We all remember what our good friend Benjamin Franklin said about life, right? “… but in this world nothing can be said to be certain, except death and taxes.” No, but on a serious note… There’s no need to panic. It’s just Sales Tax. And do you know the best part of all? We can help […]
Your new business needs a bookkeeper. Here’s why.
If you’re starting a business, you are an expert in your field. But unless your startup is a bookkeeping or accounting firm, that expertise is probably not finances. Even though the financial aspect of your business is just one of many things to consider when starting a business, it can be the difference between a […]
12 Reasons Your Business is Losing Money and How We Can Help
In his article “12 Signs Your Business is Hemorrhaging Money and How to Stop the Bleeding” , John Rampton lists 12 ways your business could be losing money. Here are the 12 Signs and how Sheffield Bookkeeping can help. 1. You’re not tracking your expenses. Don’t feel too embarrassed about this. There are more businesses than […]
Small Business Owners and How They Can Spend Their Tax Savings
On Dec. 22, 2017, the Tax Cuts and Jobs Act was signed into law by President Trump and will take affect starting with the 2018 tax year. This new tax bill, establishing the lowest corporate rates since 1939, lowers the corporate tax rate from 35 to 21 percent. Small businesses set up as pass-through businesses will […]
What’s the One Task Most Small-Business Owners Loathe?
You are a new business owner. You’ve ordered your business cards, set up your website, hired your first employee. You even have a few customers who are willing to pay you for what you do.You are ready to roll….. Are you sure about that? You haven’t mentioned anything about your bookkeeping. Uhh … In a […]
Big Purchases For A Small Business Budget
Whether it’s a new piece of equipment, vehicle, or renovation, there are times when you need to make a major purchasing decision for your small business. Buying large-ticket items is no easy task, and it takes a big toll on your small business budget. It takes a careful evaluation of your business records and a lot of […]
Effective Email Marketing for Small Businesses
Keeping the doors of your small business opens can depend upon your ability to market to potential clients. With a plethora of options open to you, it can be overwhelming and difficult to decide which marketing tools to use. Email marketing has been a mainstay strategy throughout the technological era. In 1978, Gary Thuerk of […]
Preparing your Small Business for a Disaster
Our thoughts and prayers are with those who have been directly affected by Hurricane Harvey. We have been watching the news, along with the entire nation, as Hurricane Harvey has effected mass destruction on a large swath of the population in Texas. As Texans ourselves, this story hits home and hits hard. This disaster highlights […]
Reasons for Small Business Success
The formula for success for each small business is different, but the reasons for small business success that make up that formula cross over industry lines. When a small business owner understands why a company succeeds, she can apply those reasons to her own company and make them part of her management plan. Business Plan […]
Five Functions of Management & Leading
Effective management and leadership involve creative problem solving, motivating employees and making sure the organization accomplishes objectives and goals. There are five functions of management and leadership: planning, organizing, staffing, coordinating and controlling. These functions separate the management process from other business functions such as marketing, accounting and finance. Planning The planning function of management […]
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