Business Resources Library

Viewing Author: Alek Marfisi
5 Best Practices to Increase Your Profitability in the New Year

The New Year is a time for reflection and planning. For small business owners, that means reviewing your year-end financial statements to see how you did and planning for the future. If you’re interested in improving your business’s financial image, here are five ways to boost profits. 1. Small Markup vs. Big Markup: It’s important to focus your efforts and know what works best for your company. If your business has a small gross margin (think: small mark-up) cutting costs by [...]

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Managing small business receivables and payables

Most entrepreneurs look at the cash coming in and cash coming out of their business to assess its stability and performance; however, cash in and cash out are only part of the picture. To effectively manage a company, we need to look at not only what’s happening now, but what’s on the horizon. Doing so requires an understanding of receivables and payables. Payables and Receivables: Payables (A/P) are bills for services that your company has already used or goods that your company [...]

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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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Small Business Finances, Small Business Accounting, Small Business Financial Tips, Accounting Tips for your Small Business

Learn about these key accounting principles and you'll be able to manage your small business more effectively.

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