Did you know that your business can help you achieve your personal financial goals?  As a Small Business Owner seeking to grow your business, you more than likely have personal goals you would like to achieve as well.  Most often these personal goals are directly impacted by the financial success of your business.  This is particularly true if your income comes primarily from what your business pays you.  In this case, it becomes a necessity that you understand your business' finances and gain control over how you use the most important asset in your business - cash!

Below are steps you can take to free up some of your business cash flows, you can then use to help you reach your personal financial objectives. 

Whether you are in the start-up phase of business or the expansion phase, there will come a time when you will consider getting a business loan to help with cash flows or to purchase equipment, if you have not already. This blog will provide you with information that will help you be the most prepared when you do. 

The loan process typically begins with a banker's analysis of financial statements that have been prepared by a CPA, and a personal financial statement.  The personal financial statement is typically used to determine if you will be able to personally cover the loan, should your business fail to repay it.  

What's the truth about retirement planning? There are many myths about retirement, including the belief that social security will be enough to provide income during this time.  However,  social security was only designed to meet your basic needs during retirement. If you are currently earning over $100K in salary, it is estimated that social security will only cover 25% of the retirement income you will need.

This blog will discuss other retirement myths and provide some insight to consider when planning for your retirement.  

Many unwanted tax problems can surface for individuals working as freelancers and/or contractors.  This list was created to bring awareness to the top misguided actions individuals often make in this type of situation.

One common challenge amongst individuals is making the most of every dollar they earn - money management.  Even the most educated persons find themselves struggling with improving their finances.  While there are many reasons for this, one primary cause would be our upbringing (what we were taught about the utilization of money) and habits we have formed over our life span based on what we have witnessed from others we've come into contact with.  This is actually great news because good habits can be re-enforced and bad habits can always be transformed into good ones.

This guide will identify six steps (or new habits) you can take to be on your way to improving your personal finances. Well, let’s get on with it!

Sifting through an overabundance of financial information available can make finding the solutions that best suit your overall financial plan challenging and difficult.  However, making solid decisions about how to accomplish your long term objectives should not be a nerve wrecking process that ultimately makes you insecure about your choices.  This article will give you three key principles you can follow to make sure you navigate these complexities successfully.

Most small business owners understand that they need to keep their financial records in order.  But, they mistakenly start out using the services of a bookkeeper or an accountant in an effort to keep costs low. However, a Certified Public Accountant (CPA) may be more in line with what your business may need.  

Don't let the size or maturity level of your business prevent you from getting the right help that you need.  In fact, we have seen many small businesses suffer for not utilizing a CPA when they should have. 

If you need some convincing, here are four major reasons why you should seriously consider partnering with a CPA who understands small businesses:

Every year small businesses become victims of employee theft. This is particularly true in small business environments where a single employee manages all the finances. Often, there are no “checks and balances” in place to verify the accuracy of certain transactions performed by such employees. It is important to protect your assets of your small business, your biggest asset being your cash. Here are some simple steps you can take to accomplish this task:

 If you are of the many taxpayers who owe taxes year after year and never really understand why, this article will help to uncover some potential reasons why, as well as help you to avoid this problem going forward.

Once an individual makes the decision to start a business,  usually the next decision that has to be made is determing the type of business they will have.  There are many options available,   This is a common question among new start-ups, as well as those already operating their business, and unfortunately there is no “one-size fits all” answer to it. This is why we always seek to gain an in-depth knowledge of your business and personal objectives for starting and operating your business in order to provide the most appropriate answer for your unique situation.