Blog

Sarah and Tim own an independent home entertainment retailer, selling televisions, music systems, phones, computers, games and consoles as well as other consumer electronics. Having completed their year-end accounts and tax work, they were looking for increased sales. Their CPA presented the couple with a three-year business performance review, which... Read more

David, the sole practitioner of a law firm, found that his revenue had stagnated and he was constantly facing cash flow problems. David was jolted into action by an honest conversation with his CPA, who asked him how many hours he worked in his firm each year. The lawyer estimated... Read more

Mary runs a small digital marketing agency with a small team, serving business clients seeking to optimize their potential customers’ experience in interacting with their websites and social media platforms. As the business started to grow, Mary had neglected the financial aspect of her business and found that although sales... Read more

Stephen runs a construction business specializing in large basements and car parks. The business has been established for 25 years and has grown steadily, with revenue now into eight figures. Unfortunately, the profit margins are very slim and last year, Stephen’s business barely broke even and he was unable to... Read more

The Best of Denton County Nomination Period is almost over. If you haven’t already, show your support for Williams & Kunkel CPAs and nominate us today!  Best of Denton County is a great way to promote and support local businesses. By nominating a business, you will help send them on... Read more

Working at home affords you loads of freedom, but it also presents a different set of challenges that could stand in the way of productivity. Want to stay focused while working at home? These are helpful strategies that keep you on the ball while enjoying the comforts of home. Find... Read more

An expected 75,000,000 millennials are preparing to join or joining the workforce. These can be very good employees. Managing your millennial employees in a fun, yet structured setting will let you build the foundation for the superior workforce you desire. Here are some tips on how to best manage millennial... Read more

It is only to be expected that business owners make financial mistakes which can jeopardize their dreams. Here are four of the most common small business mistakes and how business owners can avoid them. Failing to plan Few small businesses have a working budget and cash flow forecast which is... Read more

Dentist’s revenue jumps with one simple process change. Janice started a dental surgery practice three years ago. She had grown the business from nothing, reaching breakeven quickly through word of mouth and then moving into profitability. However, she also felt there was so much more potential to grow. When her... Read more

Small business owners want to know how to increase their small business earnings. The good news is there are many ways to make more money. This includes managing every aspect of your practice and striving for productivity growth.      Here is a checklist with 34 ways you can make more... Read more

Sometimes, having a great idea or product is not enough to get customers in the door. But small business promotion doesn’t have to be a costly endeavor. There are a number of effective and free ways to get people excited about what you have to offer. Here are five great... Read more

Running a business without a strong business plan is like rock climbing blindfolded. Your chances of making it successfully to the top are slim. And the climb up will definitely be risky. Contrary to popular belief and practice, a business plan is not only a means to securing financing. Instead... Read more

You may have the greatest product ever, but if you don’t tell the world about it with a well-crafted promotions plan, it will sit on the shelves collecting dust until the day comes when you finally have to close down your business. Remember: you know what is great about your business... Read more

“Show Me The Money!” Every business owner at one time or another has had this phrase or a version of it pass through their mind when brainstorming ways to find small business success. If you’re one of them, check off your business against these six critically important questions: Do you... Read more

Before choosing an accountant to handle the nuts and bolts of your business’s numbers, first you might want to interview the accountant and found out how they conduct their own business matters. We visited this topic in a more general overview in the past, but this time let’s take a... Read more

With the summer vacation season coming soon, you’re probably already dreaming of pristine beaches, family reunions or mountain hikes. But for many people, those dream vacations stay just that — dreams— due to lack of funds. However, you still have time to start save up for summer vacation with a... Read more

With the new emphasis on ‘startup culture’ and the different business philosophies it implies, plus millennials placing a strong emphasis on workplace enjoyment, many companies are looking more closely at their own office culture. While there are many factors that comprise a company culture, an undeniably large part of it is... Read more

Sometimes it’s very challenging to grow a business while also saving your small business money. The more business you’re able to get, the more resources you mostly likely need to satisfy your clients. But in order to increase profits, you have to learn how to grow revenue while keeping your expenses... Read more

Some younger people may be holding on to a lot of cash, studies show. Doing so may not be the best option. If you’re lucky enough to have extra cash sitting around, here is some smart financial planning advice on what to do with it: For instance, a survey released this... Read more

Even with all their deep pockets, large corporations still have problems improving their local marketing. You may not realize it, but you have many advantages when it comes to growing your reach among members of your community. Some of the best ways to do that are through online local marketing. Here... Read more

Entrepreneurs and small business owners who follow the 3 tips below often enjoy success regardless of what business challenges are thrown at them. Those business owners who embrace these principles thrive during major economic downturns. And although these 3 tips may seem counter-intuitive at first sight, try them out and... Read more

The April 18th tax filing deadline is finally in the rearview mirror. Now you might be sitting back, waiting for that refund check to hit your account – or trying not to think about that big one you had to write. Then, all of sudden, you realize you made a... Read more

Most people who are expecting a tax refund this year or who already have gotten one plan to use the money to improve their personal finances. About a third (34%) say they’ll use it to pay down their debt, and another third (33%) say they’ll save or invest the money,... Read more

It’s crazy to think, but many taxpayers every year fail to take advantage of the tax credits they’re eligible for. With April 18 almost here, make sure you’re up to speed on any credits you may be able to claim, as that could make a serious dent in your tax burden... Read more