Author: Ken Boyd

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How to make customized spreadsheets for business

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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 …

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Here’s what businesses owner too often get wrong on financial statements

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Understanding your company’s financial position is integral to its success. One tool that can help you is financial reporting, which is an objective way to assess …

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Bookkeeping vs accounting: Do you really know the difference?

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Industry newcomers tend to use the terms “bookkeeper” and “accountant” interchangeably, but there are a few important distinctions between the two.  Bookkeeping focuses on managing financial books …

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Your complete small business tax prep checklist

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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 …

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Small business owner on a budget? These employee benefits won’t break the bank

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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 is …

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2023 tax dates and deadlines you absolutely need to know

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It seems that tax season has a way of sneaking up on us every year. Avoid scrounging for old receipts and scrambling to reconcile your books while trying …

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Why (& how) small business owners should calculate their gross margins

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  Gross margin is the amount of money a small business holds after subtracting the direct cost of producing its goods and services from the revenue …

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What to know before choosing a small business bank account

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  As your small business grows, so will your to-do list, including opening a small business bank account. Managing cash can be a challenge, so you may …

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Why small businesses should double check inventory for the new year

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  Where did your cash go?   You started the year with a sufficient cash balance, and you’ve been profitable each month. For some reason, the …

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7 common accounting practices you should stop using for your business

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  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 …

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A small business owners’ complete guide to accounting

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  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 …

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Your complete small business tax prep checklist

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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 …

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Guide to employee benefits for small businesses

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  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 …

Small Business

8 ways to bulletproof your small business with insurance

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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 …

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Your complete small business tax prep checklist

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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 …

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How to create a business budget

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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 …

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A small business guide to balance sheets

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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 …

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How to start a small business in California

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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 …

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The ultimate guide to tax deductions for the self-employed

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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 …

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How to handle small business insurance claims

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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 …

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8 ways to bulletproof your business with insurance

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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 …

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5 ways to lower your business insurance expenses

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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 …

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How business size impacts your spending and borrowing decisions

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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 …

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A small business guide to certified payroll

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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 …

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A small business tool for getting paid on time

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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 …

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A freelancer’s guide to income taxes

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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. …

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What are your true product costs?

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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 …

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Pivot your small business: Pro advice on how to refocus for profit and growth

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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 …

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Can I deduct the cost of a home office?

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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 …

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7 year-end financial moves to make tax season easier

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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 …