The Truly Profit Plan
The Steps to Starting A New Business
Congratulations, you’ve decided to start a new business! This is an exciting step in your career, and you’re probably asking yourself how to get started. From choosing a business name to picking an ideal business location, the steps needed to start a successful business can be numerous. Thankfully, we’ve put together a straightforward guide to…
Read MoreThe Many Benefits of Giving Back as a Business Owner
The Many Benefits of Giving Back as a Business Owner Philanthropy has been a cornerstone practice of the most successful businesses for over one hundred years. There are many reasons why a company devotes time and money to giving back to the community. From networking opportunities to higher workplace satisfaction, in this article we explore…
Read MoreHow Taking Time off During Covid May Have Decreased Your Tax Liability
The COVID-19 pandemic disrupted U.S. society in many ways when it hit in 2020. The government responded with several pieces of legislation to help ease the financial burden the pandemic caused its citizens. The Families First Coronavirus Response Act (FFCRA) was one of the key measures passed in this regard. In this short article we…
Read MoreWhat You Need to Know About the Update to the Employer Retention Tax Credit
In response to the COVID-19 pandemic, Congress enacted several pieces of legislation to help ease the financial burden caused by the virus. The Employee Retention Tax Credit was part of the CARES Act and quickly became one of the most popular forms of government relief available. The ERTC is a refundable tax credit employers can…
Read MoreCash vs. Accrual Accounting – What Every Business Owner Should Know
Cash vs. Accrual Accounting – What Every Business Owner Should Know When you open your bookkeeping software to generate a report you are presented with several customization options. You can change the period, add comparisons, drag and drop columns. Then there is this one toggle which many know is there but have no idea what…
Read MoreHow to Price Your Products
How to Price Your Products It doesn’t matter what type of business you start, every business owner feels a bit of hesitation when sending a quote or posting their prices for the first time. There are so many factors to consider. The risk of losing a sale feels like it is always in balance with…
Read More3 Reasons You Should Clean up Your Books Before the Holiday Season
3 Reasons You Should Clean up Your Books Before the Holiday Season Bookkeeping can be a tedious task, especially for small business owners. But it is important to clean up your books before the holiday season so that you can focus on your business, family, and friends. Many business owners are faced with the dilemma…
Read MoreHow to Save Money with Bookkeeping Cleanups
How to Save Money with Bookkeeping Cleanups Accounting for the self-employed is often overlooked and not prioritized, especially for a start-up. Many new entrepreneurs are spending time generating revenue instead of taking care of their finances. When they finally realize the need for it, they end up hiring a CPA or a bookkeeper which can…
Read More5 Areas Entrepreneurs Neglect When First Starting Out
5 Areas Entrepreneurs Neglect When First Starting Out We all know that being a women-owned business is not easy. It takes a lot of tenacity and grit to make it work, but this does not mean it should be a hard thing. It just means it will take some time and effort to get the…
Read More4 Reasons Profitable Businesses Need A Bookkeeper
4 Reasons Profitable Businesses Need A Bookkeeper In business, we have preventative and reactive actions. We have an emergency fund as a preventative measure. We sign contracts and keep good records as a preventative measure. When business pivots it can sometimes be reactive based on economic conditions outside of its control. Sometimes we see trouble…
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