A version of this article was first published on DesignGood’s blog. As the final part of my series on creating business financial alignment (you can read Part 1 here and Part 2 here), let’s dive into the ohhh-so-important topic for businesses: paying yourself as the...
Over the past week, you've probably read at least a little about the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL). However, if you're like many, you might be a little confused--perhaps even feeling frustrated--about how to get...
A lot of times, in life (and business), you don’t know what you don’t know… until you know it. So, in that spirit, I’d like to clarify why many small businesses could benefit by hiring a Virtual CFO. First, you might be wondering what exactly is a Virtual CFO. In...
You may be wondering... how do you even begin to figure out what to pay yourself?! On the surface, this sounds like a fun conversation. But, it can be pretty tricky for you or anyone who owns a business to comfortably decide what to write on their own paycheck. So,...
You're wondering... what's the best bookkeeping software for your small business? And that's a great question! I’ve done a few of these side-by-side comparisons of U.S. accounting software systems for U.S. small businesses, and I decided it was about time for a new...
Tax deductions... write-offs... "Ummm, wait, doesn't my accountant deal with that?" Today I want to talk about why it matters that YOU know what you can write-off for your business. Because, really, it's not enough to rely on your bookkeeper, accountant or spouse "to...
2017 UPDATE: Please note this article and section was written in 2016, and while much of the information is still relevant, my latest review can be found HERE. Last year, I did a side-by-side comparison of the most popular U.S. accounting software systems for U.S....
Okay, so you want to show appreciation and do something nice for your employees and subcontractors during the holidays this year? Kudos! One thing to keep in mind, however, is how employee gifts affect both the giver and receiver in the business setting. For instance,...
A stitch in time saves nine. For those unfamiliar with this expression, it comes from an era when people used a needle and thread to mend their own clothes. The idea was that a little preventive maintenance now can eliminate the need for major repairs later (only one...
You’re probably passionate about whatever product or service your business offers. (After all, that’s likely the reason you went into business for yourself in the first place!) At the same time, you’re probably far less passionate about your business finances and...