Portfolio diversification is critical to reducing risk in your investments. Learn the basics of this concept and how to apply it to your current investment strategy.
When to Hire a Tax Professional Vs. Self Prepare
Should you hire a tax professional or self-file your taxes? It’s a question millions of Americans ask every year. And the answer comes down to tax complexity.
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How to Forecast Profits and Cash [Video]
Learn how to forecast profit and cash for your business with this step-by-step guide.
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6 Steps to Set Your Business Up for Financial Success — Free eBook
Set your business up for financial success with our free step-by-step guide. Learn everything you need about business planning, entity setup, taxes, and accounting to take full control of your business finances.
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Debunking the Top 5 Social Media Tax Strategies & Myths
Learn about what to do, and what not to do, when it comes to popular social media tax strategies in this free PDF. The Top 5 Myths we'll be dunking are: LLC’S = MORE TAX SAVINGS? HIRING YOUR KIDS THE AUGUSTA RULE THE G-WAGON DEDUCTION WRITE-OFF YOUR LIFE Download Packet [PDF] - 0.5mb
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The Benefits of a Financial Forecast to Your Small Business
As a small business owner, financial forecasts offer several advantages for your business. Let's dive into the benefits you'll experience by having a financial forecast. Planning and goal setting using your forecast Financial forecasts help you plan for the future by projecting your revenues, expenses, and cash flow. They enable you to set realistic financial goals and develop strategies to achieve them. With a clear vision of expected outcomes, you can align your actions and resources to drive growth and profitability. Better decision-making with a forecast Financial forecasts provide valuable insights to support your decision-making process. By anticipating future financial…
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Tax Prepping for Your Business? Seize Your Time to do Smarter Planning
If you're thinking about, or in the middle of, tax preparation for your small business, consider using your time wisely to also get some information to help you plan for added profit and growth in the coming year. Tax savings are great, but remember that they are only one element of your business’s overall profit and loss––one part of the full puzzle. And of course your ultimate goal is business growth, so you want to spend just as much time being strategic in other areas of your business as you are about taxes. The good news is that the time you spend…
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Your Growing Business Needs A Better Budget
You know that budgeting is an important part of managing your business, but most small business owners tell us that budgeting is a boring, and time consuming task with little benefit. It’s true that traditional budgeting can be a waste of time. But when done correctly, it becomes a useful and even funexercise. That's because a good budget works for you: It delivers the insights you need to manage your business with confidence day-to-day, and make informed financial decisions to achieve your goals over time. But to get this type of budget you have to take your process a bit farther––do a…
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Protecting your business during a recession – 6 things you can do now
Depending on whom you talk to, the US is either in or rapidly approaching another recession: two consecutive quarters of negative gross domestic product - the value of all the things we sell collectively. If you’re not feeling the downturn in your business now, that doesn't mean you’ve escaped it - consumer buying power will continue to be affected. The average US recession lasts anywhere from 1 - 2 years. So how can you protect your business during a recession? One of the hardest things about running your own business is managing uncertainty, and that feeling is of course amplified…
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Want to make your first financial forecast? Here’s a 4 step playbook
You're working every day in and on your business, wearing many hats: solving emergencies, making quick decisions, and jumping anywhere in the business you're needed that day. At the same time, there are things you want your business to achieve, and you balance your day-to-day with thinking about the future. You know you have to take the right steps and make the right decisions, to reach your long-term goals. Wouldn’t it be great to have a roadmap for all of it? Something that shows how your business is doing today, how it will do in the coming years, and the…
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