These are uncertain economic times. Bring in money faster by using progress invoicing. If you’re concerned about your company’s cash flow because you don’t know what will happen with the U.S. economy in the coming months, you’re not alone. The vast majority of small businesses struggle with cash flow — all the time. Are you making more than you’re spending? Will that change six weeks or three months from now?… Read More
Mastering Business Budget Forecasting: A Key to Smarter Financial Planning
Budget forecasting is a vital tool in the arsenal of any successful business. It enables leaders to make informed decisions, anticipate financial outcomes, allocate resources wisely, and steer the company toward long-term sustainability. Whether you’re a startup planning your first fiscal year or an established enterprise aiming for growth, mastering budget forecasting can be the difference between thriving and merely surviving. What Is Business Budget Forecasting?Budget forecasting is the process… Read More
Tired of Typing? Use Recurring Transactions In QuickBooks Online
QuickBooks Online is good at saving you time and keystrokes. Here’s another way it helps avoid duplicate data entry. Accounting is a repetitive process. As you prepare invoices and receipts and bills, and other sales and purchase forms, you undoubtedly grow weary of typing the same information over and over. Customer and vendor names, addresses, product and service descriptions – you practically memorize these details if you have to enter… Read More
5 Beautiful Tax Reduction Strategies Under the One Big Beautiful Tax Legislation
The recently passed One Big Beautiful Bill (OBBB) — often called the One Big Beautiful Tax Act — introduced some of the most significant tax changes in years. For small business owners and self-employed professionals, these updates open new opportunities to save money, invest in growth, and plan smarter. Here are five “beautiful” tax reduction strategies to help you make the most of the new law. 1. Maximize the 20% Pass-Through Deduction (QBI) The One Big… Read More
How to Properly Manage Your Business Cash Flow
Cash flow is the lifeblood of any business. Regardless of how innovative your product is or how many sales you generate, if there’s not enough cash available to cover day-to-day expenses, your business could quickly find itself in trouble. Managing cash flow effectively ensures your company remains financially healthy and resilient during economic ups and downs. Here’s a comprehensive guide to help you properly manage your business cash flow. 1…. Read More
Make Sure to Not Claim an Ineligible Dependent on Your Taxes
Claiming dependents on your tax return can significantly reduce your tax liability through exemptions, deductions, and credits. However, claiming an ineligible dependent—whether accidentally or intentionally—can lead to serious consequences, including IRS penalties, delayed refunds, and even audits. Understanding the rules and repercussions is essential for responsible tax filing. Who Qualifies as a Dependent?Before diving into the risks of misclaiming, it’s important to understand the criteria the IRS uses to determine… Read More