Why Small Businesses Need Accountant
If the process of running a business entails that you exchange service or product for a fee to profit from it while experiencing exponential growth, then have you asked yourself why you have been in your business this long. You cannot seem to trace your…
Common IRS Email Scams and How to Avoid Them
The IRS is the Internal Revenue Service of the United States federal government. This governmental agency is a bureau of the Department of the Treasury. It is headed by the appointed five-year term Commissioner of Internal Revenue. According to the Tax Policy Centre, “The Internal…
Six Common Tax Mistakes That Startups Face
As a young or fresh startup, your major concern would be things like finding the right investors or hiring the best team and you would be less concerned with preparing for tax seasons. It doesn’t matter if it’s a small establishment or a big enterprise,…
5 Common Mistakes to Avoid while Creating a Business
A lot of times, people have the urgency to start a business without carrying out proper research on several factors. According to different research, new businesses fail within the first one and a half years of commencement. This is indeed a sad reality and one…
5 Things To Know Before Starting A Business
Starting a business isn’t as easy as it may seem. Although it might look simple thanks to the internet, it requires a lot of planning and consideration. There are so many different factors that you should consider if you want to build a successful brand…
6 Tips On Executing a Business Project On a Budget
Any company owner or project manager knows first hand the importance of managing expenses. If you have worked in a profitable organization or owned one then you understand the factors that affect gross profit. Some of them are oversight, waste of resources, under budgeting, etc….
Tax Consideration When Starting a Business
Every business owner will agree that the sole purpose of starting any good business is to make a profit. But what happens when this business turns into a burden and incurs losses instead? This could happen if a business owner heads into a business without…
Is Your Company’s Accounting Process Optimized? How To Tell?
Many positions like the CFO and the accounting sector of a company is a less fun but extremely important aspect of running a business. It is a necessary evil that must be paid due attention to your organization to run smoothly and on the deficit…
5 Tax Deductible Purchases You Didn’t Know Of
There are two unquestionable certainties in this world, which are death and taxes. Benjamin Franklin rightly puts it that “…. but in this world, nothing can be certain except death and taxes.” Taxes are monetary tools levied on individuals and organizations. These levies aid the…
Tax Consideration for E-commerce Business Owners
E-commerce is a strong force to reckon with in 2020. Buying and selling has become seamless but can be quite complex for entrepreneurs because of the ever-changing online sales tax laws. It has been common among e-commerce business owners to feel overwhelmed due to complicated…