While you can't completely prevent an IRS audit, there are steps you can take to lower your risk. The agency often reviews returns that report large amounts of cash (taxi drivers, hair salons, restaurants, and other businesses that accept tips and make many transactions … Read More »
We all procrastinate, especially when it comes to stressful or cumbersome things like doing taxes. As a business owner with complicated taxes for an LLC or an S corp in California, that procrastination can cost you – literally. Taking a proactive approach throughout the … Read More »
Knowing how to evaluate a business's financial health is an important business skill. If you’re an entrepreneur or business owner, you need to understand how your company is performing for many reasons. Having a clear picture of your organization's financial health can help you … Read More »
Opening a small business can be an exciting and enriching experience. You get to introduce an enterprise to your industry that is informed by your unique perspectives and ideas. Yet, it’s also important to recognize that running a company involves a range of responsibilities. … Read More »
Digital assets, also known as cryptocurrencies, have become increasingly popular in recent years as a form of investment. Unlike traditional investments such as stocks and bonds, digital assets are decentralized and operate on blockchain technology. While they can be highly volatile and risky, they … Read More »
In this post, we are going to take a look at some of the main ways in which you can hope to keep your business’ finances in place as strongly as possible. As long as you have thought about some of these, you should … Read More »
Whether you are a freelancer, or consultant, or have a service business, it's important to have a professional invoice ready to present. This guide will walk you through how to write an invoice for services, making sure that you close the sale with ease. … Read More »
It can be extremely difficult when a company needs to cease trading. Its owners can evaluate whether a business might need to enter voluntary liquidation by asking two key questions: Does the company have the resources to pay its debts when they fall due? … Read More »
Having several revenue streams for your business is a sign of good financial health. You get to make up for every lost income and keep the business running no matter the budget. This article will help you understand six creative ways you can use … Read More »
Nearly £50 billion was handed out in bounce back loans, and obviously, this needs to be paid back. However, as these businesses were struggling at the time of applying for a loan, it is no surprise then that many have found themselves unable to … Read More »
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