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Keeping Records

Awesome Paperless File Systems

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We have heard about paperless file systems since scanners were created. The truth is that being completely paperless is a fantasy. People still like to hold paper, read from paper, file paper, and store paper, even though it’s inefficient and outdated. The cost of saving, filing, retrieving and storing paper makes going paperless a necessity.…

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Books and Records-what they are, who needs them and why

Books and Records Keeping

“I owed the government $3,400 in taxes. So I sent them two hammers and a toilet seat.” — Michael McShane Keeping “Books and Records” are a requirement for every business owner. If you ever received a letter that starts with “putting all business and other reasons aside we command you to produce your books and…

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Payroll and Independent Contractors

Payroll and Independent Contractors

Compliance Processing Taxes Insurance  Payroll is like a giant octopus wrapping its long tentacles around your business and personal life. Those income, social security, and unemployment taxes are being used to churn the economy. The need for the government to collect supersedes any political jargon you hear about them “helping” small businesses. The truth is…

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Business Financing-Financial Reports and Tax returns

Financial Reports and Tax returns

Needs vs Wants Long-Term vs Short-Term Business Credit Traditional Financing Creative Financing Needs vs Wants This goes for all of our expenses-not just the big ones because we, as entrepreneurs have a propensity to throw money at “opportunities” usually getting us into trouble and/or providing us with a new expensive lesson. I believe to tread…

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