Understanding your financial statements is essential for making informed decisions and steering your business toward success. But which numbers should you focus on? Here are some key metrics to keep an eye on: 1. Gross Profit Margin Your gross profit margin shows the...
A tidy set of books isn’t just about being organized—it’s about creating a strong foundation for business success. Proper bookkeeping allows you to make informed decisions, save time, and increase profitability. Here are a few tips to help you tidy up your books and...
Your money team consists of key professionals who ensure that every aspect of your business’s financial health is covered. This team provides valuable insights, helps you avoid costly mistakes, and ensures that you’re making informed decisions. Let’s break down the...
In today’s fast-paced business environment, maintaining a close and efficient relationship with your accountant is crucial. One of the most effective ways to achieve this is by providing them with “View-Only” access to your bank accounts. This not only...
Are you thinking of getting married or divorced? If so, consider December 31, 2023, in your tax planning. Here’s another planning question: Do you give money to family or friends (other than your children, who are subject to the kiddie tax)? If so, you need to...
The clock continues to tick. Your retirement is one year closer. You have time before December 31 to take steps that will help you fund the retirement you desire. Here are five things to consider. Establish Your 2023 Retirement Plan First, a question: do you have your...
