Do You Have Past Due Accounts?
Does your business have Past Due Accounts? If you provide a service or ship a product before you get paid, you most likely have a balance in your Accounts Receivable account. If customers pay when their invoice is due, all is right with the world. If they don’t, then your cash flow is tight and […]
8 Ways to Increase Your Profits
Increasing your profits might sound like it’s an unattainable dream just out of your reach. But there are a finite number of ways that profits can be increased. Once you understand what they are, you’ll have clarity on how to best reach your goals. There are two primary ways to increase profits: · Increase Revenues […]
Is It Profitable to Blog?
So you’re ready to earn money blogging. Read this first. One of the many online marketing options available for businesses and creative individuals today is blogging. It’s relatively easy and with some effort you can actually earn money. As long as the content of your blog is relevant to your readers, you can post on […]
The Death of the Annual Performance Review
If you have employees, you probably also have a process to help them understand how they are doing on their job performance. There’s a new trend in large companies to kill the annual performance review and replace it with continuous, instant feedback as well as a tool called an after-action review. After-Action Review An after-action […]
Could Your Business Survive a Disaster?
As business owners, we want to remain optimistic about our business’s future. But life can happen, and we need to be prepared. A good business owner thinks about all the risks to their business and has a plan in place to reduce or eliminate them. In 2017, we’ve already had floods in the Midwest and […]
The Power of Influencer Marketing
One of the hottest buzzwords in marketing this year is influencer marketing. Influencer marketing uses key people in thought leadership positions to spread the word about your brand. These people may be paid or unpaid spokespersons for your brands, products, and services. The profitable thing about influencer marketing is the leverage. Instead of marketing or […]
What Is Reasonable Compensation?
For small businesses formed as an S Corporation and with plenty of profits, reasonable compensation is a term you may want to be familiar with. Many small businesses have organized as an S Corporation form of entity. In many cases, the S Corp election allows a business owner to save money on self-employment taxes, especially […]
Five Ways to Streamline Your Payroll Process
For business owners with employers, payroll is a necessary task that can slow your day and tie you down if you let it. If you’re looking for a way to make payroll less time-consuming, here are five ideas you can put to good use: 1- Employee Onboarding If you hire a lot, empower your new […]
Are you being driven by distraction?
Let’s face it, unless you’ve been off on a yoga retreat in silent mediation for the past 18 months, you’ve undoubtedly gotten yourself wrapped in the reality show that is politics today. If you’re like many Americans, you rightly feel compelled to engage in shaping the future of your democracy. So continue to make calls, […]
Positive Pay – Protecting Your Business from Fraud
Positive Pay Fraud Protection Over 62% of Small Businesses are targets of payment fraud every year. Banks recognize that Small Businesses are vulnerable to check fraud both internally and externally. As a result, we recommend our clients use Positive Pay service through their bank. What is Positive Pay? Positive Pay is a service offered by banks that […]