Published August 1, 2023 – As a supplement brand owner, you know that the health and vitality of your business depend on various factors, but one stands above the rest: cash flow management. Understanding, monitoring, and optimizing your cash flow can make or break your success in this competitive industry. Introduction Understanding Cash Flow Common […]
Published August 1, 2023 – Have you ever wondered how the government manages to collect taxes throughout the year? Well, estimated taxes are one of the ways they do it. For many taxpayers, their income isn’t subject to regular withholding, like the taxes deducted from a paycheck. Instead, they must make estimated tax payments to […]
Published July 31, 2023 Starting a business can be an exhilarating journey filled with endless possibilities. However, one aspect that often overwhelms entrepreneurs is managing their startup accounting effectively. Proper financial management is crucial for the long-term success and growth of any business. In this article, we will explore ten mind-blowing secrets to streamline your […]
Published July 31, 2023 – The Internal Revenue Service has chosen David Padrino to take on the crucial role of Chief Transformation and Strategy Officer, as part of its efforts under the Inflation Reduction Act funding. Padrino’s Background and Experience Before joining the IRS, David Padrino held the position of Chief Transformation Officer at the […]
“Can’t I just rely on my bank statements for accurate financial information?” This question is common among business owners. If you own a business, you know that financial clarity and complete control over your balance sheet are paramount. Otherwise, how would you know if your business is leaking money? But relying solely on bank statements […]
Published July 28, 2023 Table of Contents Recap In the last post, we provided a comprehensive overview of the processes involved in collecting and reporting sales tax for home-based businesses. We discussed the importance of determining the applicable tax rates, incorporating sales tax into pricing, updating invoicing systems, and providing clear sales receipts. We also […]