Category Archives: Business Accounting and Budget

Choosing an Accountant: Questions to Ask

Before beginning your search, you must first look at your needs and honestly assess your habits.  After you’ve identified all of your requirements in “Finding the account that fits your business,” it’s time to start the interviews.

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Q&A: Tax Credits for Employers Providing Insurance

Tax Credit Questions – Solved By:Pearl Dahmen Para, CPA, MA, CBA Q: What is this credit and how will it help small business owners? The Affordable Care Act has several provisions designed to help health insurance become more affordable and

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Mark Your Calendars: Tax Dates to know 2012

The thousands of codes, forms and filing dates leave business owners in frenzy when it comes to tackling taxes.  It would make things a bit simpler if there was some sort of reminder system or catalog with all those must-know

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Two Parts of Financial Projections: The Known and Unknown

If you are seeking money, lenders might not give you any until your financial projections accurately express the risk and solve how the funds will get paid back. This financial forecast is also a crucial component of any business plan.

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Be wary of emails from the IRS

If you are a new business owner with limited experience with the Internal Revenue Service, you may not be aware that the IRS and the Financial Management Service (the Treasury bureau that owns EFTPS*) do not communicate payment information or

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Entrepreneurial Risk – Rate of Return & Benchmarking Tips

I still can recall my economics professor explaining the concept of entrepreneurial risk. He went on to say it’s a high rate-of-return that entices the individual to seek entrepreneurship. And, if that rate is not sufficient, the individual will abandon

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How Your Money Per$onality Impacts Your Finances

Money.  Is it an issue for your small business?  Is the issue really money or is it your Money Per$onality? In Ray Linder’s book, “What Will I Do With My Money?,” he narrows the 16 Myers-Briggs Typing Instrument (MBTI) personality

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Tax Warning! Be Mindful of the Hobby Loss Limitations

IRS Hobby Loss Limitation Rule: The IRS permits small business owners to deduct necessary expenses, but those expenses, or losses, might get denied if the business doesn’t make a profit in three out of five years of business activity. This

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QuickBooks Help! Reconciliations & Financials Made Easy

Do you know your current profit margins? Reconciling bank and credit card accounts is paramount to making solid business decisions! Not too long ago, business owners didn’t have a choice but to plunk away at a keyboard to enter hundreds

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New Small Business Tax Credit for Providing Health Care Coverage

Understanding the verbal jargon related to the new health care legislation can be confusing for most small business owners. Essentially, the law entices small employers to provide health care coverage by refunding income taxes that small businesses pay.

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