As a small business owner you need to be really frugal. Lack of or misuse of capital is one of the main reasons why companies fail . That said, priority number one should be to save money. While some ideas will save more money than others you need to understand that every little bit counts. If it saves money it’s … Read More
Dallas Business Advice: New Year’s Small Business Resolutions
When January 1 comes, small business owners examine what happened during the past 12 months and decide to start fresh by making business financial resolutions. Resolutions are often easier said than done, however. Many of us have forgotten or dropped our individual New Year’s resolutions by Groundhog Day. Small business owners often vow to examine their operations from the past year … Read More
Texas Tax Advice: Tips To Save Tax Money
A major tax bill has been passed. In the years ahead many Americans will be paying more than before, while many others will pay less. People in both camps will still want to minimize any sums they pay, so here are some tax tips to help many taxpayers lower their bills.Note that many of these actions can be taken throughout … Read More
Dallas Tax Pro: Year End Tips For A Bigger Refund
Dallas Tax Pro: Year End Tips For A Bigger Refund Have you wondered how much you’ve overpaid in taxes this year? If so, you likely want to do all you can to get as big a refund as you can. As we inch closer to the end of 2017, now is the time to review what moves to make. Take … Read More
DFW Business Advice: Starting A Small Business Next Year?
As the end of 2017 approaches, aspiring entrepreneurs will reassess their situations and consider taking the plunge. It doesn’t happen overnight. Rather, it is a process. Here are some things to consider before taking that first step. Conduct thorough market research Before making any investments, conduct market research to determine if there really is an opportunity to turn the idea … Read More
DFW Tax Help: Small Business Year End Tips
Let’s take a look at where your small business stands as the year comes to an end. These small business year end tips can help you make sure you’re in good shape financially as you head into the new year. DFW Tax Help: Small Business Year End Tips Take Some Time to Look at Your Business First, set aside time … Read More
Small Construction Business Accounting Tips
Most construction businesses will use two different tax-accounting methods: one for their long-term contracts and one generally for everything else. A long-term contract is any contract that is still going on in the same year it’s started. Cash method of accounting One method that some construction contractors can use for both generally and specifically for their long-term contracts is the … Read More
Flower Mound, TX CPA: Managing Your Small Business Cash Flow
As a small business owner, you’ve maybe experienced both good cash flow times and bad. And while the hope is that the tight money periods only pop up rarely, sometimes you’ll need a little (or big) infusion of money to keep going. Flower Mound, TX CPA: Managing Your Small Business Cash Flow There’s an extremely fine line you have to … Read More
Questions To Ask Your Small Business Finance Advisor
Let’s say your business has grown to a point where you need to consider hiring a finance manager. Maybe your enterprise is now a middle-market company, big enough to justify giving your “numbers person” a bigger title. But how will you make sure that you’re getting what you need out of this key hire? Here are five thematic questions to … Read More
DFW Accountant: Succession Planning
Becoming financially stable so you can live comfortably in retirement is a goal that many small business owners have. Fortunately, according to a recent Wells Fargo/Gallup survey, 82 percent of small business owners said they are currently saving or investing money toward their retirement. 76 percent said they think they’ll have enough money to live comfortably in retirement. While most … Read More