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As an accountant, I occasionally (literally) get shoeboxes of documents from my small business clients. Receipts are stuffed in and scrunched up and comprise everything from gas (good) to toilet paper (bad). As I contemplate the mind numbing exercise where I will have to sift through everything, Read More

Every small business should consider setting up a facebook business page. Except for your time (which, of course, is an opportunity cost), there are no explicit costs to setting up a page, and the rewards can be significant. Keep in mind that, after you have set up your page and have found 25 peo Read More

Many of us have clients who are annoying, cheap, stupid , high maintenance or some combination thereof. As a new business owner, we are often stuck with these clients because we need them. However, we look forward to the day when we will have the thriving business that we so deserve, and fantasiz Read More

For the majority of income earners, employment status is pretty evident. If you are going to the same place every day, have an assigned cubicle with a computer and corporate stapler, and your boss tells you what you need to do, chances are you are an employee. Conversely if you have several clie Read More

When people hear the term accounting, there is an involuntary reaction whereby the comprehension centres (the medical term) of their brains tend to shut down, and sleep mode is activated. This is unfortunate, as accounting, especially to a small business owner, can actually be quite interesting. Read More

Blood, toils, tears and sweat go into building our businesse; however their values are very rarely a direct product of our efforts. A recent bidding war between HP and Dell pushed the stock price of 3Par from $10.00 to $33.00 over a two week period. The company ultimately sold for $2Billion. It Read More

There comes a point in many people's lives when they want to find out what they are worth. This is much more difficult to quantify on a metaphysical level; however on a tangible level most people can figure out how much wealth they have created over time. The definition of net worth is, very simp Read More

Managing cash flow can be challlenging for many startups and small businesses. Cash flow issues arise for many different reasons and can have a significant impact on the health of a business. Below are 20 tips to help improve cash flow in the short term: Read More

When planning to start a new business, one of the first questions you ask yourself (and hopefully your accountant) is at what point are you going to start making money. One simple way to determine this is to calculate the breakeven point, which is the point at which your sales (revenues) equal yo Read More

As cloud computing gains in popularity, the availability of online accounting software continues to grow. Many small business owners want a software that has an intuitive and easy-to-use interface that allows them to bill customers, enter expenses and check their bank balances,. We also want to Read More