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 […]
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 […]
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 […]
How to Grow Your Business with Referral Groups
Are you ready to take business networking to the next level? Then try a business referral group. Business referral groups, also called business referral networks or leads clubs, are networking organizations with a difference: They’re all about giving and getting referrals. For business owners who want to get fast results, a business referral group can […]
10 Bookkeeping Basics You Can’t Ignore
Millions of small business owners and startup entrepreneurs are masters at creating great products and services, building awesome teams and winning over customers. Many of them, however, would probably flunk basic bookkeeping. But if you – the business owner – don’t understand the different types of “accounts” your bookkeeper uses to organize your finances, measuring […]
8 Things You Need to Know About Small-Business Loans
Small businesses may be the engine of our economy, but many small business owners view the lending process as complicated and frustrating. Too often, growing enterprises find themselves shut out when they attempt to obtain small business loans. In theory, it should be difficult to obtain funding–lenders are in the business of making money, not […]
First Steps in Opening a New Business in Texas
Deciding to open a business is a thrilling prospect and, for those who have done their research, a good decision. If you haven’t thought seriously about the pros and cons of opening a business we suggest you take some time and check out our previous blog post titled “Considering Opening your Own Business?“. After you […]
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