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Employee vs. Independent Contractor

As a small business owner, you may hire people as independent contractors or as employees as your business grows.  In this economy, businesses large and small are making use of contractors in lieu of full-time (or even part-time) employees.  Aside from financial savings, contracting work also makes sense when specific skills are required for a [...]

Internal Controls and Your Growing Business

When your business was in its infancy, you, as owner, had your hand in each and every business process.  You made the product.  You sold the product.  You collected cash for the product, and you accounted for the cash and the product.  You had to be a “jack of all trades” to get your endeavor [...]

Establishing an Accounting System

One of the most daunting tasks you can face when setting up a new business involves the process of establishing an accounting system.  As complex as it may seem, when it comes down to it, an accounting system is just a way to track money coming into and out of your business.  Choosing your accounting [...]

Stop Playing Business Owner and Accountant!

Are you starting to feel bogged down by the busywork of tracking bills and payments?  Have you found yourself feeling unfocused or even worse, being a less-than-ideal provider for your clients?  Then there’s a good chance it’s time to hire someone else to take on the task of your business accounting!   As a small business [...]

Recession Proof Your Business

Following a turbulent month of trading in September and whispers of a double-dip recession, it’s understandable if the economy has been keeping you up at night. But, talk of a recession should be a signal for small business owners to act, not retract.  This is the perfect time for a small business to ramp up [...]

City of Los Angeles Business Licenses

Are you ready to start or expand your business in the city of Los Angeles?  Just like the county and state, the city of LA has its own rules, regulations, forms, and yes, taxes for a business.  The Los Angeles Office of Finance administers the city’s tax laws, issues tax registration certificates and permits, and [...]

How Are You Accounting for Your Business?

Running your own business is not a simple task, and perhaps one of the most stressful parts is dealing with and accurately accounting for money coming in and money going out.  Whether you sell custom-made jewelry, pet food ingredients, or consulting services, your business will require some form of accounting.  The term accounting alone can [...]

Can Your Business Benefit from the 2010 Tax Relief Act?

As part of the 2010 Tax Relief Act, businesses can benefit from 100 percent bonus depreciation for qualified property placed in service after September 8, 2010 and before January 1, 2012. This provision of the Tax Relief Act is particularly beneficial for businesses of all sizes because it is not capped at a certain dollar [...]

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