Embrace the new year with 5 Financial Resolutions for Small Businesses: Strengthen cash flow, minimize debt, maximize savings, cultivate financial literacy, and set realistic financial goals. With Lighthouse Advisory's guidance, illuminate your path to a year of financial triumph and beyond, transforming your dreams into substantial victories.
Embrace the new year with 5 Financial Resolutions for Small Businesses: Strengthen cash flow, minimize debt, maximize savings, cultivate financial literacy, and set realistic financial goals. With Lighthouse Advisory's guidance, illuminate your path to a year of financial triumph and beyond, transforming your dreams into substantial victories.
Explore strategic territories such as retirement contributions, charitable contributions, and end-of-year expenses/purchases to maximize deductions and reduce taxable income for your business. With meticulous preparation and strategic foresight, make your path towards tax season not just manageable, but rewarding too. Lighthouse Advisory will guide you every step of the way.
Balance year-end financial tasks with holiday cheer. Discover effective strategies for small business owners to prepare for tax season from November onwards, while still enjoying the festive season. Lighthouse Advisory is sharing tips to stay organized, use digital tools, and outsource tax tasks if needed.
Setting an annual budget illuminates your business's financial landscape, paving the way for informed, strategic decisions. Adjusting your budget as you sail through the year prepares you for unforeseen storms and sunlit opportunities alike. Consider your budget the north star for your financial goals—steadfast, guiding you while you measure your progress. Comparing actual performance against your plans is like adjusting your navigation on this journey. At Lighthouse Advisory, we don't just guide you. We're your dedicated crew, helping keep your business on a successful course.
Hiring your first employee is such an exciting time for a business and can be really overwhelming if you, the business owner, are also stepping into the role of HR, Payroll, and Manager. If you’re feeling a bit stressed, you’re not alone! I hope this checklist helps, and remember, once you find the right person to fill the role, the possibilities are endless!
An expense analysis is the process of strategically reviewing your business expenses and taking the time to audit and review each of them. It’s important to perform a proper expense analysis at least quarterly in order to ensure all your expenses are correct and up-to-date.
Think this is something you can skip or get away with performing annually?
Think again.
Let me share five stories of how an expenses analysis saved a business money or cleaned up the business books so that everything was running smoothly. But first, let me share some backstory.
This all started a few weeks ago when a business owner reached out with some questions about working with me. I had a realization that other business owners could have the same questions. While I love participating in 1:1 networking and my free introductory calls, I thought that if I took the time to record our conversation that it could answer those questions for you and when we meet, we can talk more about your business.
You can watch the video of our conversation on the blog. I hope this answers your questions, and you feel ready to go ahead and schedule our initial call.
As a business owner, you work really hard and wear multiple hats (and scarves and shirts) to make everything work. You deserve to enjoy the fruits of your labor and live well without feeling stressed come tax season or hoping there’s enough money to pay yourself each month. There’s a better way to manage your business cash flow without increasing sales.
If you're working on next year's plan and could use a little help, take a moment to read our latest Blog post on building your strategy. Creating a comprehensive Strategic Plan is critical to achieving your goals. This month we're weighing in on what is the most important and how to develop a well thought out plan.
If you aren’t sure what the difference is between a bookkeeper or accountant and a controller/CFO, it’s ok, you aren’t alone. I frequently get asked if I provide bookkeeping services (I do not) but not everyone understands why. I wanted to use this month’s newsletter to explain what the differences are between the two roles.
Embrace the new year with 5 Financial Resolutions for Small Businesses: Strengthen cash flow, minimize debt, maximize savings, cultivate financial literacy, and set realistic financial goals. With Lighthouse Advisory's guidance, illuminate your path to a year of financial triumph and beyond, transforming your dreams into substantial victories.
Embrace the new year with 5 Financial Resolutions for Small Businesses: Strengthen cash flow, minimize debt, maximize savings, cultivate financial literacy, and set realistic financial goals. With Lighthouse Advisory's guidance, illuminate your path to a year of financial triumph and beyond, transforming your dreams into substantial victories.
Explore strategic territories such as retirement contributions, charitable contributions, and end-of-year expenses/purchases to maximize deductions and reduce taxable income for your business. With meticulous preparation and strategic foresight, make your path towards tax season not just manageable, but rewarding too. Lighthouse Advisory will guide you every step of the way.
We will never share your information with external parties.
