Learning Business the Hard Way

When I was young, I watched my dad run different businesses. Even before I was born, he was always starting something new. He was a real entrepreneur like his father who owned a fuel oil delivery company. The story goes that when he was under sixteen, his father who had a great year in business, […]

How do you know your accounting numbers are accurate?

You’ve probably heard the famous quote “Measure a thousand times and cut once.” Accuracy is crucial, and there are merciless consequences when it’s neglected. When we acquire new customers, we often find technical errors and inaccuracies. Our first step when working with new customers is to conduct a diagnostic review to assess the state of […]

Being Organized Saves Your Small Business Money

It may not be obvious to most, but being organized and running an organized business saves you money. Much can be gained by added efficiencies and productivity to your business. In 2003 I started a professional organizing business in Chicago. I served customers for twenty years and most of the focus was on their residential […]

5 Reasons to Outsource Your Accounting & Bookkeeping

Five reasons for outsourcing your bookkeeping and accounting.

I’m sure you’ve heard of the wildly popular sites such as Fiver and Upwork. On these sites, you can find just about any contract talent work that you need. People showcasing how they can help your small business on a project basis. Most of us also hire out web designers and a tax attorney or […]

Cash Flow Basics

Cashflow basics for your small business.

4 Things That Affect Your Business’s Cash Flow 1.Accounts receivable Consider your accounts receivable process. Look at it from all angles. Let’s define accounts receivable to start. These numbers or total numbers are what is owed to you by all your customers or clients. This is money that you need to collect. They are open […]

Why You Should Open A Business Savings Account For Your Business

Should I have a business savings account for my small business?

Should I have a business savings account for my small business? Yes! Here are a few reasons why you should consider using a business savings account: 1.Save money for taxes. Instead of reacting to a tax bill, proactively save to pay your tax bill. There’s nothing worse than completing a full robust year of business […]

Track Subcontractors Using QuickBooks Online – A 5 Step Checklist

Here are expert tips on collecting W9 forms, recording expenses, separating reimbursements, and reviewing reports to make tax time straightforward.

As tax season approaches, businesses using subcontractors need to ensure they are tracking payments and preparing 1099 forms correctly. With QuickBooks Online, small business owners have a powerful tool to make this process easy. In this post, we’ll share expert tips on collecting W9 forms, recording expenses, separating reimbursements, and reviewing reports to make tax […]

5 New Year Financial Planning Tips for Your Small Business

Cheers to the new year! As another year comes to a close, there’s hope on the horizon for what the new year has to bring. Regardless of your small business’s industry, services, or processes, it’s essential to create a plan for your business’s financial success. At the beginning of the new year, we recommend these […]