As a small business owner (SBO), you do it all. But when it comes to your accounting, finances and taxes, it may be a good idea to work with an accounting and/or tax expert—especially if you’re still in the early stages of business development. An expert can save you time by assisting with tracking and […]
You’ve probably heard people say “Cash is King”. But, it’s not. “Cash Flow” is King…and you’ll have to master it to receive your crown. Have you ever wondered why the lion is called “King of the Jungle”? The lion is not the biggest…elephants are.The lion is not the heaviest…hippos are.The lion is not the tallest…giraffes […]
According to the Internal Revenue Service, the average tax refund is around $3,000.00. Many people treat those Tax Refunds like a year-end piggy bank or worst, like winning a small lotto ticket. They buy TVs, go on vacation, and make down payments on cars and one thousand and one other things that they don’t realize […]
The five key performance indicators (KPIs) that most business owners and entrepreneurs understand about business are: Sales (Revenue), Direct Cost, Gross Profit, Operating Cost (overhead), and Net Profit (or Loss). However, what nearly 90% of those business owners and entrepreneurs don’t fully understand is what and how to use “Break-even”. It is a topic that […]
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