Personal Finance Tips for the Small Business Owner
The demands of running a small business, though, oftentimes take priority over personal financial planning for the business owner. Don’t let this happen to you.
Jason Vathis, CPA, CFP, brings over 26 years of experience in public accounting and financial planning. As both a Certified Public Accountant and Certified Financial Planner, Jason offers a strategic, well-rounded approach to tax and financial advisory services. He currently serves as CEO of Gift CPAs, having worked his way up through the firm, and is a Leadership Harrisburg graduate. Jason’s expertise and leadership have earned him recognition as a Simply the Best award winner by the Carlisle Sentinel.
The demands of running a small business, though, oftentimes take priority over personal financial planning for the business owner. Don’t let this happen to you.
The end of the calendar year is the perfect time to perform a QuickBooks cleanup along with other record-keeping and accounting-related tasks. To guide you through this process, here is a checklist of year-end to-dos.
As 2022 starts to wind down, now is the ideal time to evaluate your company and set goals to make 2023 a success.
Here is “must-know” information to help entrepreneurs and small business owners understand and manage the process of issuing 1099s.
Read to learn about provisions that may impact your small business and what you may need to consider for 2023 planning.
The year 2022 marks an important milestone for women entrepreneurs in the United States. Fifty years ago in 1972, the U.S. Census Bureau began tracking women entrepreneurship. At that time, an estimated 400,000 U.S. businesses were owned by women. Over the past five decades, the number of businesses owned by women in the country has …
Taxes can take quite a bite out of a business’s earnings. How can you reduce taxes on your small business? Tax deductions. Businesses pay taxes on their net income (defined as gross revenue minus expenses). A tax deduction is a subtraction from your business’s taxable income. Business expenses are generally tax deductible, as long as …
Small business owners find themselves wearing many hats, being a payroll administrator among them. Managing payroll can be one of the most arduous administrative tasks for a company, especially if you aren’t an accounting or human resources expert. Read on to learn the ins and outs of payroll administration, and how turning to an outside …
For small business owners, the intricacies of cash flow and budgeting can seem downright confusing. But hope is not lost! Read on to get up to speed on the basics and benefit from best practices on these two financial fundamentals of business. Cash Flow Cash flow refers to the movement of money in and out …
Starting and running a small business has many benefits. When successful, small business ownership provides independence, creative freedom and a high degree of personal satisfaction. However, small business owners also must steer clear of a variety of pitfalls. Here are two common mistakes small business owners make and how to avoid them. Mistake #1: Not …
