Small Business Tips for Difficult Times
If you’re a small business owner, you’ve likely poured thousands of hours and dollars into making your company come to life. So what happens when your business runs into tough times, or unforeseen circumstances? Unfortunately, many business owners are encountering these difficulties right now, as a pandemic has put the world into lockdown. Particularly businesses like retail shops, theatres, re...
Tax Filing Extensions: What You Need to Know
For most U.S. taxpayers, April 15th is known as “tax day,” the deadline for filing income and business taxes. However, many people are eligible for an extension on this date, giving them until October 15th to file (this is for filing the return, not paying taxes, which are still due in July). This year is a unique exception, with all filers automatically being given the extension date, due to t...
Quarterly Tax Filings for Small Business
Many people are used to thinking of April 15th as “tax day” here in the U.S., but the truth is that many individuals and small business owners file taxes throughout the year! Freelancers, contractors, and other self-employed individuals typically pay quarterly tax filings on estimated income. So that means you may have not one, but four tax days every year. However daunting this may seem, when ...
Budgeting Tips for Seasonal Businesses
If you run a company that sees dramatic swings in revenue throughout the year, you have unique financial challenges that other, steadier businesses may not have. If your business brings in the majority of income during the summer, like many contractors, landscapers, and outdoor-related businesses, you’ll have to work a little harder to budget appropriately. Thankfully, there are great C...
5 Ways a Business Consultant Can Boost Your Revenue
Owning your own business isn’t for the faint of heart. Long hours, financial stress, and personal sacrifice is simply a part of the game for most people. Many entrepreneurs take on everything themselves, playing multiple roles, and pushing to the brink of burnout. While it can sound like a risk, or something that you don’t need to do, hiring outside help can be a tremendous asset to your compan...
Top Tax Deductions for Small Businesses
When you’re running your own business, whether it’s a restaurant or a retail store, you want to make the most out of every penny that you spend. To give yourself the best chance at long-term success, tax time is a major opportunity to take advantage of. There may be dozens of tax write offs, subsidies, or deductions that you qualify for, that can save you a lot of money, and help keep you afloa...
5 Reasons Why You Should Outsource Your Payroll
Out of the thousands of small businesses here in Colorado, a large percentage of them outsource their accounting and payroll management. If you are a brand-new business, or you haven’t yet considered hiring outside payroll help, this year may be the time to do it. Seasoned entrepreneurs know that delegating and outsourcing tasks is key to growing a successful business. There are m...
New Year Check-In for Small Businesses
In the first few weeks of any new year, many small business owners take time to rest and refocus after the holiday rush. This is a great time to invest in getting organized and catching up on things, as well as setting goals for the coming year. For a business to be successful, it’s important to have periodic check-ins, so you can be as prepared as possible. If you want to make this com...
