Accounting

We Now Interrupt Your 2012 Tax Season… to Discuss Your 2013 Taxes (7 Tax Law Changes You Must Know Now)

OK, nobody loves tax season. If you’re feeling stressed out by the looming April 15th tax deadline (or the just-passed deadline for company taxes!), take a break. Forget 2012 taxes for a moment and instead look ahead to April 2014. Why? Because the tax code has changed effective January 1, 2013 and what you are [...]

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6 (Legal) Ways to Fix Year End Financial Statements

The sun has set on 2012 and your year-end financial statements look a bit gloomy. Maybe you are showing a bad loss – or maybe too much profit. You need financial statements that will impress your banker, incur less tax, and better position you for profits in the new year. But how? Fortunately, accounting rules are flexible enough to [...]

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The Least Fun You’ll Have this Holiday: Year End Tax Planning

It’s a shame, really, that we have to interrupt our joyous year-end holidays with gut-wrenching year-end tax prep… So to minimize the pain, I’ve put together a quick list of the 6 things I think you should know this year. Put down the fruitcake and eggnog for just a second, and be sure your business [...]

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Put the Spark Back into Your Business: Step 1 of the Business Tune-Up Program

Entrepreneurs are an odd lot. We pursue a passion but end up with a business. Sure, launching a company seems like a good idea at first. We start with stars in our eyes, but end up married to the dreary demands of running a company. If your business is not helping you pursue your dreams [...]

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Crooked Co-Workers: 6 Steps to Spot Embezzlers at Your Company

Is there a thief working in your office? I’m not talking about a convict wearing an orange jump suit. I’m talking about a well dressed employee who is, at this very moment, ripping you off for thousands — maybe millions — of dollars. Would you even know if your employees were committing financial fraud and embezzlement? [...]

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Credit Card Nightmares: Six Simple Ways to Prevent Employee Credit Card Abuse

As a business owner, you have drive, desire and dreams of something bigger. Sadly, according to a recent survey by the National Association of Fraud Examiners, you probably also have a higher-than-average risk of being a victim of fraud, with an average loss of $200,000. Business credit card abuse is a relatively simple (for the [...]

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Keep your Sanity and your Money with this One Simple Bookkeeping Mantra

Its amazing how complicated you can make bookkeeping if you try. Apply for a handful of credit cards, get two or three bank accounts, and carry arround a checkbook … and you’re on your way to a life of late payments and bounced checks. There’s a better way. In fact, keeping your books straight in [...]

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1099 Contract Labor: Get Right with the IRS … For Free

Hard to believe, but the IRS wants to forgive all the taxes you did not pay for misclassified 1099 contractors who should be employees. Ever. You know the deal. Outsourcing is so easy that you started paying some employees as 1099 independent contract labor too. You save time and paperwork… and a bunch of money on [...]

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The big piece of paper that changed my business forever

People say that writing things down creates a certain kind of magic. It must be true. Some of the most powerful magic I’ve ever seen came from a 24″ x 36″ piece of paper and a colored marker that became my business dashboard. After I created a business dashboard, nothing was ever the same. [...]

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PayPal: Safe for Business…or a Crazy Gamble?

News broke this week of the extraordinary measures that PayPal is taking to deny business account holders access to money legitimately deposited into their accounts. An emerging social media site called Diaspora reported that PayPal has frozen their account and blocked the release of more than $45,000. Similar stories are coming to light around the [...]

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Catch the WAVE for Free Accounting: Software You’ll Love for What it Lacks

Rock Solid Tech Reviewer Joanna Ebizie is at it again. This week she’s discovered a free accounting tool called WAVE accounting. What you’ll love most about this new online solution is really what it DOESN’T have…. Here’s Joanna…. “Do you love your accounting software? I think I know the answer. Fortunately, there are so many [...]

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Strategic Finance: 6 Accounting Rules You Should Break

When I say the word “accounting“ I bet you either tremble with fear or yawn with boredom. Right? Accounting is not some dark science to be feared or ignored. In fact, used correctly, accounting can be the strongest tool in your business strategy toolkit. The key is to give up thinking like an accountant and instead [...]

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Sack Your Accountant, Save Your Company

Why would a business finance guy suggest getting rid of your accountant? Simple. If you want to grow a modern, future-proof business, start by breaking a few of the old rules. If you’ve got a person on staff who worries more about accounting rules than company growth, I’m talking to you. There are at least 3 ways [...]

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4 Advantages of FreshBooks: A Fresh Look at Ditching QuickBooks

Everybody loves to hate QuickBooks. Sure, it is the most complete small business accounting software, but sometimes that’s the problem. If you are simply looking to track hourly income and a few expenses, QuickBooks is too much of a good thing. (Read a great Quickbooks review here) Why worry about double-entry accounting if what you [...]

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Pricing: 4 steps to Price for Profit

There are plenty of ideas about how to calculate the perfect price for your products or services, but none are very interesting or useful for your small business. If you are looking for something to put you to sleep, reading about “price theory” is perfect. You could learn to set prices using games, options, alternatives, arbitrage, [...]

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← Previous Entries

Accounting

We Now Interrupt Your 2012 Tax Season… to Discuss Your 2013 Taxes (7 Tax Law Changes You Must Know Now)

6 (Legal) Ways to Fix Year End Financial Statements

The Least Fun You’ll Have this Holiday: Year End Tax Planning

Put the Spark Back into Your Business: Step 1 of the Business Tune-Up Program

Crooked Co-Workers: 6 Steps to Spot Embezzlers at Your Company

Credit Card Nightmares: Six Simple Ways to Prevent Employee Credit Card Abuse

Keep your Sanity and your Money with this One Simple Bookkeeping Mantra

1099 Contract Labor: Get Right with the IRS … For Free

The big piece of paper that changed my business forever

PayPal: Safe for Business…or a Crazy Gamble?

Catch the WAVE for Free Accounting: Software You’ll Love for What it Lacks

Strategic Finance: 6 Accounting Rules You Should Break

Sack Your Accountant, Save Your Company

4 Advantages of FreshBooks: A Fresh Look at Ditching QuickBooks

Pricing: 4 steps to Price for Profit

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Accounting

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SUCCESS IS NOT AN ACCIDENT

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We Are QuickBooks Certified ProAdvisors