Business Blog

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Fran McCully Interviewed on Web Talk Radio

Fran McCully Interviewed on Web Talk Radio

Ambitious Entrepreneur – Business Planning: Creating your roadmap to success Do you have a business plan that you regularly refer to? If not, you could be jeopardizing your ability to reach your business goals. In fact, we’ve all heard the saying: “Fail to Plan – then Plan to Fail,” which is exactly what today’s guest believes will Read More

Are You A Business Owner Preparing for 2012?

Are You A Business Owner Preparing for 2012?

Cash flow now is more important than ever.  If you provide credit to customers, staying on top of receivables is a must.  Communicate with your banker, bookkeeper or accountant if you are carrying  substantial debt and see if there is some way to refinance to lower interest costs; or, spread your payment over a longer Read More

Can You Define Cash Flow for Your Business?

Can You Define Cash Flow for Your Business?

Can you Define Cash Flow for Your Business? Knowing what makes up cash flow is the first step to avoiding a cash crisis. The majority of business owners believe their cash flow is the revenue they generate less the expenses they pay. The answer lies in the fact that the accounting rules that govern the creation of Read More

2011 Year End Bookkeeping Checklist

2011 Year End Bookkeeping Checklist

2011 Year End Bookkeeping Checklist The end of year is an important time for small business owners to get organized and start preparing for tax time. Below is an outline to help you prepare your accounting records so you can be up to date by year end and ready to start fresh in 2012. Enter final transactions Compare Read More

Stress-Free Bookkeeping

Stress-Free Bookkeeping

Stress-Free Bookkeeping Managing your books is a cumbersome but critical task for any business. It is very time-consuming, frustrating, and could mean working late hours. However, it has to be done to know the worth of your business and to satisfy the government for taxes. You also need to do this on a regular basis to Read More

Too Much on Her Plate

This week we are pleased to share with you an article by Psychologist and Life Coach Dr. Melissa McCreery. Join her in the Too Much on Her Plate giveaway in an effort to make life less stressful and more successful! Read the article below for tips on how to survive and thrive. Psychologist and Life Coach Read More

Bookkeeping Tips – Car Travel and Other Business Expenses

Bookkeeping Tips – Car Travel and Other Business Expenses

Car Expenses To take a business deduction for the use of your car, you must determine what percentage of the vehicle was used for business. No deduction is allowed for strictly personal use,such as commuting. Deductible car expenses can include the cost of: Traveling from one workplace to another Making business trips to visit customers or attend business meetings Read More

Bookkeeping Tips

Bookkeeping Tips

Whether you are keeping your business books yourself, or are hiring a bookkeeper to take care of them, here are some tips to help tame your paper and save you some money. Every week, take 15 minutes to file your receipts. This can be as simple as stuffing them all into one file, or sorting them Read More

What receipts should you be collecting?

What receipts should you be collecting?

What Receipts should you be collecting?  Every time you spend money, ask yourself " is this related to my business? Office:  Keep your receipts, software, computer, tools, maintenance and repairs, office rent (If you rent a space from someone else) If you work from your own space, you are entitled to deduct a percentage of your Read More

Basic Bookkeeping Tips

Basic Bookkeeping Tips

For many small businesses, the most common bookkeeping errors are also the easiest to fix. Here are six tips to help keep your business on sound financial footing. Maintain daily records. If you don't keep accurate daily records, you don't have an accurate way to track the financial condition of your business. Handle and review checks carefully. Read More