Can I Rent My Own Property to My Business? Yes, you can rent your personal property, such as an office or a warehouse, to your business. This is a common strategy for tax planning and asset protection. Leasing or renting property to your business can be a smart strategy but only if you do it […]
Asset-Backed Loan vs. Cash Flow Loan An asset-backed loan is secured by collateral like equipment, inventory, or real estate. If you don’t repay, the lender can take the asset. A cash flow loan, on the other hand, is based on your business’s projected income and profitability. It’s unsecured, which is riskier for lenders and often […]
Starting A Plumbing Company? Don’t Start Without These Tips There’s a misconception that squirrels bury hundreds of nuts and then forget about them. According to Britannica, food storage is a serious business, and squirrels don’t bury nuts randomly and carry out a proper plan. Starting a plumbing company works the same way—if you forget some […]
The Ultimate Guide to Bookkeeping for Realtors Our imaginary friend Ben once undertook the noble task of assembling a bookshelf. Ben proceeded with nothing but a vague instruction manual and the confidence of a man who once built a LEGO castle in 1996. 2 hours later, the bookshelf stood, leaning like Pisa Tower. Ben, naturally, […]
Here’s How to Price Landscaping Jobs in 5 Steps Have you ever bought one of those fancy lattes that cost like seven bucks? You take a sip, and you consider your life choices. Was it that good that you were willing to spend $7 on it? We don’t know about you, but we love coffee, […]
Accounting for Entrepreneurs: The Definite Guide Did you know that 90% of New Year’s resolutions are abandoned in a few months? According to VeryWell Mind’s guide, “As humans, we do tend to be optimistic in the face of the evidence.” While many people know the high failure rate of New Year’s Resolutions, they tend to […]
What Is Retained Cash Flow and Why It Is Important for Your Small Business If you have ever run a marathon, you know that in between, water helps hydrate the body so you can continue for longer. What if you ran a marathon and there were no water stations? You would start strong, but you […]
Bookkeeping For a Cleaning Business in 5 Easy Steps Back when we used to go to the gym, one day, our trainer said, “If you aren’t going to track your progress, what’s even the point”? We admit we had been winging it for a few months and not tracking our progress (hey, this was […]
How To Price Lawn Mowing Jobs Without a Fuss? Ordering pizza with friends is always an adventure. Some want extra cheese, others want a gluten-free crust, and some want pineapple on top. However, have you noticed the price is different for each pizza? That’s because pricing is about the value perception, operational costs, […]
Why Should You Opt for Paperless Accounts Payable for Business? Remember the last time you printed a boarding pass? Probably not. Because who does that anymore? These days, we scan our phones and pass through. Yet, when it comes to handling accounts payable, many businesses are still clinging to stacks of invoices, manual approvals, and […]
