Author: CPS-admin

How to Set Up a Simple Bookkeeping System for Your Small Business

Running a small business is exciting, but keeping track of your finances? That can feel like a chore. The good news is you don’t need to be an accounting expert to set up a simple bookkeeping system that works. With a few basic steps, you can stay organized, save time, and keep your numbers in… Continue reading How to Set Up a Simple Bookkeeping System for Your Small Business

Why Estate Planning Matters for Small Business Owners

If you own a small business, it’s probably one of your biggest assets. Without a plan, things can get messy fast. Imagine passing away without clear instructions—your family might be stuck figuring out what to do with the business while dealing with their grief. Or worse, the government could step in and make decisions you… Continue reading Why Estate Planning Matters for Small Business Owners

How to Use Financial Forecasting to Grow Your Business

Running a business in the U.S. can feel like a juggling act—keeping cash flowing, paying bills, and figuring out how to take the next step. That’s where financial forecasting comes in. It’s a practical tool that helps you peek into the future of your finances, so you can make smart choices to grow your company.… Continue reading How to Use Financial Forecasting to Grow Your Business

Tax Implications of Hiring Independent Contractors vs. Employees

When you’re running a business, one of the big decisions you’ll face is whether to hire independent contractors or employees. Both options have their perks, but they come with different tax rules that can affect your bottom line. Let’s break it down in simple terms so you can figure out what works best for your… Continue reading Tax Implications of Hiring Independent Contractors vs. Employees

Digital Payments for Small Businesses: Pros, Cons, and Best Practices

Running a small business in the U.S. comes with its fair share of challenges, and handling payments is a big one. Gone are the days when cash and checks were the only options. Now, digital payments are everywhere—think credit cards, mobile apps, and online transfers. If you’re a small business owner wondering whether to jump… Continue reading Digital Payments for Small Businesses: Pros, Cons, and Best Practices

How to Choose the Right Accountant for Your Small Business

Running a small business is a big job, and keeping your finances in order is a key part of making it work. But let’s be honest—most of us aren’t numbers people. That’s where an accountant comes in. Finding the right one can save you time, money, and a lot of stress. So, how do you… Continue reading How to Choose the Right Accountant for Your Small Business

Financial Metrics Every Small Business Owner Should Track

Hey there, small business owners! Running a company is no small feat, and keeping an eye on your finances is a big part of staying on track. You don’t need to be an accounting whiz to get a handle on things—just focus on a few key numbers that tell you how your business is doing.… Continue reading Financial Metrics Every Small Business Owner Should Track

How to Create a Financial Contingency Plan for Your Business

Running a business comes with its fair share of ups and downs. While you can’t predict every curveball life throws your way, you can prepare for the unexpected with a solid financial contingency plan. Think of it as a safety net for your company’s finances—a way to keep things steady when the going gets tough.… Continue reading How to Create a Financial Contingency Plan for Your Business

Accounts Payable Best Practices: How to Improve Cash Flow Management

Running a business means keeping a close eye on money coming in and going out. One area that can make a big difference in how much cash you have on hand is accounts payable (AP). It’s all about managing what you owe to suppliers and vendors. When done right, good AP habits can help your… Continue reading Accounts Payable Best Practices: How to Improve Cash Flow Management

Budgeting for Small Businesses: How to Create a Financial Roadmap

Running a small business is a big adventure, but keeping your finances in check doesn’t have to feel overwhelming. A solid budget is like a roadmap—it helps you know where you’re going and keeps you from veering off course. If you’re a small business owner in the U.S., setting up a practical budget can make… Continue reading Budgeting for Small Businesses: How to Create a Financial Roadmap