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Accounting and Financial Management

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The number one reason for business, and personal, failure is the “lack of knowledge” about MONEY!
As a successful business owner, running a multi-million dollar retail product placement company, I know first hand how being bad with money can be, and how being cash starved is always fatal.
I hate to admit that I did have money [...]

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I’ve been appearing here and there on The Big Idea with Donny recently. Thought you might get a kick out of how the show comes together and the role of so-called experts (yours truly included) who are invited on the show.
Below are the emailed questions I received from the producers in advance of my most [...]

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For those of you who run a business or are trying to get one off the ground, I bet you’ve had a run-in or two with a crisis of some kind.
It may have taken the shape of a loss of data, or a short-fall in needed cash. Perhaps it was a lawsuit or a personal [...]

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As if we didn’t know it, the New York Times wrote today,
“Banks struggling to recover from multibillion-dollar losses on real estate are curtailing loans to American businesses, depriving even healthy companies of money for expansion and hiring.”
Yep, tough times. We all are well aware of the fact that everyone’s getting more conservative including customers, vendors [...]

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“Sufferin’ succotash! What is the deal with that thing called an S-Corp and how do I get me one?”
Yes, in my last blog I told you about the many benefits of an LLC and why most small businesses would benefit from them. But now comes an interesting comparison. The LLC v. the [...]

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More from Suzy Batiz, StartupNation community success story. She made over $1 million in first year revenue for her Poo-Pourri product line.  Read what Suzy shares below in Part 4 of her advice to fellow entrepreneurs who want to break a new product onto the market. In Suzy’s words:
How can you grow without an influx [...]

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There as a lot of hoopla about how the Federal stimulus package would encourage spending by consumers, but it’s also designed to positively impact small businesses as well.
www.sba.gov/stimulus is a new site set up to help you understand just how.
Included at the site are:

A fact sheet that provides a clear explanation of the small business tax benefits.
A deprecation calculator [...]

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Headline: "Autodesk Inc. reported its revenue for the fourth quarter on Tuesday, and also said it will restate financial results for past years.
The San Rafael company (NASDAQ: ADSK) hasn’t reported its profit or loss in recent quarters because it is looking into its stock option grants to employees. On Tuesday, the company said it will [...]

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An accountant can really help you figure out what tax deductions you qualify for, and mine has suggested a myriad of things I didn’t know were deductible. I suggest if you don’t have an accountant, you consider hiring one. The Sloan Brothers offer this advice on how to choose the right accounting service.
With that [...]