Posts Tagged ‘diane kennedy’
Creating Business Projections That Work
The following is an excerpt from the book Smart Business, Stupid Business, written by Diane Kennedy of US TaxAid and Megan Hughes of Smart Business Incorporation. The business term for a budget is a projection. You have a personal budget; your business has projections. They’re not exactly the same, though. Your personal budget is limited. [...]
...Hold Employees Responsible
PROBLEM: Joan (not her real name) was a smart business woman who drove herself hard. She never drove the people around her as hard, though, letting them off deadlines and broken promises without much thought. Her bookkeeper kept promising to get the records to her and he got sick, his son got sick, his computer [...]
...Building A Legacy Part 2
The following is an excerpt from the book Smart Business, Stupid Business, written by Diane Kennedy of US TaxAid and Megan Hughes of Smart Business Incorporation. Strategy #2: Earmark a portion of your profit to support causes that speak to your heart. There will come a time when your business gets through the learning curves, [...]
...Building A Legacy Part 1
The following is an excerpt from the book Smart Business, Stupid Business, written by Diane Kennedy of US TaxAid and Megan Hughes of Smart Business Incorporation. More businesses are starting now then in any other time in history. Why? It’s because people are realizing the need to take control of their own financial future. And, [...]
...Nexus Triggers
The following is an excerpt from the book Smart Business, Stupid Business, written by Diane Kennedy of US TaxAid and Megan Hughes of Smart Business Incorporation. Employees and independent contractor relationships can create nexus. All states take the position that having an employee located in a state will create nexus for your business in that [...]
...Five Business Deductions To Put More Money in Your Business (Part 2)
The following is an excerpt from the book Smart Business, Stupid Business, written by Diane Kennedy of US TaxAid and Megan Hughes of Smart Business Incorporation. Here are five more business deductions you can think about taking to help save your business (and yourself) money this tax season. Deduction #6: Internet Service Provider (ISP). If [...]
...Five Business Deductions To Put More Money in Your Business (Part 1)
The following is an excerpt from the book Smart Business, Stupid Business, written by Diane Kennedy of US TaxAid and Megan Hughes of Smart Business Incorporation. Deduction #1: Cost of Goods. The cost of goods sold is the total of direct costs that are related to your income. For example, if you are in the [...]
...Two More Exit Strategies
The following is an excerpt from the book Smart Business, Stupid Business, written by Diane Kennedy of US TaxAid and Megan Hughes of Smart Business Incorporation. Tuesday we were talking about exit strategies for when you’re either done with your business, or your business is done with you. Here are two more strategies. Exit Strategy [...]
...Two Exit Strategies
The following is an excerpt from the book Smart Business, Stupid Business, written by Diane Kennedy of US TaxAid and Megan Hughes of Smart Business Incorporation. Have you thought about your personal exit strategy for your business? If not, here are two common exit strategies. Exit Strategy #1: Take the money and run: If your [...]
...Using Computer Software to Track Your Income and Expenses (Part 2)
The following blog was written by Cynthia Finkenbinder, one of our CPA Tax Advisors at US TaxAid Services, LLC. Cythia’s passion is early-stage business owners. You can meet her at our website, and you can learn more about QuickBooks and QB training, by going to www.MySmarterBusiness.com Data backup is often overlooked until it is too [...]
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