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We can hear your groans from way over here, but budgeting and planning are necessities when you’re running a business. Sure, you’re busy.  Your world spins a little faster than a lot of people’s because you’re an entrepreneur.  But you’re a smart entrepreneur – which is why you’re here, reading this. If you’ve been putting…

You’re a devoted adherent of the “flat rate” pricing structure.  It’s easy.  What you see is what you get and you deftly avoid the administrative headaches associated with tracking the hours of your team. But to know the true value of your services, time tracking is a useful tool.  Here are a few reasons to…

Key Performance indicators let you know how you’re doing – for real.  These tracking and measurement tools paint a picture of your organization’s true financial wellbeing. With the information provided by KPIs, you’re able to see where your weaknesses and strengths are, allowing you to make critical course corrections that save the ship from running…

Most entrepreneurial efforts are boiler room operations at their earliest layer.  The principals are usually friends or close business associates, so there’s a lot of trust and excitement. And those early days are often very informal when it comes to keeping track of what’s coming in and going out. But the early days are when…

Retention is a big issue these days.  One of the reasons being that this market is heavily weighted in the employee’s favor.  Another is that when an employee leaves and a new employee is onboard to fill the position vacant, it’s one heck of a big investment of both time and money. And there are…

Cellphones have been the subject of uncertainty on the part of the IRS for some time, now.  Originally falling under the category listed property they were deductible, but with rigorous reporting provisions on the part of the Agency. But in 2010, cell phones were removed from listed property under The Small Business Jobs Act.  Expenses…

Planning for your finances beforehand can ultimately save you a tremendous amount of stress as well as ensure that your professional and personal goals succeed. Don’t wait until it’s too late. For many businesses and individuals, 15th April is usually a hectic day of the year in particular if you are trying to fill up…

You had the power to start your business. How do you ensure you stay relevant in the industry and avoid extinction? People open businesses every day, and some of them have failed. In as much as failure is part of progress, it is helpful to learn a few tips to help you succeed in keeping…

There is a direct relation between the overall taxes you pay and your total earnings. This particular relation can potentially lead to a high tax liability, especially for high earners. Nonetheless, federal tax rules permit precise deductions which can minimize taxes for the higher earners. As a higher earner, understanding these provisions in the tax…

Small business entities play an essential role in the business world. People are quitting their jobs to start something on their own. If you’re good at your business and it’s generally doing well, the thought of expansion must have crossed your mind. Nonetheless, keep in mind the fact that you only expand when you have…