Small-business tax rule No. 1: Don’t mess with the IRS.
But that doesn’t mean you should cheat yourself. Take every legal deduction you can. Here are a ½ dozen that even savvy small-business owners and entrepreneurs sometimes forget:
read moreCash Flow Basics: 3 Ways to Fix Cash Flow Problems
Are you having trouble with cash flow? Perhaps your sales are up, and expenses aren’t out of hand, yet you can’t pay your bills on time.Or, your customers are late paying you. Cash flow problems affect most small businesses at some point, but you don’t have to let it ruin you. Here are nine things you can do to keep your cash flow in the positive.
read moreAvoid the Biggest Tax Mistakes
Avoid the Biggest Tax Mistakes
You can can’t 100% avoid an IRS audit but you can make proper bookkeeping/accounting practices to reduce your chances of getting audited.
read moreWHAT’S THE STORY BEHIND THE NUMBERS?
All businesses have a few things in common but one key element is the numbers of the businesses. Having operating a small business for many years, I know how difficult it is to monitor that number.
I also knew how important it was to read my financial statements; but did I do it (umm, sometimes).
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