business partnership

Partnership

This week we are going to review the business structure of a partnership, the third in a series highlighting various business structures and which one is potentially most beneficial to you. Previously I’ve discussed Limited Liability Corporations and Sole Proprietorship.  Partnerships are created with another person in the same way you create a sole proprietorship; you simply need two or more people to start business … Continue reading Partnership

financial needs, trust

What to look for in a CPA

Great financial professionals are everywhere, but that doesn’t necessarily mean that he or she is right for your needs.  There is no such thing as a “one size fits all” accountant. Recently, I shared an article on Facebook and on Twitter:  11 Signs That It’s Time To Find A New Tax Professional.  It’s a good guideline about red flags you should look for when dealing … Continue reading What to look for in a CPA

expense, profit, budget, projection

Budgets and Projections

“Where does our money even go?”   I heard this recently from a friend who was having a difficult time sticking to a budget.  He can pay bills and cover expenses, but the thought of saving or planning for a financial emergency is completely out of the question.  This scenario plays out over and over in individual finances, but it also happens to businesses.  There … Continue reading Budgets and Projections

QuickBooks Online

When running your own business, accurate record keeping is vital.  Missing bank statements, incorrectly tracked inventory, or misfiled data not only make your bottom line unreliable, but also places you and your business at a higher risk of IRS audit.  As our modern society becomes increasingly reliant on online and mobile technology it also becomes more accustomed to instant gratification–information at the touch of a … Continue reading QuickBooks Online