It Pays Off: 7 Reasons Business Owners Should Pay Themselves a Salary

It Pays Off: 7 Reasons Business Owners Should Pay Themselves a Salary

Think back to the days before you started your business, when you were working for a boss. Chances are you were rewarded for your hard work with a regular salary. It may not have always been the same amount, but it came through like clockwork. And for the next week,...
Getting Ready for Payroll in QuickBooks Online

Getting Ready for Payroll in QuickBooks Online

Payroll is probably the most complex element of small business accounting. Not only are you directly responsible to your employees, but you also have to make sure you’re handling everything related to benefits and payroll taxes correctly. Whether you’re switching from...
Is Your Business Compensation Plan Setup Correctly?

Is Your Business Compensation Plan Setup Correctly?

A gross margin analysis is one of the most reliable and effective ways to determine just how profitable your business really is, regardless of what industry you are in. However, before you can calculate this, you must know exactly what you are paying for labor. Unlike...
Planning Your Gross Margin for Your Construction Business

Planning Your Gross Margin for Your Construction Business

In the construction industry, a gross margin analysis is a reliable and efficient way to determine what your fees should be, while also making certain you maintain a consistent profit level. As a result, gross margin should be calculated for each construction project...
How does Financial Planning help with your Strategy for Your Company?

How does Financial Planning help with your Strategy for Your Company?

How does Financial Planning help with your Strategy for Your Company? When it comes to accomplishing the goals, one of the most integral parts is financial planning.  It is planning that determines the future of a company – the better planning is, the more are the...
Exempt vs. Non-Exempt Employee Classification

Exempt vs. Non-Exempt Employee Classification

Exempt vs. Non-Exempt Employee Classification Most business owners find it difficult to distinguish between the exempt and non-exempt employees, and it also causes a great deal of confusion between employers and employees. Whether you are entitled to the overtime...