Author: Ken Boyd
7 common accounting practices you should stop using for your business
The number one thing you should get help with when starting a business is setting up financial systems, according to a recent QuickBooks survey of 965 seasoned …
A small business owners’ complete guide to accounting
As a small business owner, we know you’ve got a lot on your plate. Between managing supplies and satisfying customers, the last thing you need …
Your complete small business tax prep checklist
It’s nearly that time of year again: tax time. Preparing your taxes may seem like an annoying task that distracts you from running your business, but …
Guide to employee benefits for small businesses
To build a great team, it’s important to retain your best employees. One of the most influential factors in keeping employees happy on the job …
8 ways to bulletproof your small business with insurance
Financial losses from a product defect, data breach, serious illness or work-related automobile accident can force business owners to close their doors if they’re not prepared. The …
Your complete small business tax prep checklist
It’s that time of year again: tax time. Preparing your taxes may seem like an annoying task that distracts you from running your business, but filing …
How to create a business budget
Running your own business presents unique opportunities for you to be your own boss, bring your entrepreneurial vision to life, and direct your financial future. But …
A small business guide to balance sheets
A company’s balance sheet is one of several important financial statements that report on its performance. But to understand the importance of a balance sheet, you …
How to start a small business in California
California can be a great place to start a business, and the state supports small business owners. According to Business News Daily, “California is home to more than 4 …
The ultimate guide to tax deductions for the self-employed
Filing your taxes as a W-2 employee can be overwhelming. But, when you’re self-employed, the labyrinth of paperwork and potential tax deductions creates a tax situation that’s enough to …
How to handle small business insurance claims
Managing a small business involves risk. A fender bender in the company car, or a customer slip on a wet office floor, can create business liability. Whatever’s …
8 ways to bulletproof your business with insurance
Financial losses from a product defect, data breach, serious illness or work-related automobile accident can force business owners to close their doors if they’re not prepared. The …
5 ways to lower your business insurance expenses
It can happen to any small business owner — arriving to work only to find property damage, stolen equipment and months of work undone. Nobody can predict when …
How business size impacts your spending and borrowing decisions
What tools do you need to operate your business? How much funding will you need? Should you carry inventory? The answer depends on the size of …
A small business guide to certified payroll
Certified payroll is a weekly payroll report. If your business works on federally funded projects as a contractor or a subcontractor, you are required to submit …
A small business tool for getting paid on time
Collect more cash in less time. How much would your business improve if you could get cash faster, without a huge investment of time? To reach …
A freelancer’s guide to income taxes
Managing your work as a self-employed person can be hectic. You have to market yourself, deliver a product or service and handle dozens of other tasks. …
What are your true product costs?
What is the true cost of the products and services that you sell? Now, that may sound like an odd question. After all, you generate and …
Pivot your small business: Pro advice on how to refocus for profit and growth
Something isn’t working. You did all the right things when you started your small business. You found a customer problem that needed to be solved, and …
Can I deduct the cost of a home office?
Does your tax return include all of your business expenses? If you’re self-employed and work out of your home, you may not be taking full advantage of …
7 year-end financial moves to make tax season easier
Many people don’t work well under pressure, and you may face a time crunch to complete your personal tax return. It’s never too early to start …
Expert advice to help you manage your payroll taxes
Don’t let the challenge of processing payroll overwhelm you. Filing your business taxes may be the most frustrating process in your business, and it becomes more complex as …
Is it time for your small business to sell products internationally?
Is it time to sell your products and services internationally? The Census Bureau reports that the United States’ exports totaled $2.5 trillion in 2018, the highest on record. …
Can I hire a bookkeeper instead of an accountant for my small business?
You can hire a bookkeeper instead of an accountant. But, does that meet all of your business needs? The answer is important because you need an …
How to manage your small business using a classified balance sheet
You need the right tools to manage your business. One of the most important set of tools is your financial statements, including the balance sheet. Many …
Can our small business write off an expensive asset when we buy it?
Your business uses assets to produce revenue. As assets are used up, you can write off the asset’s cost and post a tax deduction for the expense. When you …
Where does payroll go in my ledger?
Payroll is the most complex accounting process you must complete. Your accounting transactions are posted to general ledger, but is the information accurate? How do you …
Is it time to reevaluate how you manage payroll?
The start of the year is a great time to reassess your business. To grow sales and profits in 2019, you’ll need to process more transactions …
How to calculate your small business’s breakeven point
Sales to a business are like rain to spring flowers. Without it, they wither and die. Finding what works to generate sales and earn a profit …
Can I pay FICA taxes as a self-employed person?
You can pay FICA (Federal Insurance Contributions Act) taxes as a self-employed person. Everyone pays both FICA taxes and income taxes. If you’re an employee, your …
