Every entrepreneur dreams of building a successful business. Luckily, we live in the sharing era, where everything necessary to pursue this dream of ours is accessible to us. We have business gurus sharing their experiences and tips on how to survive when circumstances are against us. We have unicorns sharing growth-hacking ideas on how to […]
Accounting can often be an unfamiliar domain for startups. New entrepreneurs usually do not have any idea of what accounting entails and can look lost whenever they have to plan their accounting functions. Some entrepreneurs even prefer to stick to the basics to avoid getting into the complexity of the numbers game. However, just like […]
There’s a lot that can go wrong with a business’s everyday functions—especially with regard to bookkeeping. Most financial discrepancies occur because of the methods used by your company for accounting purposes. Some of these bad bookkeeping methods include: Here are some areas that get affected if your poor bookkeeping practices are not up to the mark: Purchases […]
Tax planning is basically forecasting your business’s tax liability for a forthcoming year using the financial records and then creating circumstances and ways to reduce it. What Are the Different Types of Taxes Small Business Owners Have To Pay? Small business owners have to pay: There is also an excise tax; however, the excise tax […]
The importance of accounting for small businesses can be gauged by the fact that no business can survive without having a clear picture of its long-term and present success. If you don’t carry out bookkeeping right, you’ll never know if your marketing and administrative strategies are bearing any fruits. Moreover, performance indicators such as market share, […]
As a business owner, your top priority should be doing everything you can to stay one step ahead of your competitors. Some of the most effective small business strategies include procuring raw materials from a cheap but high-quality source, providing customers with more value for money, improving your customer service, and of course, improving business […]
