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10 Ways to Prepare for Business Taxes

10 Ways to Prepare for Business Taxes

Paying taxes is clearly a requirement for businesses large and small. Taxes provide revenues that local, state, and federal governments use to fund essential public services, including police, fire, a justice system, defense, health, education, infrastructure, and...
How to Forecast Your Operating Expenses

How to Forecast Your Operating Expenses

Operating expenses are a necessary component of running every business. Understanding how much money is required to keep a company running is critical to ensure its vitality and continuity. Additionally, controlling operating expenses is a factor in remaining...
10 Tips for Analyzing and Controlling Business Costs

10 Tips for Analyzing and Controlling Business Costs

It’s important that wise and efficient cost control is essential for achieving success and sustainability for every business. As renowned industrialist and philanthropist Andrew Carnegie stated, “Watch the costs and the profits will take care of themselves.” Benjamin...
How to Read a Profit and Loss Statement

How to Read a Profit and Loss Statement

A small business owner may have many aims, but if those aims do not include and result in profits, no business will remain. As renowned auto industry executive Lee Iacocca said, “In the end, all business operations can be reduced to three words: people, product and...