Author: Ken Boyd
How to make customized spreadsheets for business
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 …
Here’s what businesses owner too often get wrong on financial statements
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 …
Bookkeeping vs accounting: Do you really know the difference?
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 …
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 …
Small business owner on a budget? These employee benefits won’t break the bank
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 …
2023 tax dates and deadlines you absolutely need to know
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 …
Why (& how) small business owners should calculate their gross margins
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 …
What to know before choosing a small business bank account
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 …
Why small businesses should double check inventory for the new year
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 …
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 …
