Starting a business takes a lot of hard work and usually takes substantial investment of time and money. If you have just started out then you may not be ready to put every cent of your profit right back into the business to keep it growing. There are ways to grow your business with spending little to no money, some of which don’t take much time to set up or develop. Below is our list of 6 ways to grow a small business without spending money.
Whether you’re new to business or have been grinding it out for a while, there’s a high probability that you’ve dealt with your fair share of difficult customers. You know, the situations where you find yourself questioning why you started your business? In society we have this stigma that being “busy” means that we must be doing well. If we’re not filling every waking moment with productivity then we’re not successful. So we take on more work than we may want to just so we feel accomplished.
We’re 10 days from the 2018 tax filing deadline, do you know what your results will be? Did you file a tax extension because your financials were messier than you realized? You’re not alone. If you run a business and arrived to tax season unprepared, it’s most likely because you neglected to keep up on your financial record keeping. If you haven’t already done so, you’ll soon be faced with spending countless hours organizing your information. The worst part of that is if you’re not versed in accounting, you might not get the right answer!
Thinking of doing your taxes yourself this year? Maybe you should think again. We have our first official Tax Court decision of 2019 and it’s a doozey. If you start to get nervous while you read this remember that Eliseo CPA, PLLC, the best accounting firm in Charlotte, is always here to help!
Are you thinking about writing off a new car purchase for your business? Have you done your homework? Does it meet the obscure Section 179 requirements to be fully deductible on your tax return? Maybe it only qualifies for a certain deduction percentage or is limited to how much can be deducted because of the type of vehicle.
In a technology driven universe, almost everything can be done online. Are you aware that this also applies to financial and accounting services? Bet you didn’t know that your CPA does not need to live near you! It mostly depends on your personal comfort when dealing with your financial situation. Hiring an accountant will take stress off of you in terms of your personal and small business financial information and having someone on board that you know you can trust, are comfortable working with, and who clearly knows their stuff can make all the difference. So, why should you consider and feel comfortable with an out of state accountant? Read on.
Business owners are cut from a different cloth. They learn certain skills and amass expertise in their fields and then take that aptitude to the market for sale. To be successful you must be proficient, driven, and knowledgeable at the expense of investing endless amounts of time and money. Once you cross the entrepreneurial threshold you are now ready to add value only you can personally provide in your industry. All this being said, don’t you think you should get paid what you’re worth? Seems like a lot of effort and risk to have others tell you what you should be paid.
When you run a business, you have a lot to manage. Sometimes things get overlooked in the beginning, like setting up a bank account dedicated solely to the business. Why would that be important? Well, for starters, it helps keep your business and personal transactions separated, which is a best practice. There are also the legal issues which can result if you do not take the time to separate the two types of transactions. Nowadays many banks offer free business checking accounts so there shouldn't be much holding you back.
Save money. Live better. Tax planning! Oh, you thought we were going to say Wal-Mart?! Well, if you follow the guidelines here you’ll save more than your average trip to the store for groceries or personal items. As the best Charlotte CPA firm, this is exactly what we can do for businesses and individuals with our tax planning services.
If you’re preparing to start your own small business there can be a lot of overwhelming paperwork and checklists of important things to complete. Before you dive into the process there are some things you should know to increase your chances for business success.
the survival of your business depends on having a solid financial plan, which means streamlined record-keeping, consistent financial analysis and, perhaps most importantly, cash flow management. The problem I typically see in small businesses is lack of knowledge about the most efficient and effective way to handle the accounting side of things