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When re-investing, it is wise to find the best tools to get the job done correctly. In order to alleviate some tax liability, implementing cost segregation has the potential to vastly minimize taxes due.

Gone are the days in which a team of trained professionals was needed to mercilessly hammer payroll data into spreadsheet after spreadsheet, making mistake after mistake late into the proverbial night, or at least they should be.

Tax season is upon us! It’s the time of year us mere mortals are tasked with decoding the alphabet soup that is IRS tax forms. There is the potential that things can sound even more confusing once you are no longer filing just a standard tax form.

An A/R collections policy is an absolute must for any business that wants to operate efficiently. A strong policy will ensure continuity throughout the business, make sure that losses are minimized, and resources are allocated efficiently, and that customers are treated fairly and continue using the business’ services.

As everyone is trying to learn new ways to manage the COVID-19 effects on their personal and professional lives, many businesses are trying to learn how to navigate monthly closing remotely.

While there may still be some time before the tax filing deadline of April 15th, it is important to have all of your tax documents in order ahead of time.

Never think it can’t happen to you, your business, your store, or your team. Fraud is an insidious crime that will hide in plain sight before entrepreneurs and optimistic C-level executives alike.

In the freelance or small business world, late invoices are frustrating at the least and highly problematic at the worst. As a freelancer or small business owner, it’s essential to business that invoices are paid on time so that employees can be paid, bills will be on time, and so forth. Thus, implementing a process for charging late fees can deter customers from paying their invoices late.

As great as it would be if all customers were honest customers and paid what they owe every time, every once in awhile, you’re bound to run into a bad egg or two. Writing off bad business debts may require changing your business accounting up quite a bit, but in the end, you will likely find it highly useful for balancing income and loss.

Creating a successful start-up involves completely understanding your financial landscape. In order to do so it is important to be able to create forecasts and projections for your startup.