Year End Tax Strategies

December 28, 2010

At this time of year, a lot of my conversations revolve around tax saving strategies. I’ve spoken with several CPAs recently and the advice for cash basis tax payers is consistent. If you are showing a net profit for the year, here are the top 3 strategies for reducing your 2010 tax bill: Defer income […]

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How To Create A Cash Flow Forecast

November 10, 2010

A relatively simple Microsoft Excel spreadsheet is usually the best tool for predicting cash flow.  This spreadsheet will track when you expect your revenue to hit the bank account and when your bills and payroll will leave the bank account.  The first column (each column represents a time period, usually a week) in your spreadsheet […]

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3 Quick Tips to Reclaim Cash & Profit

November 4, 2010

Most business owners have too much on their plate, so much in fact, they end up throwing cash and profit away. It’s not that they are so profitable and have so much cash they don’t know what to do, it’s that they “save time” by skipping the financial review. Here are 3 common places to […]

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How to record a refund for merchandise inventory in MYOB

November 3, 2010

Recently, I received this question: The situation: I bought inventory and pre-paid the invoice with a credit card. When I received the inventory, they said they had misquoted me and refunded me $50.00 on the order. The refund was made back to the credit card that was used to pay for the order. The question […]

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4 Steps To Keep Your Finances on Track in the 4th Quarter

November 1, 2010

Forecast Revenue – Based on your year so far, historical numbers, and marketing plan, what revenue goals are achievable for the rest of the year? If you haven’t been doing well this year and you really need to bring your A game to 4th quarter, what are you going to do differently? In your review process, you should […]

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8 Interview Questions for Prospective Accouting & Bookkeeping Staff

October 13, 2010

I’ve been doing some interviewing lately and I thought I’d share some of the questions I ask potential bookkeepers. For more information on how I like to see them answered, subscribe to CrackerJack Business Insights. A full article will be in the October 21st issue. Do you think accrual or cash basis reporting is better […]

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Is your bookkeeper stealing from you?

October 6, 2010

I recently read an article in our local paper that details a pretty standard embezzlement case. In this case (Wilsonville bookkeeper gets theft conviction), the bookkeeper charged at least $17,000 of personal charges to a company credit card.  She also wrote convenience checks off the credit card to pay personal bills.  She is believed to […]

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The Cost of Business Culture (especially in creative agencies)

September 22, 2010

The latest post over on the People Positive Culture blog is “Throwing money at candidates?”. Steve Potestio delves into the difficult subject of new recruits who require more than a company needs to or should pay. Steve points out that if you have a place where people want to work, pay won’t be the only […]

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