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 can’t know

“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 Security

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” …

Monitoring Expenses

Did you know that good bookkeeping can help you both make – and save – money?

It’s true! And here’s 4 of my favorite profit-increasing bookkeeping tips you can start using today:

(𝟭) 𝗔𝗨𝗗𝗜𝗧 𝗬𝗢𝗨𝗥 𝗘𝗫𝗣𝗘𝗡𝗦𝗘𝗦

Expenses billed as subscriptions are especially sneaky!

Take a minute to 𝗿𝘂𝗻 𝗮𝗻 𝗮𝗰𝗰𝗼𝘂𝗻𝘁𝘀 𝗽𝗮𝘆𝗮𝗯𝗹𝗲 𝗿𝗲𝗽𝗼𝗿𝘁 spanning the last 3-6 months. Then cancel anything you aren’t using anymore (or downgrade to a cheaper and more limited version). You could save hundreds – or thousands! –

So, AP kicking your tail? Hard to keep up with the bills, the due dates, the changes in pricing?

Here are my favorite accounts payable tips to make this part of your business easier:

GO PAPERLESS

Most vendors offer an option to email your invoices – so take them up on it. It’s a faster and easier way to keep track of your vendor invoices.

AUTOMATE PAYMENTS

Many vendors – especially for recurring charges – will automatically bill you every month. And