Recent Blog Posts

We will help you grow your small business.

Learn More

What is a Profit and Loss Statement and How Do You Prepare One?

A highly regurgitated piece of advice for small business owners is to monitor their finances. Veteran business owners are constantly urging their peers to always make sure their revenue and expenses are in good shape. Well, following this advice would be extremely difficult were it not for your profit and loss statement. Also known as […]

What Is A Good Profit Margin And How Do You Create One?

It doesn’t matter how much revenue you’re raking in or how many products you sell. If you do not have a good profit margin, your cash flow will suffer. A good profit margin is a mandatory requirement for a successful business. It shows that in addition to sales, the other financial elements of your business […]

What is the Federal Unemployment Tax Act (FUTA)?

Among the many business taxes owed by small business owners are federal and state unemployment taxes. Both taxes have the same primary function: funding compensation for individuals who have lost their jobs for reasons unrelated to personal performance. Most small businesses must pay taxes for FUTA (Federal Unemployment Tax Act) and SUTA (State Unemployment Tax […]

How to Collect, Report, and Pay Sales Taxes For Your Small Business

Sales tax is among the biggest headaches for entrepreneurs. Unless your business only sells to customers in Alaska, Delaware, Montana, New Hampshire or Oregon, you must collect sales tax whenever a customer makes a purchase. Sales tax issues are extremely common because the rules vary from business to business and product to product. The amount […]

4 Strategic Tips For Cutting Costs At Your Small Business

The first step towards business growth or financial stability is almost always cutting expenses. It’s easy but proactive. And it’s safe to say you’ll feel much more confident about your future when you aren’t worried about unknowingly overspending on recurring or one-time expenses. Yes, there is always more you can do to save money. But […]

5 Smart Strategies For Reducing Small Business Debt

A key skill of a successful business leader is debt management. Since it’s only natural for a small business to take on more debt as it grows, it’s very easy to unknowingly take on too much. Debt can be very advantageous if used correctly. Once it becomes excessive, however, you start to get an unnerving […]

How To Fix 3 Common Threats To Small Business Profitability And Cash Flow

The fact that cash flow remains the most common cause for small business failure makes it seem impossible to master. Yes, cash flow problems are arguably inevitable. But here’s what a lot of people forget: There aren’t too many variations of them. Most business’s cash flow problems are caused by the same things. When a […]

How Much Money Should Your Business Have Saved Up For A Crisis?

No matter which industry you are involved in, certain rules must be followed by all small businesses. These are the universal guidelines for managing and protecting business finances. Right at the top of this list is the need for a substantial emergency fund. If you were to ask nearly every small business owner for their […]

Eliminating Fees As You Grow Your Small Business

There are certain rules for keeping and courting clients, one of which is professionalism. Clients are more likely to work with you if your small business gradually builds a more reputable image. But this just segues into another question: What exactly makes a company professional? There’s a sleek website, active social media presence, punctuality, but […]

4 Rewards Of Paying Close Attention To Your Business’s Budget

Budgeting is without a doubt one of the most boring and tedious tasks of running a small business. This is partially because something so important should logically be at least a little exciting, and you don’t reap the benefits of sticking to a budget until much later on. These benefits, however, are quite plentiful as […]