How to Set Up and Maintain a Business Savings Plan

By | January 16th, 2017|Financial Structuring, Saving Money|

One of the top reasons most small business ventures close within the first 5 years?  Cash flow, or lack thereof.  How do you make sure that your business doesn’t become part of the statistic? Emergency savings account. It’s not really an option, it’s a vital part of your business.  The longevity of YOU, Inc. depends [...]

How to Create a Monthly Budget for Your Business

By | January 12th, 2017|Entrepreneur Life, Tools|

What is a business budget and why do you need one? (affects pricing decisions -break even point, how much profit is necessary, how to decide what to pay yourself, etc) Key components to include in a budget How often to review and adjust Software good for creating business budgets Your monthly budget is the foundation [...]

4 Steps to Paying Your Quarterly Taxes on Time

By | September 12th, 2016|Taxes|

If you’re a self-employed entrepreneur then you are responsible for paying your own taxes. In contrast, if you work for someone else under the classification of “employee”, taxes are automatically withheld from your paycheck before you see any money. Depending on your annual income and your circumstances, self-employed individuals and business owners may be required to pay taxes on a quarterly or monthly basis. […]

Book Review: Profit First (part one)

By | September 8th, 2016|Financial Structuring, Saving Money|

As an accountant, I’m always looking for ways to improve on the financial systems that I use to track the profitability of my business and those of my clients.  So this month I began reading Profit First.  It is authored by Michael Michalowicz and published in 2014.  Mike isn’t a CPA or accountant, but he [...]

Using Groupon Coupons to Lower Business Expenses

By | August 19th, 2016|Saving Money|

Disclaimer: This is a sponsored post. All opinions expressed are 100% mine. Whether you're a side hustler or a full time solopreneur, what sustains your business and keeps it thriving is profitability. In order to achieve that, you've got to keep expenses as low as possible.  I participate in rebate programs, club memberships, and coupon shopping [...]