by Karla Dennis | Mar 6, 2020 | Business
Due to the rise of social media apps and content, many people are now relying on social media to help build their small businesses. Many people have started their business on platforms such as Instagram and Facebook. Although it can be easy to start, the hard part is getting followers and standing out from the crowd. To stand out and have a style that represents your brand, you’re going to need a few essential apps to help you fulfill your small business vision. Canva: If you need to make flyers, posters, Instagram posts, or any photos at all, Canva is the go-to for most social media users. Canva is easy to use and has many templates that can fit any look you may be going for. This app can be used on computers and mobile phones, making it easy to access no matter on what device. Available on both IOS and Android, it’s easy to share and accessible for anyone in the business. This app is also easier to use than other more advanced apps such as Photoshop or Adobe. Canva does have some premium options, but other than that, it is free to use. Canva also makes it easy to download your creations and share them on all social media platforms. read...
by Karla Dennis | Feb 20, 2020 | Business
If you left your office in disarray before the holidays, you’re probably not the only one. However, a cluttered workspace can hinder your productivity. As you ease back into your regular work routine, take an hour to apply our tips to help you clear out, clean up and create space for a new year. It’s time for office organizing 101. 1. Purge your papersAs you work to tame the paper piles, be sure to think through how you can reduce the amount of paper you generate in the first place. After all, we do live in the digital age. Ask yourself: Do I need to print emails? Can I scan documents and receipts instead of keeping hard copies? While you are at it, remember to shred any documents that contain sensitive information read...
by Karla Dennis | Jan 2, 2020 | Blog, Business
3 Proven Strategies for Small Business Owners to Increase Cash Flow Is your small business struggling to make enough profit to pay the bills? Living paycheck to paycheck can be quite frustrating. Perhaps you started a small business so you could pursue your dream while earning money at the same time. If so, then you know that it isn’t always easy to get a small business to bring in the profits you’d like. However, if you’re willing to work hard and have a good plan, there’s no limit to how far you can take your small business. Luckily, there are many ways to increase your current cash flow and free you from the threat of financial disaster. read...
by Karla Dennis | Nov 14, 2019 | Blog, Business
Before the holidays completely take over, check out this list of tips for taking care of end-of-year business tasks. Doing so will help you stress less during EOY and better prepare you for 2020. Connect with our firm for a year-end reviewNow is the time to meet with us to review your financial standing and plan for next year. Year-end reviews can include your profit and loss report, year-end financial statements and projections for next year. Update your payroll and benefitsIf our firm is handling your payroll, let us know about corrections that need to be made before the end of the year. If you handle payroll in-house, make sure you have all taxable fringe benefits, payroll deductions and changes in benefits and reimbursement accounted for. Also, don’t forget to take care of payroll taxes and other compliance tasks. read...
by Karla Dennis | Sep 27, 2018 | Blog, Business
This post was originally published on July 17, 2013, and updated on September 27, 2018. With the recent change in the Tax Cut and Jobs Act, new business owners are asking what is the best entity set up, and current business owners are asking if they should move their C corporation switching to an S corporation. The answer really depends on what the long-term goals are for the business. What are your long-term goals for the business? The right structure doesn’t just depend on the state of your business today; it also depends on where you would like to be in three to five years, or even longer. If you’re looking for fast growth, which takes cash, C corporations allow for multiple classes of stock and don’t restrict the number or type of shareholders. They’re the best fit if you’re seeking investments from venture capitalists, or if you plan on becoming a publicly traded company, rather than a privately owned one, in the near- or mid-term. Another consideration is what happens when you or another owner dies, goes bankrupt or withdraws. Corporations live on after these events, but generally, the other types of business structure dissolve unless specified otherwise beforehand. What are the basic benefits of a switch? If a C corporation owner elects S corporation status, the corporation’s income and deduction items are passed through to the owner, reported on his or her 1040 and taxed at personal rates. Significantly, switching to S status would avoid any threat of double taxation on (1) future corporate operating profits and (2) future appreciation in corporate assets that occurs after the switch. As...
