By Matt Meuli
One of the biggest advantages of running a family business is being able to employ your minor children. By hiring your kids, you have the opportunity to teach them the value of hard work, give them experience managing money, and allow them to save for their future.In turn, you get workers who have a built-in […]
By Matt Meuli
Limited Liability Companies (LLCs) are a popular business entity with many entrepreneurs. Like corporations, LLCs offer valuable personal liability protection for their owners. Unlike corporations, however, LLCs aren’t required to adhere to the same burdensome record-keeping requirements and other corporate formalities corporations must follow. That said, while the administrative requirements for an LLC are far […]
By Matt Meuli
As we approach the end of 2019, you should be working with your bookkeeper and tax advisor to project your company’s year-end tax liability and implement strategies for saving as much money as possible. Most tax-saving strategies need to be in place before the end of the year, so make sure you get this process […]
By Matt Meuli
It can be easy to overlook the vital role your bookkeeper plays in your business. In the not-so distant past, bookkeepers were often viewed as little more than glorified administrative assistants, whose primary job was to ensure a company’s income and expenses were recorded accurately.To save money, some business owners (maybe even you) might even […]
By Matt Meuli
Money is the lifeblood of your business, and arguably no member of your team does more to support you with the management of your cash flow than your bookkeeper. In fact, the very first team member you hire should be a bookkeeper—and that person should not be you.If you’re serious about your business, you should […]
By Matt Meuli
Standard operating procedures (SOPs) are detailed instructions describing the procedures for carrying out recurring business tasks. At first, creating SOPs for your company’s processes might not seem very important. After all, if it’s just you and a couple other people doing all the work, creating step-by-step instructions for each key task might seem like a […]