Using Barter in Business

by Lynnea BylundJuly 29, 2011

When you are growing your business, you can’t avoid running short of cash. The demand and expenses increases as your business is developing, so you may need more and more cash to uplift your business status. The barter system for getting goods and services dates back many centuries. In most cultures the barter system was […]

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Small Business Multi-State Compliance Issues

by Lynnea BylundJuly 24, 2011

As a small company owner, sometimes you’re expected to be an expert in state law and compliance. Well then pay attention because this may affect you if your business is starting to reach across state lines or your company was formed and registered out of state. An area of continued mis-understanding surrounds “foreign-qualification” (Doing business in multiple […]

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Can State-Owned Banks Save The Economy?

by Lynnea BylundJuly 5, 2011

… and stick it to Wall Street at the same time! Sounds like the best of both worlds to us! In November 2009 Ellen Brown wrote at AlterNet that bailing out the banking system “…has only fixed the economy for bankers and the wealthy; it has not done much to address either the fundamental problem […]

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What Legal Entity is Best for Your Business?

by Lynnea BylundJune 25, 2011

If you operate a small business and run it as a sole proprietorship, filing your taxes on a 1040 and a Schedule C, you may have at one time or another asked yourself if you should incorporate or otherwise change the business structure. You might want to employ one or more employees and/or manage your company growth, or […]

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Achieving Small Business Social Media Sanity

by Lynnea BylundJune 24, 2011

What do you have to say to your clients and prospects and what do they have to say about your business or company? You certainly do not need social media to reach out to your customers and clients but it doesn’t hurt to spread your name and brand in a way others looking for someone […]

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What To Do When Client Data Is Stolen

by Lynnea BylundJune 15, 2011

Fact: Sony was forced to shut down its popular PlayStation Network for weeks in April and May after a massive hacker attack targeting credit card information and other personal data compromised more than 100 million user accounts. The company was criticized for waiting a week to inform consumers of the hacker data breach, which was […]

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Decentralized Barter Currency Gaining Traction

by Lynnea BylundJune 6, 2011

Source: Catalyst House In 2006 Douglas Rushkoff, when asked The Edge Question, “What is the most dangerous idea?,” replied, “open source currency.” Well now a new P2P digital currency, called Bitcoin, may provide the ideal medium to engage in commerce outside the official economy and  — it’s decentralized, anonymous, and its supply is moderated by a mathematical formula to […]

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QuickBooks for Mac on Little Square

by Lynnea BylundMay 17, 2011

If you’re a QuickBooks ProAdvisor working in the Windows world, you may shiver a bit when one of your clients say, “I just bought QuickBooks for Mac!” … and you don’t know anything about QuickBooks for Mac, right? Well, Shelly King and her QuickBooks for Mac team just launched a new online magazine this year […]

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Reconciliation trouble? Look at your bank statements

by Lynnea BylundMay 17, 2011

See also – QuickBooks Tip: Reconciliation Done Right! So, you’ve done everything we previously posted about in Reconciliation, but still…. Well reconciling isn’t hard, but it doesn’t always go well. So what to do next?  First off, don’t panic. Then, keep reading. There’s loads of advice in this article by Intuit QuickBooks pro Shelly King – Note:  Though some […]

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Why Small Businesses Are Worried about Tax Reform

by Lynnea BylundMay 17, 2011

A growing roster  of associations representing small and closely held businesses are pressing leaders of the tax-writing committees in Congress to not omit them in any upcoming tax reform proposals. One letter, addressed to the chairmen and ranking members of the House Ways and Means Committee and the Senate Finance Committee, said they “… should […]

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Three Biggest Small Business Privacy Risks

by Lynnea BylundMay 4, 2011

You are a busy company owner. Your time is short and your budget is tight.  Here is your ounce of prevention worth a pound of cure when it comes to protecting your company privacy.  Never forget that your data Is vulnerable and valuable! Information is power. Even more so now, in this age of vast databases […]

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Does Your Business Barter? Don’t Forget The Tax man

by Lynnea BylundApril 18, 2011

We recently received an e-mail – one of a series of regular releases the IRS sends to tax lawyers, accountants and certified tax preparers.  This one asked “Do you barter?” The IRS’s view of barter. The IRS begins with a simple explanation. Barter is exchanging one product or service for another, whether informally and one-on-one […]

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QuickBooks Job Costing for Contractors & Others

by Lynnea BylundApril 14, 2011

Job costing, which is the single most important task in an estimating systems process flow, is something that is often neglected by so many start-up, small and mid-sized construction companies. Failing to job cost effectively or failing to execute it altogether, would be similar to a pilot attempting to fly a plane through thick cloud […]

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Small Business Tax-Saving Strategies

by Lynnea BylundApril 13, 2011

The accounting firm Brown Smith Wallace has been counseling its business clients on ways to save money on their taxes by taking advantage of some government incentives. Accounting Today’s Michael Cohn talked with two of the firm’s accountants last week about the tips they give their clients. Cathy Goldsticker, a member of the tax services […]

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Family Business Succession Planning

by Lynnea BylundApril 10, 2011

As the owner of a small family company one day you’ll need to exit the business. You can stay on as long as you can, but eventually, you’ll have to plan your exit.

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Tips for Effective Small Businesses Cash Management

by Lynnea BylundApril 10, 2011

Cash is the lifeblood of any small business. Here are some tips to help your business maintain a sufficient cash flow to meet its financial goals and run efficiently: Tips from Rick Smith CPA – Toughen up your credit policies. Review the payment terms you offer to customers and tighten them up if slow payment is […]

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QuickBooks Tip: Make a Statement

by Lynnea BylundApril 10, 2011

How do you let customers know they owe you money? Probably by sending invoices. And if your customers are conscientious and pay on time, that might be all you need. But it might be helpful to do at least part of your billing by dispatching statements. These forms do have their drawbacks. For example, you […]

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Are Daily Deal Type Coupons Good For Small Businesses?

by Lynnea BylundApril 10, 2011

Its a new era for bargain seekers with a constant stream of strongly discounted coupon offers: 40% off a Princess Cruise ticket, 55% off a facial, or 5 worth of laundry and dry cleaning for.  Entrepreneurs, venture capitalists, and big corporations are gambling that the new discount coupon promotional services represent a tectonic shift in consumer trends, […]

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QuickBooks Tip: Verify and Rebuild Data Commands

by Lynnea BylundApril 9, 2011

Located below the File / Utilities command in the QuickBooks menu tab, you will find the “Verify Data” and “Rebuild Data” commands. The importance of these commands to your overall proficiency with QuickBooks cannot be understated. What is Verify Data command? From Cynthia Huber, CQP | The Marks Group – This is a tool that QuickBooks provides […]

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Small Businesses Hit Unfairly by IRS Tax Gap Measures

by Lynnea BylundApril 7, 2011

Small companies are being affected disproportionately by IRS actions to narrow the tax-revenue gap -the difference between taxes owed and taxes paid – per a recent review by the SBA’s Office of Advocacy. A Quantria Strategies study, underscored flaws in the overall estimation of the tax gap primarily as they relate to large corporations. “The […]

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