Do you find yourself wishing you had finished your taxes faster each year? Being quick off the mark means potential savings and reduces a whole lot of stress.
Filing taxes is obviously an important part of running your business, and can be overwhelming. Planning ahead, being organized, and getting them filed quickly means you can finish filing before the deadline, and focus on your business. (more…)
Small and medium-sized businesses across the United States often struggle with cash flow issues. Such financial problems can affect their companies to such an extent that it leads to failure: 82% of businesses fail due to cash flow problems, according to a US Bank study, making it the leading cause of collapse. Late payments by customers and variable frequencies in retaining clients are factors you often can’t predict, and can quickly lead to issues with profit that mean you need assistance. (more…)
Small and medium sized businesses who use automated invoicing and build close working relationships with their clients will be more successful and have significant savings. That’s a bold claim, but consider the 90-95% reduction in paperwork and 25% improvement in productivity that happens when you use e-invoicing, and you will begin to understand how outsourcing your accounts receivable is the way forward. Invoice processing technologies are paving the way forward, substituting old and outdated accounting solutions and revitalizing them. Don’t let your business fall behind. (more…)
If you’re running a small or medium sized business, a well-researched company budget is essential to keep profitability up, and to keep you on track. Setting goals and evaluating each step of your business ideas is crucial to implementing any changes, and a strong budget with clear steps and solid adherence is a great indicator of the financial health of your company. Measuring your progress on a regular basis by sticking to a budget is going to make or break your business. (more…)
Cash flow is a fundamental indicator of financial health. It is crucial to have a solid understanding of where your money is going, and how much is coming in so that your business can stay afloat. Debt management and consistent cash flow are keys to growth, so it is vital to understand the steps to improving and retaining capital. (more…)