The CARES Act Opens Floodgates to Free Money for Businesses
The CARES Act has opened the floodgates to free money for businesses Below are the basic details of loans available to businesses. They are incredible unless regulations apply limits: This new law lets any business borrow 2.5 months of payroll, benefits, interest on loans and lease payments. The loan is made through a bank that […]
Preparing Your Business for the Effects of the Coronavirus – Emergency Business Planning
Preparing Your Business for the Effects of the Coronavirus – Emergency Business Planning With the rapid onslaught of the Coronavirus already disrupting business operations in the U.S., there are three ways you can face the future: panic, do nothing, or plan. As we work with business owners through these tough times, we know the best […]
How to Build a Strategic Plan and Engage Employees for Business Success
Building success requires both a plan and engaged participants — like your employees and staff. Crafting a success plan begins with a few fundamentals in business that foster success and encourage unity among those under your leadership. Make Prudent Investments Consider your time and energy to be your most valuable commodity; don’t invest your time […]
Target your marketing efforts toward your perfect clients with these tips. Got other business-related questions? Contact us today!
Know Your Tax Obligations to Ensure Your Business Remains in Good Standing
Every business, no matter how small, has several tax obligations that it must meet. This includes taxes at the federal, state, and sometimes local level along with payroll taxes. At BMH Accounting, we understand that keeping track of so many obligations can be challenging. However, doing so is essential to avoid fines and possibly other […]
Surviving a Slow Season and Increasing your Cash Flow
Maintaining and managing healthy cash flow is key for small businesses, particularly if your business is seasonal in nature, like a construction or landscaping business. Remember, work tends to wax and wane with the seasons and you will need to consider the slow times during more prosperous times of year in order to survive. Without […]
5 Financial Variables to Improve your Business or Brand’s Bottom Line
Want to see improvement in your business or brand’s bottom line? Pay attention to your company’s Financial Variables and discuss these influences with a qualified accounting professional to determine if your revenues can be improved, or to learn more. Five financial variables that can improve your bottom line are: 1) Look at your Profit & […]
How to Develop an Effective Strategic Plan to Reach Your Business Goals
Want the key to reaching your business and professional goals? A Business Strategic Plan helps develop and identify an effective strategy for attaining and reaching milestones that lead to the fruition of your goals. Here are some tips on how to create your own plan: First, what is It? A business strategic plan is a […]
How a Year-Round Accountant Benefits a Small Business
It makes sense to consider Hiring an Accountant for year-round provision, rather than just at tax time. There are numerous benefits of hiring a year-round accountant for your business, and the cost is a prudent investment to make in your company, brand, or business. Some benefits of hiring a year-round accountant include: Managing Money One […]
Proactive Tax Planning is Key to Avoiding Tax Liabilities
When it comes to Tax Planning, being proactive pays. Being vigilant and precise with your tax reporting and expenses can minimize your tax liabilities- and save you money at year’s end. Tax prep and documentation should not be something that only occurs at tax-time; proactive tax planning is something that happens year-round to avoid nasty […]
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