A business can be profitable and still run out of cash. A business can have positive cash flow and still not be making a real profit. If those two statements made you pause, you’re not alone. Many business owners confuse cash flow with profitability, but understanding the difference is essential for financial stability and long-term […]
Introduction As the year winds down, it’s natural to reflect on what’s worked in your business and what hasn’t. But let’s go a step further. Instead of just looking back, what if you used this time to create a game plan for your finances in 2025? Enter forecasting: a straightforward but powerful tool to assess […]
Is the cash you have on hand working for you in the most efficient way? Cash flow—it’s one of those essential yet challenging parts of running a business. Whether you’re operating a small startup or managing a large company, ensuring you have enough cash at the right time (and use it wisely) can make or […]
If you run a small business, you’ve probably asked yourself: Do I need a CPA to handle my finances? It’s a common question, and one that I think deserves a little clarity. Let’s start with the basics.
When hiring for your business, you may encounter terms like ‘W-2 employee’ and ‘1099 worker.’ Here’s a brief guide to help you understand the differences and decide which is best for your needs. Whats a W-2 Employee? A W-2 employee is a team member whose employer deducts taxes from their paycheck and submits this information […]
Learning how to save money in your business is something that all entrepreneurs should do, no matter how big or small your business is. (Although, since spending money is FAR more fun, this can be tricky for business owners to actually accomplish.) Entrepreneurship can be challenging within itself, but when you have money in the […]