Steven Day

  • Ensuring a Smooth Transition: The Importance of Business Succession Planning

    Starting and running a successful business is no small feat. It takes dedication, hard work, and a clear vision for the future. But what happens when it’s time to retire from the business? Without proper planning in place, the transition can be rocky and uncertain. Business succession planning helps you outline a clear plan for the future of your business to ensure a smooth transition and secure the legacy you’ve worked so hard to build.
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  • The Importance of Business Accounting for Small Business Owners

    As a small business owner, it can be easy to get caught up in the day-to-day activities of running your business. From managing employees to ensuring customer satisfaction, your to-do list is endless. However, one crucial task that should never be overlooked is business accounting. Proper accounting can make or break a small business. In this blog post, we will discuss why business accounting is important and provide tips on how to manage your accounting effectively.
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  • A Beginner's Guide to Understanding Estates

    When it comes to planning for the future, it is important to have a solid understanding of how estates work. An estate refers to all the assets an individual owns at the time of their death, including property, investments, and personal items. This blog post will provide a beginner's guide to understanding estates. Discover what an estate plan is, the key components of an estate plan, and the steps involved in creating one.
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  • Simplifying Business Taxes: Online Tools You Can Utilize to File Taxes More Efficiently

    Filing taxes can be time-consuming, with plenty of paperwork, regulations, and deadlines to adhere to. Online tools have emerged to streamline the often complex task of business tax filing. These innovative solutions offer a simplified approach, making the process more efficient and user-friendly for entrepreneurs and business owners alike. This post explores the different online tools and resources available that can make filing taxes more convenient, efficient, and cost-effective for you and your business.
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  • Have You Considered Switching From Cash Basis Accounting?

    Small business bookkeeping is often performed using cash basis accounting. This means you record transactions when cash exchanges hands. Unfortunately, cash basis accounting has serious issues. As a result, you should consider switching to a different method if you're still using it. Doing so can mean laborious and time-consuming work. Still, you might benefit from creating a clearer picture of your business's circumstances. An accounting firm specializing in small business bookkeeping can help you with making the switch.
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  • Great Accounting Tips That Roofing Contractors Should Remember

    If you have a roofing business, accounting is something you need to figure out so that you can properly track relevant financial activities. This is key for running a successful roofing business today. Here are a few accounting tips that you'll want to remember. Find Out What Can Be Deducted From Your Taxes Throughout the year, there are going to be business-related expenses that you can use as deductions when you file your taxes.
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  • 3 Things Tax Planning Can Help Small Business Owners Avoid

    Some small business owners have educational backgrounds in business. They may consider themselves "jacks of all trades" because their business degrees involved various courses that equipped them to perform various roles in their respective businesses. Some owners may even do their own taxes.  There are a number of reasons why it is a good idea to outsource tax-related matters. The following points highlight reasons that small business owners should have a business relationship with professionals for tax planning.
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  • Why The Accountant's Input Is Vital For The Growth Of Your Business

    Running your business may seem easy, but it can sometimes be challenging due to some unavoidable difficulties and uncertainties. Business owners think of what to do to help their small businesses grow. Unfortunately, some of the things they try don't work, making it harder to run their business. However, monitoring business costs is among the top things you should do to help your business grow. You may attempt to do it yourself, but it may be too overwhelming for you.
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  • Can You Offer Combined Business And Personal Travel As An Employee Perk?

    Most small businesses have to send their employees on trips for various company purposes—ranging from networking and trade shows to specialized instruction and launching new products. Want a simple way to add an employee perk that costs your company little but adds a valuable benefit for employees? Then consider allowing the combination of business and personal travel in a flexible arrangement. Here's what you need to know about this potentially effective perk.
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