Being a small business owner affords you many luxuries that typical nine-to-fivers don’t ever get to experience — a detailed, tedious, and comprehensive account of your finances in the form of business taxes! All kidding aside, small business tax preparation can be confusing and arduous for a person who wears many hats and is spread […]
Running a small business comes with its own host of concerns as you are subjected to wearing many hats — from handyperson to the accountant — you likely do it all. If you are feeling like you’re spread way too thin and your plate is overly and abundantly full to the point that causes anxiety […]
Fort Collins Business Bookkeeping: How Accounts Receivable Impact Your Bottom Line Welcome back! In our last blog, we discussed accounts payable and how liabilities, bad relationships with your suppliers, and poorly managed cash flow affect your business’s bottom line. In today’s blog, we are looking at the other side of things — accounts receivable. So, […]
Welcome! In today’s blog, we are going to be discussing an important piece of business bookkeeping — accounts payable and the importance of an effective accounts payable system. First think about your business — does your company have a successful business bookkeeping system set in place for accounts payable? Or do you frequently miss your […]
When it comes to buying or selling a business, there are a lot of tax implications that you may not have initially considered. While one component of buying or selling a business often includes some form of business valuation — which means finding the actual price for the transaction — there are a number of […]
Do you know everything there is to know about your business? As a hard-working, successful entrepreneur, you’d like to think that you do. However, there’s a good chance that some things are not necessarily over your head, but most likely out of your head in terms of running — and more specifically, valuing — […]
The single biggest source of stress for many small business owners has passed. Tax day has come and gone, and unless you filed for an extension on your small business income taxes, then you can now breathe a slight sigh of relief. But the work is not done yet. It’s never too early to […]
Learning the lingo of your industry is an important aspect of running a small to medium sized business. From relating to your customers to being able to communicate effectively with your employees, having a good grasp of the jargon will only help you streamline your business operations. As a business owner, you can count on […]
Many individuals with complex filings, small business owners, and others attempt to navigate through the complicated, choppy waters of tax planning on their own. Little do they know that a local CPA firm can actually help make their lives a whole lot easier. At O’Dell & Company, our Fort Collins CPA firm has helped thousands […]
Attention small business owners of Fort Collins, Denver, and beyond: do you have accounting software that you can trust? If you do, it’s likely that you have Intuit QuickBooks, which more than 85 percent of small business owners say is an essential tool for running their business. If you don’t, then you need to get […]