As business owners, understanding the difference between W2’s, 1099’s, employees and contractors is critical. Failure to do so can result in costly mistakes. Unfortunately, misclassifying workers is common, especially in the land of small business. what is a w2?...
How can you avoid small business failure? Often, the reason new businesses fail has more to do with a lack of understanding than a lack of resources. When I coach new business owners, I always share with them one piece of advice: often, it’s more important to...
Unfortunately, there is a lot of confusion around exactly how to manage small business finances. It’s a topic that exhausts business owners everywhere – What should I do first? How do I set my business up for success? What can I do on a regular basis to improve my...
I know bookkeeping isn’t everyone’s favorite thing. But there is no doubt that bookkeeping is hugely important and necessary for small businesses. And yes, bookkeeping is different from accounting. However, it has an equally essential role in your business. To...
People underestimate the power of long-term relationships with your financial team. The truth is these relationships greatly benefit your business over time. This is precisely why finding a great bookkeeper is essential for the overall health of your small business....