Business planning

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Can a Seasonal Business Do Budgeting and Break-Even Analysis?

By | September 26th, 2017|Categories: Small Business Tax and Accounting|Tags: , , , |

Even if a business is only open for 3 or 4 months out of the year, the business will have income and expenses during that timeframe. A business owner can estimate those numbers (budgeting!) and use those numbers to determine how many jobs need performed (lawns mowed, driveways cleared of snow, etc.) in order to at least break even.

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What is the Income Threshold for Going from Sole Proprietor to S-Corp?

By | August 9th, 2017|Categories: Small Business Tax and Accounting|Tags: , , |

I say it depends on your cash flow and whether or not you can afford to pay yourself a reasonable salary for the work you’re doing.

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Does My Business Need a Separate Bank Account?

By | August 3rd, 2017|Categories: Small Business Tax and Accounting|Tags: |

The headline to this post asks a common question. And the answer is, yes!

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Alternatives to Hiring Employees

By | June 30th, 2017|Categories: Small Business Tax and Accounting|Tags: , , |

there are five steps to look at when a business owner is considering hiring employees.

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Managing Cash Flow and Working Effectively with Banks, Part 3

By | June 28th, 2017|Categories: Small Business Tax and Accounting|Tags: |

Here are six things I’ve learned through the years in seeing clients try -- usually unsuccessfully -- to get loans from banks.

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