by | Jan 30, 2017 | Accounting & Bookkeeping, Income Taxes, Small Business Owners
Question: Can I deduct an invoice that my customer refuses to pay? Answer: Like many tax questions, the answer is maybe. It all depends on when your company records income. A company can choose between recording the sale at the date of the invoice (on the accrual...
by | Jan 26, 2017 | Sales & Marketing, Small Business Owners
I’ve been looking at cars recently, and marketing is constantly running through my mind. Car dealerships spend tons of money on advertising, leads, and internet marketing, but it really comes down to the salesperson. If you think about it, this is true in most sales...
by | Jan 25, 2017 | Accounting & Bookkeeping, Business Profit & Cash Flow Tips, Client Question of the Week, Cost Cutting, Income Taxes, Small Business Owners
After all this time it still amazes me that business owners don’t understand the importance of having good records. As often as I have run into it over the last 30+ years, it shouldn’t anymore. They usually hire a bookkeeper and a CPA to do their taxes and then forget...
by | Jan 20, 2017 | Small Business Owners, Small Business Success Series
The myth most business owners believe: I must be the one to make sure the trains keep running. Why this myth causes a problem: In order to get more customers, it is my responsibility to make sure that my product/service is delivered correctly and on time. The truth...
by | Jan 19, 2017 | Sales & Marketing, Small Business Owners
Customers like to feel like they’re a part of something special and exciting. So when you’re planning promotions, try to make them special and exciting! Use your creativity! We have seen business owners give away prizes, give free food and drinks, or invite guest...
by | Jan 18, 2017 | Sales & Marketing, Small Business Owners
In fact, the most successful business owners see what other business owners are doing, and do the opposite! Why? Well, consider that according to the Small Business Administration (SBA), over 50% of small businesses fail in the first year and 95% are out of business...