Before you know it, you will be flipping the calendar to 2016. Before that happens, though you still have one week to work toward reducing your tax liability and improving your company’s overall financial standing. At our virtual accounting office, we suggest the following, and can help you with these end of year financial strategies:..
read moreThe winter holidays are always a time of reflection. As this year ends and we move into a new year, decide what you will take with you and what you will leave behind. Take memories; leave regrets. Take lessons; leave pain. Take wisdom; leave failure. Take forgiveness; leave guilt. Take compassion; leave judgment. Take faith;..
read moreIf you’re a solopreneur or an entrepreneur of any size, chances are you will need an accountant and/or a bookkeeper. Why? Because unless you are a bookkeeping or accounting professional and understand the nuances of tax filing, IRS regulations associated with income and expenses, and payroll, you will want to focus on your business’s core..
read moreIt’s been said more businesses are started during a down economy and while that may be true, many businesses that are started as a “whim” are those likely destined to failure. The reason is that you can’t simply create a business without having a focus and even a niche. (A two-year bankroll helps, too!) For..
read moreEvery business owner knows that employee turnover can negatively impact your business’s bottom line. If you’re running a business like my virtual accounting business, hiring the best possible employees is crucial to your business and its bottom line and to the happiness of your clients. High turnover means loss of productivity. It means you will..
read moreIf you’re an entrepreneur or business professional, your life is busy. Sometimes it may be crazy busy! At times like that your best laid plans for the day can get juggled around by surprise opportunities or things that don’t go as planned or any one of a dozen other reasons. The result is that a..
read moreEven though I run my virtual accounting business from the comfort of my home and in the wonderful weather Arizona has, I know many of my clients don’t have the luxury of almost year round sunshine. That means in some parts of the country, they deal with the winter doldrums. As entrepreneurs, we can’t let..
read moreEntrepreneurs have so much on their plates that many of them don’t want to, or don’t have the time to, address their bookkeeping and accounting chores. As virtual accountants we know this is true. We also know that tracking income and expenses and maintaining proper records for tax and accounting purposes are crucial tasks that..
read moreAs a virtual accountant I know there are many do-it-yourself accounting software programs that an entrepreneur can utilize. Remember though, just because you own a swimming pool doesn’t mean you know how to clean a swimming pool. This means that just because you own the software for your business accounting, doesn’t mean you know how..
read moreMost two-year old children have a small vocabulary and a favorite word: WHY? They accept nothing at first glance and question everything! “That’s the way we’ve always done it” doesn’t satisfy the curiosity of a toddler and it shouldn’t satisfy you either. Not every time, but at least annually, you should explore the concept of..
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