Are We Entering a Recession? My Advice.
Does this sound familiar? You're a female entrepreneur who hustled hard to get your business off the ground and then the 2020 pandemic hits. You faced some big struggles but were able to pivot and make the most of the tough situation. Your business is back on its feet and flourishing!
5 Tips For Tracking Inventory
If you make and sell products, you know one of the biggest headaches is managing your business’s inventory. Making sure you have all the right items in stock at the right times can be a full time job on top of running your small business empire. These five tips for tracking inventory will help you ease the stress of managing your product-based business.
5 Things Product-Based Businesses Should Prepare Ahead of The Holidays
Wait…the holidays? It’s August!
Yup, if you own a product-based business you are likely beginning to put together your operations for the busiest time of the year. Whether that means reviewing your budget or analyzing your inventory, there is a lot to be done.
3 Areas Business Owners Neglect When Growing Their Business
Another one! You just landed another sale and that is one more than you did last month. Your business is doing great and growing upwards. As the sales come in you start making plans for even more growth. Maybe you bring on another set of hands or upgrade that computer - thank goodness too, the keyboard was missing the “M” key.
5 Reasons You Should Save Your Receipts
As a military spouse there are plenty of challenges we experience. Long deployments, being far away from family, and the constant moves are just a few of the things we have to overcome - but it’s not all bad! There are silver linings to everything and the constant moves provide plenty of opportunities to purge!
Why You Should Be Paying Estimated Taxes & How to Calculate Them
As a service based business owner, you likely pay close attention to all the financial aspects of your business. Income and expense numbers make up a significant portion of company financials, and also are instrumental in calculating estimated tax payments. In this article, we will discuss why you should be paying estimated taxes and some methods to calculate them.
How to Price Your Products/Services
As a busy female entrepreneur, one of the most important things to do is correctly price your products or services. Correctly priced products can maximize profits and give owners and managers insight into how the business is performing against past results and current competitors. In this article, we will discuss several methods to correctly price your products.
How to Create a Forecast Report for Your Business
No matter if you’re killing it in real estate or running a successful coffee shop, it’s important to create a forecast report for your company. Forecast reports have many uses and are a valuable tool to improve the efficiency and effectiveness of your business. In this article, we will discuss the importance of forecast reports and how to create these important reports for your business.
Job Costing Basics for Your Custom Product or Service
One of the most important things to keep track of as a business owner is your expenses. Whether you are a manufacturer or provide services, knowing how much it costs to provide the products and services your customers require is essential. This is known as job costing. In this article, we will discuss the basics of job costing and how to keep track of these expenses.
How to Determine Whether Your Business Owes Sales Tax
Business owner, let me be clear. What you are doing is hard!
What begins as an idea, a passion or a hobby, can truly become a life changing path. So many things about running a business and building the team to help are true achievements - designing your logo, creating processes, and establishing prices.
What Is a Chart of Accounts and How to Organize One
Setting up your Quickbooks, Xero, or Freshbooks account requires some attention to detail and a bit of research but it can be done fairly quickly. You are likely aware of the importance of setting up your bank feeds and making sure all transactions are syncing correctly.
Another important task that should not be overlooked is properly structuring your Chart of Accounts.
10 Tax Terms All Small Business Owners Should Know
As you begin to receive tax documents and compile all your reports, there are some tax terms you should be familiar with. These terms may come up throughout the year as you complete your monthly bookkeeping, while some you may only encounter during tax season.
Tax Deduction Checklist
As you collect all the appropriate documents for your tax return, it is easy to forget an essential document or piece of information that is required to complete your return. For that reason, we created the tax deduction checklist to help ensure you can confidently send all the necessary files to your accountant.
7 Biggest Myths About Taxes
If you are familiar with the show “Mythbusters” you know that many commonly accepted myths turn out to be untrue. With tax season approaching, it’s helpful to talk about some tax myths that may be causing you unnecessary stress. In this article, we will discuss the 7 biggest myths about taxes and do our best to “bust” them.
Home Office Deduction 101
We all have our daily tasks, whether it is walking Rover or taking client calls. Business owners of all types, from established coffee shops to female entrepreneurs who are just starting often spend time working from home. As a result, many taxpayers utilize the home office deduction. In this article, we discuss the home office deduction and how to qualify for it.
The 4 Things You Should Look for in Your Annual Reports
Of all the tasks business owners take responsibility for at the beginning of the year, reviewing your annual reports can be the most beneficial to your business. Reviewing your reports during this time can help you assess what went right in the previous year and what you need to improve on in the upcoming year.