While being an entrepreneur allows you to forge your own path, it is often fraught with challenges you don’t see coming. If you aren’t prepared to overcome challenges, it can lead to your downfall. But maybe even more risky for the entrepreneur is settling on surviving, instead of trying to thrive. Survival means you [...]
Engaging small business accounting services allows you to keep your bookkeeping up to date without it taking over all your time. You are an entrepreneur after all, you have a lot on your plate. When it comes to an accounting service, you’re not only hiring someone to balance your books but an expert who [...]
Poor bookkeeping can be the difference between success and failure. Something as simple as not tracking your cash flow can lead to terrible financial issues that can put your business at risk. When you understand the basics of bookkeeping, you can increase the odds of your business not only staying above water, but actually [...]
Path to Profitability (P2P) is the business plan that leads you to growth. Today’s entrepreneurs need a different strategy and that strategy is your path to profitability. Today, businesses need to consider the future and learn how to generate profits for the long-term. So how can you achieve this? Here are some ideas to [...]
Creating distinct identities between you and your business is a key reason to keep personal and business expenses separate. Tax rules require that the funds be treated separately. By having separate accounts, it also allows for easy tracking of the business expenses exclusively. This habit also make the books reliable for tax filing purposes [...]
As summer comes to an end, some things that have been put off due to the "summer mood" or because vacation agenda has the focus, have to be reviewed now before deadlines approach or external situations suddenly come up. You probably still feel in the summer mood, but it's important to keep these things [...]
As a business owner, it is difficult to keep your business continually having sustainable growth. It takes real dedication and long hours of work to manage the business, employees and clients that work effectively with you. As your business keeps growing, it's certain there will be periods of plateau. But how do you recognize [...]
Several times in the business growth cycle, a business could need a business valuation - sometimes there is a decision point looming and sometimes the valuation is a requirement. For Planning The valuation can shore up planning for many transitions in the business - When you're thinking about selling your business in [...]
Love it or hate it, taxes are something we get to deal with annually. Although taxes can be a burden on us all, there are some tax myths that might give us a new perspective. Here are 5 common tax myths that aren't quite true: Tax Myth 1: Filing Taxes is Voluntary [...]
Before diving in, ensure you check out Part One of Assumptions You Had About Accountants here! Part two of Assumptions You Had About Accountants [they] are: "They are there under pressure and stress all the time." And "their job is stressful." Okay you hit that whole variety of opinions there. Okay, yeah [...]
San Antonio Office
Houston Office
© Copyright 2024 Feltner CPA
