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An easy way for small business owners to save money

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...

Restaurants: An industry where percentages matter

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...

Why it doesn’t make sense to do your own payroll

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...

Accounting for web-based businesses

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...