Many business owners often think they have to do it all. They’ve seen their business grow from nothing and usually have a hand in all of its operations. Of course, there comes a point when hiring dedicated professionals to manage specific aspects of your business is the best move. Finding people to manage specific areas […]
Whether or not you’re a business owner, the first quarter of a new calendar year often means you’ve got taxes on the brain. While personal and business taxes are both parts of financial life, business taxes come with their own unique challenges and opportunities. As always, education is key. What you may lack in experience […]
If there’s an aspect of financial planning that’s leading the pack in the running for Most Neglected, it’s probably tax planning. We all pay taxes, so it’s something we’ve all got to do to some extent, and many view it as a chore. This is unfortunate, as intelligent tax planning can potentially save you significant […]
Ancient Egyptian pharaohs would bury their wealth with them so they could use it in the afterlife. However, a few things have changed since then. Today, if you want any control over your assets when you’re gone, you’ll need to think about writing up wills and estate planning. The peace of mind that thorough and […]
Recently, we’ve mentioned making smart financial decisions in the New Year, to lead your business to success. And when it comes to the success of your business, it’s about more than the ability to make money. Generating revenue is a necessary step, but so is effectively managing the money coming into your business. That’s why […]
Financial decisions are among the most important decisions that business owners have to make. They affect everything from the company’s financial health to the company’s ability to grow, and they are important for major corporations and small businesses alike. Over half of small businesses fail within the first five years, and poor financial decision-making can […]
A keen awareness of the financial health of your business is a prime concern for any business owner. It’s a signal of growth or of a need for change. It’s how you know you’re doing the right thing and making good choices. It provides valuable feedback that informs which direction the company should move. Financial […]
How can you tell whether a business is in good financial health? It’s tempting to answer this question simply: Look at the bottom line profit margin, of course. We gather that that the profitability of a business is probably the best standalone indicator of good financial health. And it’s also a predictor of long-term success. […]
It never hurts to go over basics, especially when it comes to the financial health of your business. Let’s review some basics before we determine if your business is managing cash flow efficiently. What is Cash Flow? You could probably infer what it is just from the name. It refers to the movement of money […]
For business owners and wealthy individuals alike, taxes play a major role in managing financial health. Whatever your financial situation, tax preparation is an important part of the picture. About a third of people choose to employ a tax advisor to help them file tax returns and assist in tax planning, and there’s no guessing […]