Tag Archives: profit

The P&L Basics

A business cannot get where it wants to go without a basic accounting statement: the Profit & Loss. Utilizing a P&L helps create a map. To many of us, nothing sounds more wicked, horrible and challenging than willingly embracing a …

Hire a Bookkeeper?!

“Bookkeeper?” you may ask. “You mean I have to spend money to hire an additional employee?” Yes, no matter how small the company, hiring a bookkeeper to come in at least part-time is a must. Why is this so important? …

Wrap Your Arms Around Your Expenses.

Most entrepreneurs will agree that they are not a financial wizard and that is okay! However, it is important to be able to wrap your arms around your numbers and understand where your money is going. I created a system …

Three Reasons To Track Your Time!

During the day do you feel that you’re focused on the most important money making tasks you could possibly be handling? Are you able to direct your attention in concentrated chunks of time to what you set out to accomplish …

The COBRA Subsidy Continues

Blog content provided by Barbara Weltman, Publisher of Big Ideas for Small Business ® Under the American Recovery and Reinvestment Act of 2009, the federal government pays 65% of the premiums for employees terminated on or after September 1, 2008, …

Quick Refunds from NOL Carrybacks?

Blog content provided by Barbara Weltman, Publisher of Big Ideas for Small Business ® When the year is over and it turns out that your company has lost money in 2009, you may be able to use the loss to …

Why Washington Doesn’t Get Small Business

Blog content provided by Barbara Weltman, Publisher of Big Ideas for Small Business ® Many small business owners nationwide have been astounded by the proposals and laws that have come out of Washington in the past 11 months. Despite rhetoric …

Do We Need a Federal Estate Tax?

Blog content provided by Barbara Weltman, Publisher of Big Ideas for Small Business ® On January 1, 2010, the federal estate tax is set to disappear, but come the following New Year, the estate tax rules that had been in …

Thanksgiving 2009—Count Your Business Blessings

Blog content provided by Barbara Weltman, Publisher of Big Ideas for Small Business ® Holidays give us pause to stop and reflect, and this Thanksgiving may be particularly poignant for many small business owners. As a sector, small businesses have …