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What is Due Diligence? A Full Explanation

Have you ever purchased something—whether that be a car, a TV, or a computer—only for it to turn out to be a total dud? That regrettable outcome could have very well been avoided had you practiced what is known as “due diligence.” In a general sense, due diligence refers to the process of exercising great…

Why Every Brick & Mortar Store Should Have an Online Shop

FOMO. If you haven’t seen the acronym before, it stands for “fear of missing out.” And when it comes to e-commerce, every brick and mortar store should have FOMO.  That’s because, as the latest statistics show, e-commerce accounts for approximately 18% of all retail sales worldwide. In other words, if you operate a brick and…

Amazon Aggregators: Everything You Need to Know

Right now in the e-commerce sphere, there’s something akin to a modern gold rush happening, and it’s being fueled by Amazon aggregators.  “This is the largest movement you will see in the next two years,” said Steven Pope, founder of My Amazon Guy. “I’m very bullish. I believe we’re going to see massive amounts of…

Common Tax Deductions for Small Business Owners

They say that knowledge is power, but in the world of taxes, it’s more like knowledge is money!  Take it from us. As professional accountants, we’ve seen small business owners lose out on thousands of dollars in tax breaks because they didn’t know they could deduct certain expenses. We don’t want to see that happen…

Bookkeeping Checklist for Small Businesses

As a small business owner, you have a lot on your plate. Not only are you the CEO, you’re also the head of marketing, finance, sales, customer service, and human resources. With so many responsibilities to juggle, it’s easy to let bookkeeping fall to the wayside.  And that’s understandable—to an extent. After all, there are…

10 Best States for Starting a Small Business in 2021

This is the year. This is the year you’ll stop talking about starting a business and actually launch one. And to that we say, congratulations! You’ve made the first step towards turning your dream into a reality.   If you’re like most first-time entrepreneurs, you’re probably terrified right now. Terrified of failure. Terrified of losing all…