Did you know that according to a NSBA survey the average business owner is spending over 8 hours a MONTH working on federal business taxes and finances? That doesn’t even include the other financial tasks like state taxes, invoicing, accounts payable, receipt management and the million other smaller financial tasks you have to do EVERY day!

Let’s do the math…. That’s over 100 hours a year! OR the equivalent (assuming a 50 hour week!) of letting your business run itself TWO WEEKS per year!

Two

Last week we discussed three of the most commonly missed tax deductions that business owners often forget to deduct (or maybe don’t realize they are tax deductible) and this week, we are going to the final three that in our opinion, consist of the top missed deductions.

Again, we like to remind our readers that they should always consult with a tax expert to ensure that their taxes are done properly and that they have maximized their deductions to the fullest.

ICYMI (common blog/social media

The financial world tends to spend a lot of time discussing taxes- there’s a reason for that! The IRS tax code is complex and confusing for many business owners. To further complicate things, often financial experts disagree on its interpretation creating LOTS of room for confusions and mistakes. We recommend making sure you have a great tax expert on your team to help you navigate through the muddy waters of tax time. (We partner with an expert-OR we can provide a referral if you need

Today’s topic is business burn-out. As a small business owner, we often wear many (sometimes, too many!) hats and this can lead to burn-out.

Burn-out can cause us to lose motivation and passion for our work and affect our business in a negative way.

Today I’d like to discuss some signs of burn-out and some things you can do when you recognize you are experiencing burn-out.

● Having no to low energy, being exhausted emotionally or physically
● Feeling uninspired, unmotivated, passionless
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Are you a spender or a saver? The answer to this question is likely to influence if you follow a budget or not! Savers are more likely to follow a budget because they tend to be more disciplined than spenders in the area of money.

Now before you get too upset at me, and think I am being unfair, let me say there is nothing wrong with being either type of financial person! But you must know which one you tend towards so that you

This may seem like a simple question, but it is so important to any business that has a petty cash system. We’ve discussed in previous blogs how small businesses is a target for theft. Employee theft unfortunately is no exception and petty cash is a common way for this to occur. In today’s blog post, I want to cover what petty cash is (and what it shouldn’t be!), why it is important to have a good accounting system in place for petty cash and alternates