All Posts in "Financial"

Budgeting For Small Business Owners

The best small business owners know that it’s important to create a budget. A budget is a plan of action that helps you manage your business, track your expenses and profits, and stay on track with your goals. For many small businesses, creating a budget can be overwhelming. However, with the right tools and resources at hand, you can easily develop your own small business budget in just a few hours per month—while still maintaining control over your finances!

What is a budget?

A budget is a plan for your business that helps you to set goals and make decisions. It can be used to see how well you are doing, manage your business finances, and plan for the future.

A budget helps small businesses owners by:

  • Giving them an idea of how much they need to spend on running their company each month/year so they don’t go over their
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Harvey Olsen by — April 5, 2023 in Company Business
How To Manage Expenses And Save Money As A Freelancer

As a freelancer, you have the freedom to set your own schedule and work from anywhere. But with that comes the responsibility of managing expenses and saving money as a freelancer. Luckily, there are some simple steps you can take to ensure that your business doesn’t break the bank each month.

Keep track of everything

The best way to keep track of your expenses is to use a spreadsheet. A cloud-based app is also an option, but it’s important that you choose the right one for your needs. If you prefer old-school methods and want a more tactile experience, there are plenty of great notebooks out there that can help you stay organized–just make sure they have plenty of pages!

Whatever method works best for you, it’s important not only that you have some kind of system in place but also that it works well with how often and how … More >>>

Harvey Olsen by — March 26, 2023 in Company Business
Watch Out For These Expenses

These days, businesses face a number of expenses that they might not have expected to pay. From accounting support to travel and entertainment costs, these extra expenses can sometimes sneak up on you. Here’s how to make sure that your business isn’t caught off guard when it comes time for your taxes:

Tax prep fees

Tax prep fees are a business expense and can be deducted from your business income. You may even be able to get a tax refund, which you can use to pay off debt or invest in your business.

If you need help figuring out how much money you should be paying in taxes each year, consider hiring an accountant or financial planner who specializes in taxes. These professionals can help ensure that you’re getting all of the deductions and credits available for small businesses like yours so that when tax season rolls around next year–and … More >>>

Harvey Olsen by — March 19, 2023 in Company Business
How To Cut Out Business Expenses And Spend Less

You’re a business owner and you can’t afford to waste money on unnecessary expenses. You know it’s important to keep track of your business expenses, but you want to spend less rather than more money on your business. You’ve probably heard the term “cash only budget” before. And you might have even tried using this method of tracking spending before without much success. But we’ll show you exactly how to create an effective cash only budget that will help reduce spending in your small business or startup company so that you can save money for other things like hiring new employees or paying off debt.

Use a cash only budget

Cash only budgeting is a great way to keep track of your business expenses, and it can also help you see where you might be overspending. If you use cash only budgeting, then when it’s time to pay bills and … More >>>

Harvey Olsen by — March 14, 2023 in Company Business