But Don’t Take Any Wooden Ones…
Today The Supreme Court will listen to a challenge to the Sarbanes-Oxley Act of 2002, the centerpiece of the government’s response to the watershed accounting scandals at Enron and Worldcom. There’s a chance that Sarbanes Oxley will be repealed, and if so it will confirmed what I thought-that Sarbanes Oxley (SOX) compliance is a waste [...]
Wow, you can learn a lot by casually reading your friend’s tweets. Today I heard about Harvest, an online time tracking and invoicing application. Many self-employed/freelancers are looking for a simple solution to do invoicing and keep up with their accounts receivable. Harvest has some cool bells and whistles like recurring invoices, expense tracking and [...]
September 21, 2008
Nichelle Stephens
16 Comments
The lazy days of summer have arrived. Even if the economy has not affected your business, you should take a moment to the review and analyze how your business operated the first half of the year. I offer three tips and I recommend reading the full article from Joyce Rosenberg. Review your overhead expenses and [...]
Today I found this article on CNNMoney about ways to finance a startup. Though the ways of financing is familiar, I would guess that many entrepreneurs don’t know how to record this accurately in the books. It could be classified as an aset, investment, owner’s equity or loan. Here are the seven ways, and I [...]
Once in a while, I read a business article that I nod my head in agreement to every sentence. Joyce Rosenberg is spot on in her piece, For Small Biz, Income Tax Season is Right Now. clipped from www.businessweek.com For the many owners who file their business tax returns using a Schedule C [...]
Via Lifehacker, I found this excellent blog post on Freelance Switch with accounting tips for freelancers. Many of my small business clients also do consulting or writing which is an additional stream of income so they are freelancers as well. 1. Set up a billing system. I personally use Blinksale to bill some of my [...]
An excellent post about getting the right accountant and preparing for next year’s tax bill. I hightly recommend checking in with an accountant in December to see what you expected tax bill will be. Also, get organized on Quickbooks or some accounting system where can actually review your P/L and Balance Sheet. clipped [...]
I actually stumbled upon this link, and there are so many calculators (100) that I suggest reviewing the ones that are most applicable and critical to your business. Cash Flow is a good one! clipped from www.businesscreditcards.com Business Operations Don’t get caught off guard by the unexpected financial pitfalls of owning a business. [...]
My favorite clients are actually the ones who ask a lot of questions, but also respect my knowledge and experience. Many have asked me to refer a CPA to them, but it is hard to do that since each clients has different needs. Some people really want a tax preparer. Some want a financial advisor [...]
As a bookkeeper, I have been asked by many of my clients to refer them to a effective lawyer and a good CPA. Most small businesses can’t waste time with professionals who don’t fully understand the needs of a start-up or home based-business. Interview these people with care, and make sure you two are on [...]
