant should have a keen understanding of who pays you, who you pay and how to maximize your returns on investments. Because your accountant is so intimately involved in assisting with your financial decision-making needs, the relationship should be one that is built on a foundation of trust and transparency. However, sometimes when that level of comfort no...
“People will kill you over time, and how they'll kill you is with tiny, harmless phrases, like be realistic.”
The relationship with your accountant is one of the most important for business success. He or she is the person you rely on to help you make informed decisions that can change the direction of your business. But what happens when you lose confidence in your accountant? Maybe they are no longer as responsive to your questions or they are distracted with other clients.
Social media is ever-evolving. The strategies that worked two years ago are now outdated, and if you don’t adapt you’ll quickly fall behind.
Choosing equipment for your small business can be equal parts exciting and stressful. Apart from selecting the right type of equipment, there are many considerations to make when choosing between leasing and buying equipment that affect your small business accounting needs. These include upfront costs, maintenance costs and of course, tax implications.