Business · March 02, 2023

Managing your small business finances is crucial for success, but bookkeeping mistakes can be costly. Our article outlines the top 10 small business bookkeeping mistakes and offers tips to avoid them. Whether you're a seasoned business owner or just starting out, this information is invaluable. Stay on top of your finances and avoid common pitfalls by reading our essential guide to small business bookkeeping. Learn more...

Business · February 23, 2023

As a business owner, you've put a lot of time and effort into building your enterprise. But have you considered what would happen to your business if something were to happen to you? Estate planning is crucial for business owners, and in this article, we'll explore four key reasons why. From protecting your assets to ensuring a smooth transition of ownership, estate planning can provide peace of mind for you and your loved ones. Read more.

Business · February 16, 2023

To manage your business finances effectively, it's crucial to understand the difference between a cash flow statement and a profit and loss statement. While the profit and loss statement shows profitability, the cash flow statement reveals the actual cash flow in and out of business. Both statements are essential for informed decision-making, avoiding financial trouble, and maximizing your business's cash flow. So, it's vital to give both statements equal importance. Read more...

Business · February 09, 2023

We're all aware of how essential client contracts are. After all, they protect us from potential legal issues and ensure that our clients follow through with their end of the contract instead of mid-way through just saying, "we're not gonna pay you" or something equally devious. But what exactly does a client contract need to include? Below are some essentials to ensure that you're protected in your work and that your clients know what to expect before entering a contract. Learn more.

Business · December 29, 2022

Nominees let you do business without putting your personal information in the open. When you work with a nominee, your name and contact information are hidden from the companies selling and shipping products to you. Nominees can help you open a new bank account, get insurance, or borrow money. You only need to give the nominee your private financial and personal information, which will not be shared with the businesses you contact. Read more and find out how nominations work...

Business · November 17, 2022

Choosing the right business entity can have a big impact on your tax obligations. How do you decide? You need to start by understanding what relationship your business entity has with the government. In part 2 of this series, we'll cover the tax treatment of the remaining two entity structures: C Corporations and S Corporations along with discussing the benefits and drawbacks related to each one. Read more here...

November 10, 2022

Need to know how your choice of business entity affects your tax obligations? If you are not cautious, taxes can eat up a large chunk of your profits. Choosing the proper business structure can be complicated, but following our guidelines will help simplify things. Part 1 of this series looks into sole proprietorship, partnerships, and (limited liability company) LLCs. Read more here.

Business · November 03, 2022

As many of you are aware, we discussed the risks of using unconscionable contracts or small business forms to establish their businesses in part 1 of this article. The bottom line is that if someone signs your contract without understanding what they agree to. It's not easy to avoid these pitfalls, but planning can prevent even the most disastrous mistakes. Today, we'll look at the final five pitfalls to avoid when entering legal contracts for your business. Learn more here...

Business · October 27, 2022

Does your company use legal agreements? Adverse consequences like unwanted disclosure of confidential information or loss of intellectual property rights may occur if you're not careful. Don't wait any longer; protect yourself today with a well-drafted legal agreement. Here's part 1 of the ten pitfalls to avoid with your company's legal agreements. Click here to know more.