Updates from January, 2010 Toggle Comment Threads | Keyboard Shortcuts

  • Renee: CEO Coach & Management Specialist 12:53 am on January 18, 2010 Permalink | Reply
    Tags: , cpa, irs, , , , , tax help, ,   

    Stay Prepared For Business Taxes 

    Throughout the life and management of your business you should have things in order especially when it comes to tax time. This is one of the one of the many times that you don’t want to screw up in business. Sometimes preparing your business for tax time can be a pain but it must get done.

    You should have had things organized already. Like your receipts & other important tax info. All receipts should be original, not copies. The IRS already knows how businesses big & small try to deduct as much as possible. So have your things in order, just in case of an audit. Have proper storage for your receipts & tax info in a safe organized place such a secure organized fire proof file cabinet or storage boxes etc…

    Also recheck things with your bookkeeper, payroll company and/ or get assistance from a CPA, tax specialist or your local IRS office for free. Whatever the condition of your business finances, always pay your taxes.

    If you don’t know then educate yourself on business taxes. Education will really help you out in the long run. Sometimes if the nature of your business is somewhat consistent from year to year, you may be able to manage your business taxes by yourself.

    Look into taking advantage of many tax breaks.Tax laws can be confusing, especially with the constantly changing stipulations for business filings. So it’s always good to educate yourself & get help.

    It’s always great to get a tax advisor or some form of tax help. You can get great info from IRS website–> http://www.irs.gov

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    • Una Padula 10:56 pm on January 29, 2010 Permalink | Reply

      I was surfing around for more information on this topic this morning when I discovered your really helpful article…thanks a million for sharing. I will definitely be checking up on your blog and visiting again to read new articles.By the way since when have you been keeping a blog? 🙂

    • Len Foster 10:36 am on February 2, 2010 Permalink | Reply

      Tax is something I always outsource to people who know what they are doing and can give good advice on reducing my tax bill.

      I am a big fan of outsourcing with any work at all and have a site dedicated to promoting outsourcing http://www.easyoutsourcingforprofits.com

    • Gucci Shoes 8:08 am on June 17, 2010 Permalink | Reply

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  • Renee: CEO Coach & Management Specialist 7:43 pm on January 8, 2010 Permalink | Reply
    Tags: , , , , , , , , small business consultant,   

    Invest In Onshore Outsourcing For Your Business Or Projects 

    Many professionals, entrepreneurs and business owners have yet to realize or reap the benefits of onshore outsourcing. Onshore outsourcing can be accomplished in a cost-effective manner and is a worthwhile investment. Sometimes the term “outsourcing” can evoke negative connotations. But it’s not a negative, it’s a positive. Especially when it’s onshore outsourcing & more localized.

    There are many companies & professionals who reap the benefits of onshore outsourcing everyday with great success by putting it to work for them. They do this by utilizing a Virtual Business Assistant or Virtual Business Manager.

    Onshore outsourcing helps to reduce or eliminate the breakdown in communication as opposed to offshore outsourcing, which is better for business. By utilizing onshore outsourcing through a Virtual Business Assistant, people have found that outsourcing their administrative office support is helping their business or projects a lot. With the great leaps, bounds and improvements in today’s technology & the internet world, so many things can be accomplished virtually than ever before.

    Utilizing a Virtual Business Assistant has helped many businesses address many employee staffing dilemmas. Which means that you work with a Virtual Business Assistant as a partner not an employee. You can utilize this assistance with or without employees or on an as need basis. With a Virtual  Business  Assistant, you have an outlet to offload, outsource & get your business or projects moving in the right direction. This way, you can relax and release the stresses of your daily business management, you can become more organized, get work completed in a more timely manner or obtain benefical consulting advice.

    There are many things that a Virtual Business Assistant can do for you:

    • administrative office support/ business management
    • word processing/ typing: letters, documents, e-books/ books, thesis, dissertation, manuals transcription, minutes, memos, manuals etc….
    • company liaison
    • strategic planning assistant
    • blog posting, article writing
    • business plans
    • social network site maintenance/ setup
    • create systems of organization
    • Data entry/ management
    • client contact
    • desktop publishing
    • keeping your itinerary/ calendar management
    • event planning/ conformations
    • creation of surveys, spreadsheets  AND MUCH MORE!!

    Just imagine… All elements of your project under control. Organized. Signed off and moving forward with a Virtual Business Assistant. Starting now and the years to come, utilizing a Virtual Business Assistant is becoming the way to operate a business in a more efficient manner and a key business strategy. This business strategy helps you to get ahead of your competition, a way for you to stay more effctive in your industry and a great way for you to branch out without you having to incur additional in-house business expenses.

    As business owners or professionals, we all want to do more with less, stay more productive and keep our business in business. So onshore outsourcing is the way to go.

    Many project personnel, professionals and business owners will get more work done, improve on their business or projects by building virtual business partnerships with a Virtual Business Assistant. Developing partherships or alliences with the resources of other businesses is a wise business strategy and will have your competition wondering how in the world you’re able to just do it all with little to no effort. In this approach, a lead organization creates alliances externally, with other groups or companies that possess the best in class competencies to deliver services or to build specific products in the best time frame time possible.

    Remember that  onshore outsourcing to a Virtual Business Assistant is a wise business move and a great business investment.

     
    • Len Foster 10:41 am on February 2, 2010 Permalink | Reply

      Really love this post and I could not agree more with the points it makes. Too many people try to do everything for them selves to ‘save money’ when it would be far more cost effective to outsource it I advocate this on my site http://www.easyoutsourcingforprofits.com

  • Renee: CEO Coach & Management Specialist 6:57 pm on January 5, 2010 Permalink | Reply
    Tags: , , , financial advice, financial plan, , , , , ,   

    Your Business Needs A Financial Budget Plan 

    Some small business people just run their business & may not see a need for a budget, as if everything will just fall into place. For many people, the word “budget” has a negative connotation. The future of your business needs a financial plan & strategy. If you haven’t started one already, the time is now. You should develop a budget & stick to it. Yes, budgets may need to be adjusted as time goes along but it’s a good idea to start out with one & set goals.

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    A financial plan & budget helps you to gage your business and tell the performance of your business at the end of a fiscal year. This helps to tell how well your business has done over the year. If your financial budget is looking bad or starts to look bad, it could be a sign of poor planning and lack of a budget.

    There is a lot to think about when creating a budget and maintaining one. It will most definitely benefit you in the end. You need money to help run your business and you need ample amounts of it. Having a budget and monitoring it on a regular basis can help to keep you from running short. Your finances are a big part of your business and should be taken seriously,  not haphazardly.

    If you are always in the mindset of “i’ll get to it later”, then your already headed for disaster. Just simply having a financial budget isn’t a guarantee of success. You have to follow through with it. Start working on a budget at least one to two months before the arrival of the next fiscal year.

    Having a budget helps to put your money to work for you instead of you being controlled by it or not succeeding in your financial goals. If you need assistance in this area you can invest in financial/ money management software, accountant, bookkeeper, CFO, financial expert etc…. You can also come up with your own strategy for money management.

    You have to set financial goals. Make a list of what you want to achieve with your money & how it’ll benefit your company. You can break them down into short term goals such as, what to accomplish in 3-6 months or less than a year.

    What goals to accomplish in medium-term (1 to 3 years) and long-term (5 years or more). As for personal & business, many experts are now saying that you should have at least 9-12 months worth of money saved. They used to say 3-6 months but when you look at the state of the current economy that has changed.

    Most importantly, I can never say it enough, but educate yourself on all aspects of money management, budgeting for yourself & your business. Always have a plan in place. Read money magazines, articles, talk to financial experts, read about investing etc… Evaluate & review your progress monthly, quarterly, or whenever you choose.

    Try it at least semi-annually, to determine if your strategy is working. If you don’t see any success or satisfactory progress then again, take time out to review your strategy. Make changes where needed or get help from a financial expert, accountant, bookkeeper etc…. You have to get it in gear if you want your business to have longevity.~Clerical Business Solutions

     
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