Financial Fortunes
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Understanding finances and how to keep track of your finances can make or break your business. Keeping track of your finances is especially important for small cash based businesses. It is very easy to forget or lose track of what you make, the taxes you need to pay on your sales, and what was sold [...]
Preparing for Tax Season
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After being laid off during these difficult times, many Americans have started their own small businesses. Now that the year is over half over, these small businesses need to start thinking about their upcoming tax returns. Today we will be focusing on proper documentation of expenses. Most expenses that businesses deduct from their income need [...]
My Money Journal
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I started keeping a journal about money so I can track down where I am spending the money. I always carry my money journal wherever I go. Every time I spend for something, I write it down on the journal and it makes my monthly budget planning easier. Some may find it tedious or time [...]
A Couple of Things to Consider Next Time Your Unemployed
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Pay up expenses for a few months if possible. What I mean by this is that take a certain amount of money up for each of your major expenses such as lights, phone, and housing and pay those expenses up for a period of time. I have been in a situation where I was being [...]
5 Tips to Help Cut Back Expenses
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Most everyone at one point in their life is going to go through a period where finances are short for a long period of time. Sometimes it’s due to the loss of a job, sometimes it’s due to a major hospital stay, or a new child, or maybe you’re just starting out on your own. [...]