Many of our clients agonize over starting a conversation with a lender to obtain a loan to grow their business. They don’t know where to start. Here are 3 places for small businesses to look to borrow funds.
We see the many ways the triangle of bookkeeper, business owner and accountant can truly work to everyone’s advantage! Here are a few tips for creating that unique collaboration that steers your business forward:
We see so many small business owners stockpiling receipts, using Excel spreadsheets or even pen and paper to track their sales and expenses. They’re comfortable with their system because there are few transactions, they get the information they need and they think they don’t have the time to do more.
How are you doing now that spring has sprung? Feeling lighter, brighter and refreshed? We hope both you and your business are bouncing along nicely into spring. How do you know if this year will blossom, or if parts of the business are late bloomers and dragging you down?
Sometimes bookkeeping for small businesses can be frustrating, both for you as an entrepreneur and for your bookkeeper. They slow you down by asking questions about things that you would rather not deal with, like:
When is it time to hire a CFO? I spoke to Tom Gentile, partner at part-time CFO firm BeaconCFO Plus in Cleveland, to find out. According to Tom, reaching a certain size is not the indicator. Situations cause the need for a CFO. Here are some he mentioned:
After attending a seminar about selling a closely held business, presented by Jim Aussem with Cavitch Familo & Durkin, I had to share some thoughts with you.
February is already here, and you haven’t started your tax prep yet? It happens. And it can be overwhelming!
There is a double Employer Tax whammy hitting employers in Ohio for 2017:
- FUTA Tax Credit is lower.
- Ohio Jobs and Family Services Rate is temporarily higher.
Business owners often determine their cash balance by checking what the bank shows online in the accounts at a point in time. You cannot accurately forecast cash flow unless you match and verify activity in the bank statement to QuickBooks or whichever accounting system you use.