As a business owner, getting paid for your work should be a simple, stress-free process. But for many small businesses—especially service-based professionals like plumbers, contractors, and technicians—billing and collections often fall to the bottom of the to-do list. And that means missed revenue, delayed payments, and unnecessary stress. A Real-World Example of a Common Problem…
As a small business owner, you’re no stranger to wearing multiple hats—managing operations, overseeing marketing, handling customer relations, and even keeping an eye on the finances. But as your business grows, so do the financial complexities. At this point, you might find yourself in need of strategic financial leadership, but hiring a full-time CFO may…
The True Cost of Hiring an Accountant vs. Outsourcing with Universal Bookkeeper Many small business owners are unaware of the true cost of employing an in-house accountant. Let’s break down the numbers so you can make an informed decision. The Cost of In-House Accounting for Mid-Sized Companies ($500k – $10M in Revenue) Hiring in-house staff…
In this video, we explore an innovative approach to hospice informational visits that’s helping agencies navigate staffing shortages while improving efficiency. With the shift to virtual visits, hospices can now provide critical information to patients and families more quickly and conveniently, without the need for in-person appointments. Learn how this new method is saving time,…
Understanding how to budget for taxes is crucial for business owners, particularly those operating as a Single Member LLC or a 100% owner of an S-Corporation. Both structures offer distinct advantages and tax implications, so let’s break down the key differences and provide a straightforward approach to determining your tax budget. Single Member LLC A…
The Internal Revenue Service (IRS) is responsible for collecting taxes in the United States, and part of their efforts include auditing taxpayers to ensure compliance with tax laws. While audits can be a stressful experience, it’s important to understand that the majority of taxpayers are not audited. According to the most recent data from the…
If you’re a small business owner, it’s important to make sure you’re up to date on all your tax obligations, including preparing and filing your 1099 forms. Here are a few tips to help make the process as smooth as possible: Start early: Don’t wait until the last minute to gather all the necessary information…
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