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Payment size. Liability. Maintenance. Cash flow. The decision whether to lease space for your business or buy a building or site is a big decision and should be carefully considered. Either way, you should review liability, your budget and expected cash flow, the short- and long-term goals of your company, and how you plan on …
Continue reading “Commercial space: To buy, or to lease?”
What due diligence steps you should take before acquiring a small business Before you run, you should walk. Not only true for busy toddlers, this adage also applies to small business acquisition. If you’ve been thinking about a possible acquisition, whether to grow your business, start something new, or because an opportunity appeared in front …
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Piles. And piles. And stacks. Of receipts. Keeping good financial records can be overwhelming – especially for those of us who aren’t accountants by trade. But even if you don’t process numbers in your sleep, you can still manage your business’ books well using an accounting software. You’ll get accurate reporting of all the important …
Continue reading “Accounting software: it can help more than you know!”
This could make or break your business: Do you know how to read the three key financial statements? Parentheses, columns of right-aligned numbers, complex formulas, and row upon tiny row of numbers. It’s not easy to read a financial statement unless you live and breathe them every day. And there are several different kinds of …
Continue reading “Do you know how to read the three main types of financial statements?”
The 2017 Tax Cuts and Jobs Act made several changes to the tax code, altering rates and changing rules for deductions. These changes may mean you need to update your withholding amount. Find out how to check your status using a simple online tool.
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Most small businesses know and understand the sales tax portion of the law, but not the use tax. Find out everything you need to know about the PA sales and use tax now.
Your company may be eligible to benefit from the Pennsylvania Department of Community and Economic Development (DCED) Educational Improvement Tax Credit (EITC) program. Find out more about the EITC program details now!
Welcome to the ‘Sam’s Story’ series, where we cover common accounting topics in a real-world scenario. This week we’re talking about fixed asset depreciation! Sam’s Story Recap If you haven’t read any of our previous Sam’s Story articles, catch up on them now! Sam’s Story Part One: Selecting a Business Entity for a New Business …
Continue reading “Sam’s Story Part Five: Fixed Asset Depreciation in Accounting”
Welcome to the ‘Sam’s Story’ series, where we cover common accounting topics in a real-world scenario. This week we’re talking about whether you should lease or buy a car for small business owners. Sam’s Story Recap If you haven’t read any of our previous Sam’s Story articles, catch up on them now! Sam’s Story Part …
Continue reading “Sam’s Story Part Four: Lease or Buy a Car for Your Small Business”