The Danger of Commingling Personal & Business Finances
Blending personal assets with business funds is a frequent oversight many entrepreneurs encounter. This issue often arises from a need for more awareness about the
Blending personal assets with business funds is a frequent oversight many entrepreneurs encounter. This issue often arises from a need for more awareness about the
The Department of Labor (DOL) is changing the way small companies can classify workers as either employees or contractors. Employers need to understand the new
The language that financial professionals use can be confusing. It is difficult to receive advice when you can’t understand their terminology. We’re here to translate
Predicting your future financial performance is invaluable but also a major challenge for many small businesses. Start by building a simple yet powerful spreadsheet model
Mastering the balance between short-term profitability and long-term growth is beneficial and essential for survival and success. Walking the line between the two is fundamentally
No one wants to undervalue themselves, but they also don’t want to set a price that will drive them out of business. Many small business
Realistic financial projections are crucial for small business success. Key strategies include seeking professional guidance, digitizing documents, tracking ROI, and leveraging technology solutions. Read the full article to learn practical tips for creating reliable projections that can guide your business toward sustained growth.
Commingling personal funds with your business finances is a ticking time bomb. Before you get into trouble, we want to provide you with the dangers
There are only two kinds of small businesses in the world. Those that have been ripped off by employees, and those that will be ripped
As tax season approaches, many business owners face a frightening scenario: owing more taxes than they have in cash. It’s a daunting thought, but don’t
Too much cash in your business can be a waste; not enough can be downright dangerous. Striking the right balance is key, but it’s a
When your business earns money, you want to keep it. Sounds simple. However, you are likely giving away more of it than you realize. If
Hiring a great accountant is vital. They manage your company’s money, ensure compliance with tax rules, and contribute to strategic financial decisions. But screening accountant
The language of business is finance, and your company is talking to you through your financial statements. Are you listening? Here are 5 ways to
(The Deadline is January 30, 2024) Each year at about this time, businesses face a challenging task: 1099 reporting. By law, every company must ensure
In a looming recession, small construction firms must adapt swiftly to remain competitive. Enhancing client engagement, refining operational strategies, and seeking innovative growth opportunities are crucial to ensuring business continuity. Strengthening relationships with existing clients and improving service delivery can set a solid foundation.
Learn how to keep your corporate liability shield strong and avoid foolish mistakes that can make your personally liable for your business.
Guest Post by Sam Bowman Cryptocurrency has gained significant footing in the modern financial world in the past decade. This growth is largely driven by
Guest Post by Lyle Solomon The finest leaders are always on the lookout for new information. In fact, one of the distinguishing characteristics of a
Investing outside of your business might result in slower wealth growth, but this strategy will fortify your finances against temporary (and, at times, even permanent) business declines.
Guest Post By Sam Bowman The role of a chief financial officer (CFO) is an essential component of a thriving C-suite business. Their approach to
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