A Better Financial Education

Budgeting and Forecasting? Do I have to?

The What  As a business owner, you probably are familiar with these two words: budgeting and forecasting. But what do they mean? Budgeting involves creating a detailed plan for income and expenses over a specific period, such as a month, quarter, or year. A budget typically includes projected revenue, costs, and expenses, broken down into specific categories such as salaries, rent, utilities, and supplies.  Forecasting involves predicting future business performance, such as revenue growth, market trends,

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small business

Small Businesses Are the Backbone of the Economy

Small businesses don’t get a whole lot of attention in the business world. Business reporters seem to only give press to big businesses—their profit and loss data, their newest product, a corporate scandal. Yet, 99 percent of all businesses in

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Business Planning on a Budget

Business Planning on a Budget

For small businesses, business planning is key. Many studies have shown that small businesses with a business plan have a greater chance of seeing growth and success. However, much like many parts of running a business, professional business planning services

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new tax deadline

New Tax Deadline on July 15

The COVID-19 pandemic has hit businesses hard. To help them stay afloat, the federal government and the IRS pushed the tax filing and payment deadline to July 15, 2020. There’s Still Time! For many businesses, tax season is a last-minute

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economic impact on small businesses

The Economic Impact on Small Businesses

What happens in the economy affects all businesses. Small businesses are often the most impacted by the economy, whether it is an upswing or a downswing. In a strong economy, small businesses see an increase in business that correlates to

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Learn how to maximize your loan forgiveness

Roadmap to Recovery: Maximizing PPP Loan Forgiveness

The next step on your business’ roadmap to recovery is maximizing your Paycheck Protection Program loan forgiveness. These loans give business owners the power to maintain their company and keep their employees on the payroll, without worrying about paying the

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undertanding the paycheck protection program

What is the Paycheck Protection Program?

As part of the CARES Act passed by Congress on March 26, the federal government is implementing many programs to help businesses. One such program is the Paycheck Protection Program (PPP), meant to incentivize small business owners to keep employees

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Be Prepared fror Tax Season

What You Need to Prepare for Tax Season

Tax season can be stressful, especially when the stakes for small business owners are already so high. When tax season rolls around, you can trust your taxes to an experienced tax accountant. With some basic documents, your tax accountant can

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What you may not know about bookkeeping

Hidden Truths About Bookkeeping

What is bookkeeping? Bookkeeping is different from your day-to-day accounting operations. An accounting professional will give you a high-level interpretation of your financial data. In contrast, a bookkeeper is intimately acquainted with the financial dealings of your business. They can

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Hire a tax accountant

3 Reasons to Hire a Tax Accountant

Some business owners opt to take on their own tax forms every year. However, unless they have accounting experience, it probably takes a lot of time. With a tax accountant, they’ll save time and money on their tax filings. A

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