In my 25 years of small business experience, I can definitively say that all small business headaches can be boiled down to fit into one of two categories: growth and employees. In this newsletter my primary focus is going to be on addressing topics across these two categories and sharing with you my experience in…
The following is a guest post from Quiet Light. There is a great deal that goes into determining the value of an online business. Especially for entrepreneurs that aren’t financially minded, the calculations can seem overwhelmingly complex. It’s easy to lose track of certain variables. Add-backs rank among the most commonly overlooked or misunderstood elements…
This is a guest post with helpful information for our readers and clients. If you are interested in being a guest poster with beneficial content to share, please get in touch! With the help of FLEX. Logistics – an e-commerce 3PL with warehouses in Poland and Germany (and more locations coming) which specialize in processing…
It’s almost 1099 time of year again! But what does that mean and who should pay attention? Read on to find out! First, if you don’t remember from the last couple years, the IRS came up with a new form- the 1099-NEC. For the last hundred years it was the 1099 MISC but then they…
Learn from the rental car company’s mistakes. If you find your business making these same mistakes get working on change or prepare to have your lunch eaten! I don’t know if you’ve tried to rent a car lately, but it really sucks. The inventory is low, the prices are high and the lines are long….
OK, so this idea may sound crazy. You’re grinding away with a list as long as your arm, trying to cover all the parts in setting up a new business, and you’re being told to prepare it for sale?! Yes, this may be the last thing you would expect to hear right now in your…
With lots of money pouring into the Amazon FBA market, more and more sellers are thinking about selling their business. If you’re also eyeing your big payday, follow these steps for a hassle-free exit and to guarantee that your business fetches the highest possible selling price. 1. Get Your Trademark Registration, IP Rights, &…
That headline is a mouthful- I wasn’t really sure how to shorten it down! Essentially, it’s something that comes from the state of California from the Franchise Tax Board and it says you might owe them taxes even if your business is outside of CA! It looks like this: We had a client get it…
While finishing my morning cup of coffee today I came across this article trying to make the case that Amazon is now facing serious competition and is in trouble in the ecommerce world. Since we are pretty heavily involved with Amazon seller bookkeeping and the ecommerce world in general, obviously this got my attention….
Being a small business owner comes with a lot of challenges, especially if you are new to being in business. One of those challenges is learning the terms that go with running a business which includes learning about accounting and bookkeeping. In this article we’re going to cover the concept of net income, which…