Business Resources Library

Viewing Category: Financial Management
Small business expenses worth the investment

Small business owners are cautious about every dollar spent and rightly so: Cash management is one of the key differentiators between businesses that succeed and those that don’t. That’s why return-on-investment (ROI) is an important concept that all small business owners should embrace. With ROI, for every dollar you spend (your “investment”), you aim to get back a return that’s greater than your original investment. Sometimes, this is a direct, cash-for-cash [...]

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Small Business Bookkeeping

This is the first article in a two-part series on bookkeeping. Part II will provide information on taking your bookkeeping to the next level and will be published on March 30 . Great bookkeeping habits help you make smarter business decisions, spot opportunities early on and head off problems before they become unmanageable. Good bookkeeping practices also ensure that you’re on top of issues like tax and insurance payments that can get otherwise great businesses into trouble. If [...]

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How to Improve Your Working Capital

Business success takes planning, coaching, commitment and access to resources, and one of the most important resources for small businesses is adequate working capital. In this article, we take a look at what working capital is, why it’s so critical, how much you need and how to access it. What is working capital and how is it different from other capital? In a nutshell, working capital is your company’s current assets minus its current (short-term) liabilities. Current assets [...]

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small business benchmarks

A new year provides a renewed opportunity to build good habits for your small business. As January approaches and you set the direction for your business for the year ahead, now is the time to adopt some best financial practices to start the next year on the right course. There are a number of good habits that your small business can adopt to improve its financial health in 2018. It’s a good time to establish goals and to evaluate strategies to achieve those goals. To help you get [...]

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Small business tax reporting questions

A sound tax strategy is a vital component of any successful small business. Developing one for your business will require you to make numerous important decisions on how your taxes are reported. Taxpayers and their tax professionals work hard to develop strategies to minimize the tax obligation while staying in compliance with all applicable laws and regulations. To help you navigate these decisions and better guide you as you work with your business’s tax professional, we’ve [...]

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