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…
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…
At Universal Bookkeeper we strive to assist and helping our valued clients in all facets of their business and finances to the best of our abilities. We advise our clients and our goal is to educate them on how they can keep their personal assets safe. This usually involves separating their liability through a separate…
Ever wonder what you need before you start to pay your first employee? Check out this video for a quick overview what you need so that you do it right the first time.
Ever wonder what options you have if you are a small business owner and would like to strategically plan for retirement? Watch the video below to get some ideas on your options.
https://www.youtube.com/watch?v=plMkD9YOnPM&t=11s
Had a chance to sit down with Bill Matteson from MCB Consultants to talk about year end IRA strategies. Here is what he had to say!