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Reduce Your Company’s Tax Obligations with These Tips
A proactive approach can make a huge difference in business finances when it comes to tax planning. By planning ahead and making use of several best practices, you can reduce your business tax burden and eliminate the possibility of paying penalties. The alternative...
How to Overcome the Top 4 Financial Obstacles Small Businesses Face
All companies face financial obstacles, regardless of the size of the company or how long it has existed. The difference between successful businesses and those that must close far sooner than intended often comes down to the management of the financial obstacles....
The Three Types of Accounting and Why They Matter to Your Business
Although accounting and finance are both vital to the healthy functioning of a business, they have different meanings and accomplish different goals. Accounting, for example, refers to how a business acquires its money and how much it distributes outward to cover...
3 Ways to Rescue and Nurture a Struggling Business
No one starts their career as an entrepreneur thinking they may have to pull their business back from the brink of disaster some day. After all, they have carefully created a business plan, secured financing, and launched a successful company. The sad reality,...
Get a Grip on Your Cash Flow During the Slow Season
All businesses experience periods during the year when revenue is slower to come in than others. This is true even when a company is not specifically a seasonal business. The good news is this is nothing to panic about and completely normal. However, it does require...
Avoid These 5 Tax Scams to Protect Your Small Business
While you can't always control others targeting you with tax scams, you can take several steps to protect your business. We outline five common tax scams below and what you can do if you find yourself in that situation. Fraudulent Emails Also known as phishing,...
5 Ways to Stay on Track and Achieve your Small Business Goals
It isn't always easy to come up with a business vision. However, it's a crucial first step if you hope to achieve long-term success. We recommend gathering those who helped you establish the business and engaging in a brainstorming session. Think about where you want...
Customer Service Skills: How to Put the Best Face on Your Business
No one ever said that working in a forward-facing customer service role was easy. However, it's crucial that the people filling these roles have a passion for helping people and possess the skills and personality traits to keep customers happy. Otherwise, you risk...
5 Smart Ways Your Tax Refund Can Grow Your Business
If you're expecting to receive a tax refund for your business, you may have already thought of dozens of ways to spend the money. It's also possible that you have no idea how to spend or invest it wisely to contribute to the future growth of your company. However you...
5 Ways to Improve Business Efficiency and Increase Profit
Business efficiency is sometimes challenging to define and even more difficult to improve. However, ignoring the fact that your employees and processes have become inefficient could cost you revenue, customers, and your company's reputation. The following tips can...
