The end of the year is fast approaching; keep more of your money instead of paying it out in taxes. I often hear accountants recommend spending your money, so you have fewer taxes. I disagreed because the more you spend, the less cash/capital you have. However, some scenarios would justify spending to avoid taxes; here […]
Need to save $1,000,000 to start your business? Here’s how to make it happen. So you are thinking about starting a business. Maybe it’s a clothing store, business services, or manufacturing. No matter the type, you’ll need to put aside some savings to accomplish this goal. In addition to covering expenses such as rent, equipment purchase, salaries […]
So you’ve had the idea for a while and you’ve finally started your business. The orders are coming in and you are trying to keep up with demand, but something is not adding up. On paper sales are on target, the orders have come in, goods have been delivered, but your bank account is in […]
If you happen to be involved in the business of kittens or coffee cups (aka, pet care product distributor or café operator), accounting often fades into the back of your mind. Nonetheless, your accounting validates your business achievements. So resolve to follow the money this year. We know… resolutions are hard to keep. As the year moves […]