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The Latest Questions Small Businesses Are Asking

Up and Running

Many people who want to start a business believe they will be able to get grants or loans to help them finance the venture. A major cause of business failure is not having enough cash available to cover all startup costs and operate for at least a year. Do I need to hire a Certified Public Accountant (CPA) for my small business?

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Maximizing Profits in the Healthcare Staffing Industry by Susanne Mariga

Mike Michalowicz

By focusing on reducing human touches and automating the sales and recruitment process, Angelichio and the Judge Group are able to minimize the cost associated with hiring additional internal staff while meeting their market demand in record time! So what does a blooming staffing company need to do in order to implement automation?

CPA 76
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Founder Interview: Richard Lavina Innovating Accounting Services with Taxfyle

The Startup Magazine

Richard Lavina, CPA, Co-Founder and CEO of Taxfyle. Richard: I went to school for accounting and followed a path after graduation that those of us in that major typically follow: I started working for a CPA firm in Miami. TSM: What inspired you to start Taxfyle? I figured if I was having that issue, other people might be, too.

CPA 136
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5 Tips For Startups To Avoid A Financial Disaster

YoungUpstarts

And of the total amount of failed startups, a majority reported finances as the major culprit of their collapse. Having emergency cash can cushion the blow and act as a safety net while also giving you peace of mind and a sense of security that you have money to pay rent, food, and other personal expenses. Limit Your Spending.

Startup 140
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10 Things the Bank Will Ask When You Need a Business Loan

Up and Running

I was really disappointed when I needed my company’s first commercial bank loan to finance receivables of more than $1 million—from well-known distributors no less—and we ended up having to sign a lien on our family home to get the loan. CPAs get sued over bad audits. Well, the bank is going to want a lot before they give it to you.

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Six Questions To Ask Now (Before Tax Day Creeps Any Closer)

YoungUpstarts

There are four different rules for deducting the cost of buying equipment, office furniture, and machinery, some of which can be used in combination to write off all or most of your costs. These write-offs apply even if you financed the purchases in whole or in part. What will your CPA advise you to do?

CPA 113
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16 Entrepreneurs Explain How They Make Bold Decisions

Hearpreneur

It may come at a significant expense but not having the right advice can often end up costing more. 6- Strong personal finances. The #1 thing that has allowed me to make bold decisions in business is taking care of my personal finances. First, I pushed my cost of living extremely low. Photo Credit: Dr Gavn Chan.