by profitsource | Aug 10, 2016 | Uncategorized |
What qualifies as a deductible business meal? Meals include food + beverages + taxes + related tips. Business meals fall into one of two categories: Meals related to business travel In order for travel meals to be deductible, the travel is typically at a distance...
by profitsource | Jul 29, 2016 | Uncategorized |
Understanding Your Financial Statements The primary purpose of any business is to add value to its customers and earn money. If you are a business owner, your key job responsibilities are revenue generation and managing cost. These objectives can only be assessed by...
by profitsource | Jul 24, 2016 | Uncategorized |
8 Reasons to Outsource your Bookkeeping The exponential growth of the online community has changed business operations forever. It has brought us closer to people that can help with our day to day operations as well as backend business needs, enabling our businesses...
by profitsource | Jul 21, 2016 | Uncategorized |
Cash vs Accrual Which Method is Better? The difference between the two is timing; the time at which the transaction is recorded. When first starting your business, it’s important for you to understand the basics of the two principal methods of keeping track of a...
by profitsource | Jun 16, 2016 | Uncategorized |
5 Strategies to Improve Financial Health Now that you’ve set up your business plan, set everything in place, and begun business operations, it’s time to start strategizing to ensure the success of your company. Set your goals and objectives and PLAN to exceed them ✔...
