News wires recently reported that famous romance novelist Danielle Steele was a victim of embezzlement by her own staff . Here are some things you need to do to protect your business and ensure that your accountant is not dipping his/her fingers into your bank account.
Financial Management
Coping with the Rise and Fall of Self Employment Income
As a freelancer or a self-employed business owner, one of the realities you will face is the fluctuation of income. Unlike employees with a fixed salary, it is hard to predict exactly how much you will earn from month to month. There are times when income is good and the money keeps pouring in, and times when income slows down to a trickle.
How Much Do You Make from Your Business?
You start a business with the hope of primarily making a living from the business. Whether you want to earn just enough money to cover your living expenses or money that will allow you to live a jet setting lifestyle, the business needs to earn money for you. But are you making money from your business?
Analyze the Financial Numbers of Your Business
The only way you can really know how well your business is doing is by knowing the bottom-line. This assumes, however, that you are able to do regular bookkeeping, generate financial statements based on your bookkeeping journals, and analyze those statements to really understand the financial condition of the business. Do you know your margin […]
Know How to Manage Business Finances Well
An entrepreneur needs to know how to handle money and wealth in order to be successful. However, many women entrepreneurs are good in business, but not in handling money. In fact, there are some women small and home-based business entrepreneurs who are downright lousy at managing personal wealth and business finances. Belinda Fuchs, President of […]
Insurance for Small and Home-Based Businesses
Starting a business is very risky. In addition to the possibility of failure, there are a lot of things that can go wrong and small business owners need to protect themselves and reduce these risks. Examples include: Loss of property (building, office furnishings, computers, inventory, etc.) due to fire or theft Lawsuits arising from defective […]
10 Things Small Businesses Can Do During a Financial Crisis
If you have invested in stocks, chances are like me, you’d be having a heart attack when looking at your portfolio. My cure is simple: just don’t look at it right now. When things go down, it always go up — maybe not next month, but next year or so. Hopefully. Congress has just rejected […]
How to Hire an Accountant for Your Business
The tax folks at J.K. Lasser sent us a press release today that provides tips on what a small business needs to look for when hiring an accountant. It is not easy to find an accountant that you can trust, much less really look out for your interests. According to J.K Lasser, the following are […]
Purchasing Health Insurance
The report can help small business owners and self-employed individuals research potential savings on their health insurance premiums and to consider health insurance plan premiums as an important financial data point when making relocation decisions.