How We Budget – Overview

October 4, 2013

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This is the second in a series of articles on small business budgeting. In a recent post, we laid out the case for why we think small businesses should use budgets.  We now turn in the coming weeks to how to actually create a budget.  In this post, we’ll give a brief overview of our process. […]

Posted in: Budget

Product Review – Transaction Pro Importer 5.0 for QuickBooks

September 23, 2013

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Last week a client had an urgent need to import a batch of bills into QuickBooks from data that resided in Excel.  We helped them to successfully complete the import using Transaction Pro Importer 5.0 from Baystate Consulting. This product takes Excel data with transactions organized in rows and imports the data into QuickBooks. It eliminates […]

Healthcare Reform – New Requirement to Provide Notice to All Employees Starts October 1

September 21, 2013

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Most employers have two new obligations that commence over the next two weeks related to the new healthcare exchanges that will become available on January 1, 2014. First, employers are required to provide a notice to all existing employees by October 1, 2013. There are two form notices–one for employers who offer health insurance and […]

Posted in: Healthcare Reform, HR

The 7 Reasons Why You Need to Budget

September 21, 2013

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This is the first of several posts on small business budgeting. Budgets can arouse strong negative feelings–in big companies due to sometimes tortuous processes, in small companies due to being perceived as unnecessary bureaucracy, and at home because–well, who likes personal budgets? However, we believe that budgets can be extremely useful in any size business, […]

Posted in: Budget

Accounting Tips for Start-ups and Young Companies – Part 2

September 13, 2013

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Here are our final three accounting-related recommendations for the owners of new up or young companies. 4.  If you have employees, hire an outside payroll company.  When you hire your first employee, it’s time to hire Paychex or other reputable payroll company.  An outside payroll company will handle all the pay and tax calculations, create physical paychecks or […]

Accounting Tips for Start-ups and Young Companies – Part 1

September 12, 2013

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We’re asked for accounting-related advice by business owners for their start-up or young company.  We have six recommendations.  Here are the first three and we’ll describe three more in our next post. 1.  Open and use a dedicated business checking account.  Open a separate checking account in the business name, and pay all your business expenses […]

Banks Are Lending, Rates Are Headed Up — Time to Act?

August 25, 2013

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If you asked a few months ago, I would have said the small business lending market continued to be tough. However, my opinion has recently changed. Four of my clients have gotten new loans over the past few months. One of these loans was specifically turned down last year, and I don’t think any of […]

Posted in: Banks