A 1099 form is a way for third-party contractors to account for their yearly earnings for their own tax purposes. If you own a small business, you know that tax time equals crunch time. Although you have until April 15th to prepare your own taxes, you may be required to prepare certain tax-related documents much earlier. This is especially true if you use any vendors, sub-contractors, or other service providers that are not directly employed by your business. If you do utilize any third-party … [Read more...]
Micromanaging Your Team is Costing You More Than You Think
It's never too late to implement better work habits. A great place to start is by cultivating a culture of collaboration. If you've worked hard to build a great business, and it's ready for that to expand, it can be easy to have the urge to micromanage your team in response to how much more you have invested. However noble it may seem, it could be costing you more in the long term. Here are some signs you may be unknowingly micromanaging, what consequences may come from that, and … [Read more...]
When It’s Time To Outsource Your Accounting/Bookkeeping Duties
Accounting and bookkeeping every business big or small must participate in to ensure that they are staying within their budgets and not overspending and erasing their profit margins. Most small companies keep a very close eye on their expenses and are sure not to overshoot their budgets. For most small businesses, pennies add up and every cent matters. What Are My Accounting Upgrade Options? When it's simply obvious that a bookkeeper is no longer cutting it to manage your company's financial … [Read more...]
TSheets – Payroll System: Why it should be a priority?
TSheets is the solution of choice when it comes to business payroll systems If TSheets - Payroll System isn't a priority for you now, we're hoping that you'll read on to find out why it should be. What is TSheets - Payroll System? TSheets is the solution of choice for businesses of all sizes for managing time, scheduling, and attendance of off-site employees. It's a cloud-based and easy to use solution which offers employees numerous ways to clock in and out and tracks remote worker's … [Read more...]
Creating a Business Budget in 3 Simple Steps
Creating a business budget may seem complicated, but it doesn't have to be! Does the very thought of budgeting make you cringe? If so, you may have been reluctant to dive in and try to create a budget for your business. However, although the budget creation process may take a bit of time, maintaining a budget is actually quite easy – and the rewards are well worth the effort. An up-to-date business budget is like a cheat sheet for tracking your financial situation, and budgeting … [Read more...]
QuickBooks: Why Online Is Better Than Desktop
QuickBooks has both an online and a desktop version, and it might seem that they're equally as good. QuickBooks Online, however, has some serious advantages over QuickBooks Desktop. These benefits can make running the financial side of your business much easier and more accessible. Cloud Storage QuickBooks Desktop stores your records on your computer - and that's it. With Online, you get cloud-based storage which not only ensures that your records are safe, but that you can access them from … [Read more...]
Automate Your Accounts Payable with Concur Invoice by SAP Concur
Concur Invoice is an invoice management software that will save your business both time and money If you find that managing supplier invoices is a labor-intensive process that takes more time than it should, then you'll be pleased to know that there's "a better way." Accounts Payable (AP) can be automated with software that will save you tons of time and increase the accuracy of what is often an error-prone process when the same work is done by humans. Common problems that can be … [Read more...]
Keeping Your Business Finances in Order
Keeping your business finances in order can be tough, but it is certainly doable if you follow these tips! As a business owner, there are so many things to keep track of. Payments, invoices, labor…it can quickly become overwhelming as your business grows. Many business owners can feel overworked and under pressure, as the day-to-day operations become more demanding and they are left without the proper knowledge, or the time, to manage the increasing paperwork.Here are some tips to … [Read more...]
