One important thing a business owner has to do when setting up their business is determine how they are going to handle their accounting. Many people operate their business accounting like a checkbook, but that’s not always the best option. A checkbook typically follows the cash accounting method, but for a business, using the accrual…
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Small Businesses, Sales Tax, and How One Mistake Could Close Your Business
All small businesses in the United States must collect and remit sales tax to the city and state in which they are doing business. Typically, this means you must file a monthly or quarterly sales tax form in the state you live in, but if you do business in multiple states, it means you will…
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Protea Conversations: John Comfort
Protea Financial was founded in 2014 to provide high quality out-sourced bookkeeping and accounting at an affordable price. Given Protea’s flexible work environment, the Company especially appealed to accountants who wanted to re-enter the work force after taking time off to start a family. This allowed Protea to attract extremely talented individuals who were previously overlooked. Protea…
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Ten Critical Factors in Getting Your Business Off to a Fresh Start in 2022 (Part 3 of 3)
In part two, I wrote about the first five key factors to get your business off to a Fresh Start in 2022. Those key factors were: 1) Vision; 2) Hard Review; 3) Focusing on Understanding if Needed Changes are Strategic vs. Behavioral; 4) Customer-Based Brand Positioning; and 5) Product Strategy. In this article, I will…
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Ten Critical Factors in Getting Your Business Off to a Fresh Start in 2022 (Part 2 of 3)
Recently, I wrote about “Resolutions”. Why do many resolutions fail? Why do some succeed? I shared research that suggests that failed resolutions often come down to three factors: 1) Changing your consciousness, 2) Accountability, and 3) Overcoming your internal fears of change. Today, I will lay out the first five of ten critical factors to…
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2022: Resolve to Give Your Business a Fresh Start to Begin the Year (Part 1 of 3)
The tradition of New Year’s Resolutions began over 4,000 years ago with the Babylonians, who made promises to begin their year. If they kept to their word, they believed their gods would bestow favor on them for the coming year. If not, they would fall out of the gods’ favor—a place no one wanted to…
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