How to Read Your Financials: The Step-by-Step Method
In today's complex financial world, understanding your company's financials is essential for making informed decisions and assessing your organization's financial health. Financial statements serve as a window into the financial performance and position of a business. In this blog, we will demystify the process of reading financial statements, empowering you to navigate through them with confidence.
Tax Deductions Small Business Owners Shouldn’t Forget
In these turbulent financial times, any small business owner or independent contractor can agree that missing out on a single tax deduction can be disappointing and insanely infuriating.
But when it comes to claiming tax deductions correctly, it’s not easy to do so without an intensive accounting education. But fear not, because I have some not-so-secret tax deductions small business owners shouldn’t forget.
What Is a Schedule C and Who Should File Them?
If you’re a small business owner or independent contractor filing taxes this year – this one’s for you! There are a lot of fundamental tax forms businesses need to complete each year, and a Schedule C may be one of them.
A Simple Guide to Freelancer Taxes
Ask any freelancer their most dreaded business task - I bet it’s taxes.
When you are an employee working for someone else’s business, income taxes are not fun but they are much simpler. Your employer handles pretty much all of it - calculating your amount due, collecting it from your paychecks, and sending the cash off to the IRS. You really only deal with it come April tax return season.
Business Goal Setting for the New Year
As you counted down on New Year’s Eve, you may have already had your big list of personal goals you wanted to achieve in 2023: eat better, move your body more, and spend more time with the fam.
How To Not Hate Tax Season
It is said that the anticipation of death is worse than death itself. This is certainly the truth when it comes to preparing for tax season, and the actual process of filing your taxes. If this sounds like you, don’t worry!
Top 9 Apps for Independent Contractors
Whether you are jet setting on a tropical vacation or just don’t want to get up from the couch, being able to check your email and do some work from your phone is a godsend. And no one feels that harder than independent contractors!
How to Give Back During the Holidays as a Small Business
Giving back to our community is something we are BIG about here at Tatum Accounting. And now that we are in the prime holiday months, there is no better time to focus your company’s extra time on bettering society.
4 Payment Processing Providers We Recommend
It’s basically impossible to run a product-based business these days without accepting credit card payments from your customers.
You want to accommodate all of your customers, but a lot of these payment processing providers charge crazy fees for each transaction!
Employee vs. Contractor Taxes
As a business owner, it’s such an exciting time when you get to hire your first employees. You’ve really hustled and grown your service-based business to a small empire. And now you need some help to take it to the next level!
How to Create A Pricing Strategy Around Black Friday
As a savvy entrepreneur running a product-based business, you need to be tailoring specific pricing strategies for this big shopping event. In this article, I’ll lay out exactly what you need to know on how to create a pricing strategy around Black Friday.
5 Apps to Help You Track Inventory
Product-based businesses need to have a solid inventory management system in place to make sure you have ample product on hand to meet your sales, but also so you know you’re turning a profit on those products.
The 4 Different Budgeting Strategies & What’s Right For You
In the early days of your business, it was probably pretty easy to create a budget - spend as little as possible. The sales may have been slow, expenses high, and you didn’t have any historical data to analyze, so you just tried to play things safe.
What's Your Profit Margin & How to Compare it With Your Industry
Every great business owner knows the importance of setting goals for themselves. It helps us measure progress and make sure we are on the right trajectory. As we see those numbers tick up we know we are heading in the right direction. Dips indicate it may be time to relook at how we do things.