The security breach at Equifax a few months ago left many people thinking once again about identity theft. The best thing is to do everything you can to prevent it from happening to you. Here are a few tips to help you reduce your risk of being a victim of identity theft as well as how to reduce the damage …
Give Your Clients 5-Star Service
Are you interested in being known for your extraordinary customer service? Or perhaps you just want your customers to feel like it’s easy to work with you or purchase from you. If so, try these five tips for five-star client service. A good old-fashioned handwritten thank you note. Almost extinct, this customer pleaser shows you are willing to go the …
New Overtime Rules
Effective December 1, 2016, federal overtime regulations will change and may affect how you are paying your employees. These overtime updates will affect 4.2 million workers across the country. The new rules will raise the salary overtime-eligibility threshold from $455/week to $913 ($47,476 per year). This new threshold will increase every three years. Salaried workers already entitled to overtime will get …
Business risks
Running a small business is often about taking and managing risks. Market risks are normal but business and tax risks are another thing altogether. Most business and tax-related risks can be managed as long you know about them. Here are seven small business risks you will want to make sure are covered. Best Choice of Entity Are you operating as …
Costs of Marketing
Two very important skills for entrepreneurs to master are marketing and finances. Combine them by understanding the numbers behind marketing, and you have an even more powerful understanding of exactly what makes your business tick. Key Numbers – Cost Per Client Acquisition Do you know how much it costs your business to bring in one client? The technical term is …
Outsourcing your Bookkeeping
As a business owner, you have plenty on your mind. More than likely, bookkeeping is not high up on your list of things you want to do, but you know it’s necessary. However, what many business owners don’t realize is that, while bookkeeping is absolutely necessary, it’s not necessary for YOU or your key staff to do it. Outsourcing bookkeeping …
Payroll Compliance: Payroll Mistakes to Avoid
Payroll compliance isn’t the most exciting topic in the world, which may be one of the reasons why various small businesses don’t know a great deal about it. However, ignorance can severely damage your business, and according to reports, as many as 1 in 3 businesses are penalized as a result of payroll compliance failures. Knowing how to file before …
Starting a New Business: Important Things You Need To Know
Starting a new business can be an incredibly exciting time in anyone’s life, but the truth is that almost three quarters of all start-ups fail within the first three years, and a third of those begin to crumble within the first six months. If you want the best chance of bringing your ideas into fruition, and surviving the initial start-up period, …
Why It May Be Better To Outsource Bookkeeping
Bookkeeping is a very important part of a business and goes above and beyond simple math. Small businesses, in particular, will generally try to do it themselves, as a way to save money. However, this may not always be a good idea, because mistakes in bookkeeping can be very costly. So what are some of the mistakes small businesses make, …
Bookkeeping Tips For Small Businesses
Small business owners devote most of their time generating sales and growing revenue, but part of their role may include keeping accurate financial records of business earnings and expenses. Bookkeeping has two main goals: to keep track of your income and expenses, and to collect the necessary financial information for filing various tax returns. If you’re opening (or already own) …