by Nolan Accounting | Jul 17, 2019 | Small Business Accounting
As a new small business owner, making the right choices from the start means minimizing your tax burden, taking advantage of tax breaks for business owners, and avoiding potential fines and other consequences later. We discuss three of the most important start-up tax...
by Nolan Accounting | Jul 5, 2019 | Small Business Accounting
It’s essential for all business owners to know at least 12 basic accounting terms. This ensures you can speak with authority to anyone who asks financial questions about your business. Here are the accounting terms we recommend: Assets Assets include...
by Nolan Accounting | Jun 15, 2019 | Small Business Accounting
Failing to create a budget or stick to it has been the downfall of many small businesses. If you’re avoiding the task, it’s important not to make the process more challenging than necessary. Creating a business budget simply means that you’re...
by Nolan Accounting | May 31, 2019 | Small Business Accounting
While producing goods and services and optimizing the customer experience should be top priorities, there’s something else that needs your attention. The number one reason that small businesses fail is financial in nature, so your company should pay close...
by Nolan Accounting | May 14, 2019 | Small Business Accounting
Companies produce several statements that help to determine financial health. Two of these are the balance sheet and the income sheet, which are frequently confused with one another. However, they each service a unique purpose. Learning the difference between balance...
by Nolan Accounting | Apr 30, 2019 | Small Business Accounting
Running a small business can be tough, and the five-year survival rate for small firms isn’t encouraging. According to the Small Business Administration, the number one reason that these businesses fail is due to cash flow problems. Even though there have been...