Here are a list of questions to ensure you find a great accountant to fit your needs!
G-Suite is suite of tools that Google has designed with small business in mind. Ben Boyd from the Google For Work team explains the features in this informational interview.
Learn more about G Suite: gsuite.google.com/
This is the last part of this blog series. I hope it has been interesting and informative so far. The reason this statement is last is because it builds on the balance statement. In this final part we are taking a look at the cash flow statement.
Taxes probably are not your favorite thing. Though not paying them, or filing incorrectly, can land you in some hot water. Don't mess with the IRS, let us prepare your taxes for you. We can help put your mind at ease and make tax season stress free!
Welcome to the second part of our three part series of the most important financial statements for a small business owner to know. The income statement, which can also called the P&L (profit and loss statement), is another important financial statement for your small business. We are going to start with a overview of how the statement is arranged, then we are going to dive into how to read the statement in a meaningful way.
As a small business owner, the ability to read financial statements will give you a better idea of how your business is doing. There are many different financial statements but I've narrowed it down to three to focus on. If you dedicate your time to learning these three statements inside and out it will give you a great idea of the financial position of your small business. This will be a three-part blog series starting with an in-depth look at balance sheets how they are structured and how to use them to your advantage when evaluating your business.
No matter the size of your business keeping up with large amounts of receipts can be frustrating. Now you do not have to spend hours sorting through stacks and stacks of crumpled up receipts and waste valuable time. With Wave Accounting’s new app, keeping track of your expense receipts is much easier. All you have to do is take a picture of your receipts throughout the year as you spend. Then the app connects to your Wave account where you can track and review all your expenses.
In today's market, online reviews play a vital part in acquiring new clients. According to annual BrightLocal Consumer Review Survey in 2016 84% of people trust online reviews as much as personal recommendations. The majority of people will visit the website after they read positive reviews. The most common thing I hear after informing business owners of the importance of reviews is this, "I know they are important but no one ever leaves us a review." The most important thing you can do as a business owner is ask. 7 out of 10 consumers will leave a review if they are asked so do not be afraid of asking your patrons for a review. Obviously good reviews of your business are a plus, you do not need me to tell you that, but let's talk about some of the advantages that are less obvious.
Marketing has changed since social media has risen to prominence. Word of mouth has always been one of the most effective marketing strategies. Since we, as consumers, ask those we trust about buying advice for products. This is how word of mouth has become the superior marketing strategy if you as a business owner can tap into this resource. What if we could use a powerful tool like social media to accomplish the same goals as word of mouth?
One of the many perks of being a large corporation is that you are eligible for larger tax breaks. They can write off things that normal small businesses just do not have the means to do so. For instance, large corporations can write off research and experimentation. It does not make sense for a small business to spend money on research just to receive a tax break because they have much less revenue.