t’s easy to think of your business and personal finances as two separate worlds but the truth is, they’re deeply connected. The way you manage money in your personal life often sets the tone for how you handle your business finances.
As business owners, we’ve all said it… “It’s just easier if I do it myself.” But the truth is, learning how to delegate effectively isn’t about giving up control. It’s about freeing up time to focus on what truly grows your business.
The holiday season is here which means it is time to celebrate while still keeping a close eye on your numbers. A little planning now helps you stay in control and step into the next quarter with clarity and confidence.
As a business owner, it’s common to have expenses that overlap between business and personal use. The tricky part is figuring out what portion is deductible. Done correctly, this can save you money at tax time. Done incorrectly, it can raise red flags with the tax office. Here are some detailed examples to guide you.
Not all bookkeeping problems are the same and the solution depends on your situation. Here’s how to tell which service fits your business best:
Your chart of accounts is the foundation of your bookkeeping. It organises all your income, expenses, assets and liabilities into categories. When it’s set up properly, you get clear financial reports that make decision-making easier.
