Category: General Business

Q & A and Tips on Accounting, Taxes and Personal Finance.
10 Tips For Choosing a Reliable Payment Processor

10 Tips For Choosing a Reliable Payment Processor

Choosing a credit card processor can be confusing. Here’s what you need to know to get it right. Since businesses usually cannot withdraw funds directly from a customer’s bank or credit card account they rely on payment processors as the middleman. These payment processors connect you to merchant accounts such as Visa or American Express. […]

March 31, 2017 | By More
Cybersecurity Mistakes you Cannot Afford to Make

Cybersecurity Mistakes you Cannot Afford to Make

Companies can’t afford to be asleep at the wheel when it comes to protecting personal and corporate data. Below are the five common mistakes you can’t afford to make when it comes to protecting assets from cyber-attacks. Mistake #1: Assuming you’re not a target Whether large or small, organizations in every industry are vulnerable to […]

November 3, 2016 | By More
Budget Your Business for 2017

Budget Your Business for 2017

Budget Projections Offer a Road Map to Success I know that many businesses do not prepare projections, and among the ones that do, many do not use them to monitor results. Many believe that one of the most important steps in achieving personal goals is to write them down. Preparing and monitoring a budget for […]

November 3, 2016 | By More
How to Increase the Value of Your Business

How to Increase the Value of Your Business

The value of a business is based on two factors: the expected future cash flow of the business and the risk that future cash flow will occur when and in the amounts expected. Reducing costs can help you increase cash flow and, as a result, the value of your business. What is future cash flow? […]

June 14, 2016 | By More
Receipts – The Foundations of Proof

Receipts – The Foundations of Proof

Some people keep and guard receipts as if they were pieces of precious memorabilia. Many other people leave them on the store counter, toss them away, or roll them up in a ball and shove them in a pocket on the way out the door intending to throw them away later. If you’re a business […]

March 14, 2016 | By More
How to prove business expenses

How to prove business expenses

All businesses must keep records in order to prove business expenses. Good records can help a business prepare its business tax returns as well as support items reported on the returns. All taxpayers must also keep business records for the IRS. To claim any deduction, a business owner (or taxpayer) must prove what the expenses […]

February 11, 2016 | By More
Forecasting Can Save Your Business

Forecasting Can Save Your Business

There’s no doubt that poor planning can sink your business but what is the alternative? How do you plan for the unexpected? What measures will keep your business afloat and send those warning signals before it’s too late? Melissa Rascon – CPA of The Rascon CPA Firm PLLC of The Woodlands, Texas discusses the importance […]

February 9, 2016 | By More
Independent Contractor vs. Employee

Independent Contractor vs. Employee

With today’s technology and ease of communication, employers often hire independent contractors who work remotely – the obvious benefits are cost savings on a number of levels including employment taxes.   What determines an Independent Contractor vs Employee?  Dave Heistein of Profitwise Accounting, Inc. in San Diego discusses this often murky subject. Dave:  At first glance, […]

November 21, 2014 | By More