For accountants, this is the time of year for reflection. We’re passed all of the filing deadlines and we have about 6-8 weeks until we start to hound our clients about W9 Forms and 1099s. I remind each of my clients about 10x per year about W9 forms and I’m hoping for an easy season....
Most small business owners already have a credit card they use for multiple transactions a month but if you don’t it could be costing you hundreds of dollars a year. Even if you already use a credit card you might not be using it to your greatest benefit! In this article I am going to...
In a conversation with a new contact last week, we discussed that in new businesses, trying to set “ideal” percentages is pretty much meaningless. In one industry where that is not the case however is the restaurant industry. If you check my Linked-In and About Me pages, you’ll notice I mention I was both a...
Are you ready to hire your first employee? Maybe you already have a few employees on your payroll but you’re thinking of bringing the operation in house to save money each month. I’m here to tell you that you may be better served to keep it out of your hands. Most small business owners cite...
Starting a small business in Arlington (and for most of Northern VA too) doesn’t have to be complicated, but I haven’t found a definitive guide anywhere of the steps necessary. While most articles available online discuss the general needs of a small business including such popular topics as creating a business plan, choosing a legal...
If you’re in the business of buying and selling domains and websites, as well as operating these websites for a profit then using the correct accounting treatment is important. I have also noticed that the amount of information available on the internet regarding the proper treatment is difficult to come by and, so far, I...