When an employee leaves a company it can end up costing a business dearly, and often results in a shrinking profit margin and cashflow shortages. Employee turnover can have a significant impact on a small businesses accounts, but while it’s impossible to prevent an employee from ever leaving your business, there are some things you […]
How Outsourced Accounting Enables You to Focus on Your Clients
Outsourcing is possible for so many different business functions nowadays, that actually, there’s really no excuse for falling behind on your accounts or not building great relationships with your clients. Running a business takes a lot of effort, nobody is denying that, but outsourcing is a cost-effective way to ensure that every aspect of it […]
5 Ways to Improve Your Small Business’s Cash Flow
If every customer paid their bills on time, cashflow would never be a problem for a business. The reality is, however, that they often don’t pay on time, and it’s becoming an increasingly big problem for more and more businesses as customers struggle to make ends meet. If you’re a business owner needing to improve […]
You Can Do Your Own Business Taxes, but Should You?
The type of business you’re running will largely determine whether doing your own business taxes is a smart idea or not. Look at the different business structures listed below to identify your type: Sole proprietor/single member LLC Do you operate under your own name and Social Security, or are the only member of your LLC? […]
6 Reasons to Choose Your Business Name Wisely
What you end up calling your newly formed business can have more of an influence on your company, than you might at first anticipate, and as the initial point of reference for customers and competitors alike, it gives them a representation of how your brand represents itself in the business world. With this in mind, […]
5 Long Term Planning Tips for Your Small Business
Business plans typically fall into one of 3 categories: short-term, mid-term and long-term. Short term business plans have their focus on immediate concerns and opportunities, such as running a sale to clear excess stock, while mid-term plans address solutions for a variety of mid-term challenges, such as investing in staff training to prevent fraud. Long-term […]