When you own a small business, everyone wants to give you advice. It can come from all kinds of sources: friends, family members, neighbors, social media connections, people you meet walking your dog. A lot of times such advice is not very helpful. If you’re looking for worthwhile advice, there are many people who have worthwhile insights and experience that … Read More
A CPA’s Keys to Increased Sales
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 highlighted three key issues: Sales had declined year after year … Read More
A CPA’s Advice Helps Law Firm
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 approximately 2,000. The accountant then asked the lawyer to divide … Read More
Benefits of Cloud Accounting
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 were increasing, profitability was not. At … Read More
Construction Business Grows With CPA Advice
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 draw his usual dividend at the year end. His CPA … Read More
2016 Best of Denton County
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 to the next stage, where they will compete with two … Read More
Stay Focused While Working at Home
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 your Rhythm Everyone has a different internal rhythm. What’s yours? … Read More
Managing Millennial Employees
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 employees: Provide structure. Reports have monthly due dates. Jobs have … Read More
Four Small Business Mistakes
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 rolled over on (at least) a quarterly basis. As a … Read More
34 Ways To Increase Small Business Earnings
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 money for your small business: More sales Better referrals from … Read More