Ever wish you had a crystal ball when it came to the future of your business’ finances? Something to answer questions like:
“Can I afford to hire 2 part-time employees during my busy season this spring?”, or “When will I have enough money to pull the trigger on that expensive new piece of equipment?” Now, we don’t exactly have a crystal ball – but we do have the next best thing: 𝙲𝚊𝚜𝚑 𝙵𝚕𝚘𝚠 𝙵𝚘𝚛𝚎𝚌𝚊𝚜𝚝𝚒𝚗𝚐 𝗪𝗛𝗔𝗧 𝗜𝗦 𝗜𝗧? Cash flow forecasting is a way of using

Do you struggle with picking good price points in your business? You know what I mean – coming up with a price for your services or products that you know will *actually* be profitable?? 😬 If that sounds like you, then it’s time to get to know the fixed and variable expenses in your business – and then use a super simple breakeven formula 🤓 🤔 𝗦𝗼 𝘄𝗵𝗮𝘁 𝗮𝗿𝗲 “𝗳𝗶𝘅𝗲𝗱 𝗲𝘅𝗽𝗲𝗻𝘀𝗲𝘀”? These are your “overhead costs”, and they don’t change much from month to

Are you thinking about applying for a loan for your business? 💰 If you are, there are a few things you’ll have to do before calling up your bank, such as: 📄 Gathering up your financial + legal documents 💳 Checking (and maybe improving) your credit score 🗺️ And even writing up a detailed business plan. Know what else you got to do? Get your business bookkeeping up to date and in order 😬 Here’s why: 📊 LOAN AMOUNT: Without up-to-date finances, you

“So do I need to worry about collecting & filing sales tax for my business? 🤔 And if so – what percentage or amount do I need to charge?” Hoo boy – this is actually a surprisingly complicated question 😬 Here’s why: 𝗘𝗮𝗰𝗵 𝘀𝘁𝗮𝘁𝗲 𝗶𝘀 𝗱𝗶𝗳𝗳𝗲𝗿𝗲𝗻𝘁 There is no universal federal sales tax rate – sales tax is determined by each individual state, therefore the rules and rates and filing frequencies differ from state to state. And it’s not just state taxes – there are

Everyone knows about the big bad tax date, April 15th, right? … But what about all the other “little” tax deadlines in between, like the estimated tax payments due every quarter? In case you aren’t sure about this whole quarterly tax thing, here’s a quick rundown (and a good article below with more info!) 𝗪𝗵𝗮𝘁 𝗲𝘅𝗮𝗰𝘁𝗹𝘆 𝗮𝗿𝗲 “𝗘𝘀𝘁𝗶𝗺𝗮𝘁𝗲𝗱 𝗤𝘂𝗮𝗿𝘁𝗲𝗿𝗹𝘆 𝗣𝗮𝘆𝗺𝗲𝗻𝘁𝘀”? Every quarter, you need to make a tax payment based on your estimated income for the year. This includes taxes like income tax, Social

Are your clients a little (or a lot) slow when it comes to paying their invoices? 😬 While you can’t pull out their credit card for them, there’s some things you can do in your invoicing process to increase your chances of getting paid – and even increase the speed of the payment! Here are 5 simple tips on how to do it: (𝟭) 𝗠𝗔𝗞𝗘 𝗬𝗢𝗨𝗥 𝗜𝗡𝗩𝗢𝗜𝗖𝗘 𝗧𝗘𝗥𝗠𝗦 𝗘𝗔𝗦𝗬 𝗧𝗢 𝗨𝗡𝗗𝗘𝗥𝗦𝗧𝗔𝗡𝗗. You may know that putting “CIA” on your invoices means “cash in advance” …