by Charley Blewett | Mar 16, 2018 | Accounting, Small Business Resources
Accounting for small businesses is an important function that should not get overlooked. The accounting function encompasses three broad categories of necessary tasks: Recording the financial transactions ie: Bookkeeping. Classifying these transactions: Current Assets...
by Charley Blewett | Mar 10, 2018 | Accounting, Small Business Resources
Do you know the importance of keeping good business financial records? The first one that might come to mind is to make the annual income tax reporting process go as smooth as possible. That is certainly a very good reason to keep the company bookkeeping records...
by Charley Blewett | Jan 13, 2018 | Small Business Resources
There are many resources for the aspiring entrepreneur to utilize in the Biggest Little City. We have a great outreach team up at The University of Nevada, Reno, College of Business through the Small Business Development Center. We have access to the free business...
by Charley Blewett | Jan 12, 2018 | Accounting, Small Business Resources
Here are 2 Income Statement (P&L) Accounting Margins For Small Business Owners Profit & Loss (P&L) Statement Margins: Gross Profit Margin (GPM) = Gross Profit (GP) / Revenue GPM is a metric telling a business what the ratio of Revenue minus COGS (Cost...
by Charley Blewett | Jan 12, 2018 | Small Business Resources, Taxes
Note: This article was first published on LinkedIn.com on October 13, 2017 By Charley Blewett Tax planning involves taking advantage of all legal deductions, exemptions, business expenses, and other means to legally lower one’s tax liability. It is both legal...
