Whether you own a business or run a household, budget planning is integral to fiscal well-being. But, why is a budget so important? Targets your Priorities A budget isn’t a secret; it can offer a way of targeting, and then setting, priorities for your business. Typically, these priorities are related to cash-flow, and how you will spend the resources that you currently have. It also demonstrates to all the members of your team what to focus on; for example, if…
When it comes to running your business, you may take the approach that handling as much as possible in-house is the way to save cash and “be lean.” But, many business owners find that it can be incredibly challenging to take on all of those additional duties, which might range from IT functions to filing taxes to payroll. When it comes to handling your company’s full range of accounting services, you might be able to handle these internally for a…
With the rapid onslaught of the coronavirus already disrupting business operations in the U.S., there are three ways you can face the future: panic, do nothing, or plan. As we work with business owners through these tough times, we know the best way to do this is to plan, making the situation under your control as much as possible. By now you have probably read all the communication from your local, state and federal governments on how to prepare for…
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