Keeping your business accounting practices organized and streamlined can help ensure that your financial records are accurate and up-to-date says Aron Govil. Here are 13 simple tips to help you get started: 1. Make a list of all the accounts and financial transactions associated with your business. This will help you stay organized and keep… Read More »Aron Govil- 13 Simple Tips for Streamlining Your Business Accounting Practices
Running a small business can be a risky proposition — but it doesn’t have to be. There are a number of different types of insurance that can provide peace of mind, protection for your business and its employees, and coverage in the event of an unfortunate incident says Aron Govil. In this article, we’ll take… Read More »Aron Govil- 13 Types of Insurance All Small Business Owners Should Have
A balance sheet is an important financial statement for a business says Aron Govil. It shows a company’s assets, liabilities and equity at a specific point in time. This information can help you make informed decisions about your business finances. There are several ways to create a balance sheet. The most common method is to… Read More »Aron Govil: How to Create a Balance Sheet for Your Business
No one said that starting and running your own business would be easy, especially when you’re on a tight budget says Aron Govil. But that doesn’t mean you can’t save money and get the most out of your limited resources. Here are 13 tips to help you do just that. 1. Negotiate Better Rates with… Read More »Aron Govil shares 13 Money-Saving Tips for Small Businesses on Tight Budgets
Maintaining accurate and up-to-date bookkeeping is essential for any business, large or small explains Aron Govil. Poor bookkeeping can lead to missed opportunities, financial instability, and even bankruptcy. If you’re looking to improve your business bookkeeping practices, here are 16 tips to help you get started. 1. Make a budget and stick to it. Creating… Read More »Aron Govil shares 18 Tips for Improving Your Business Bookkeeping Practices
When you’re starting a small business, one of the first things you need to do is set up a bank account explains Aron Govil. But with so many different types of accounts to choose from, it can be tough to know which one is right for you. Here are 14 questions to ask when choosing… Read More »Aron Govil- 14 Questions to Ask When Choosing a Small Business Bank Account
As a small business owner, you likely wear many hats and have a lot on your plate explains Aron Govil. This can make it difficult to focus on your finances and make smart money moves. However, it’s important to take the time to plan for your financial future. Otherwise, you may end up making some… Read More »Aron Govil: 16 Common Financial Planning Mistakes Small Business Owners Make
Are you feeling like your current accounting software is no longer meeting your needs? If so, it might be time for an upgrade says Aron Govil. Upgrading your accounting software can provide a number of benefits, such as updated features, improved performance, and enhanced security. But before you make the switch, it’s important to make… Read More »Aron Govil explains the 15 Signs you’re ready to upgrade Your Business Accounting Software
Business accounting can be a stressful endeavor, but it doesn’t have to be. There are plenty of ways to reduce stress when it comes to business accounting says Aron Govil. In this article, we will discuss 13 of them. 1. Make a budget and stick to it: This is one of the most important ways… Read More »Aron Govil shares 13 Ways to Reduce Stress When It Comes to Business Accounting
If you’re a small business owner, it’s important to understand the tax laws and how they apply to your business says Aron Govil. This article provides an overview of the most important things you need to know about small businesses and taxes. Taxes are a fact of life for small business owners, and it’s important… Read More »Aron Govil on Small businesses and taxes: What you need to know
There are a number of small business tax deductions that you may be able to take advantage of in order to reduce your taxable income says Aron Govil. Some of these deductions include the cost of doing business, employee expenses, and business-related vehicle expenses. Small Business Tax Deductions: 1. The Cost of Doing Business: There… Read More »Aron Govil- Small Business Tax Deductions
Aron Govil- Entity Selection for Small Businesses: sole proprietorship, partnership, LLC or corporation?
Entrepreneurs often start their businesses as sole proprietorships. A sole proprietorship is the simplest form of business organization and it is not a separate legal entity from the owner says Aron Govil. The owner of a sole proprietorship is personally liable for all the debts and obligations of the business. Partnerships are also popular among… Read More »Aron Govil- Entity Selection for Small Businesses: sole proprietorship, partnership, LLC or corporation?
If you’re a small business owner, bookkeeping probably isn’t something that you think of as being particularly fun or exciting says Aron Govil. But it’s an essential part of your business, and it’s important to keep your books in order so that you can make informed decisions about your business’ future. This guide will teach… Read More »Aron Govil- Small Business Bookkeeping: The Essentials
If you’re like most small business owners, you’re always looking for ways to reduce your tax bill explains Aron Govil. One of the best ways to do that is by taking advantage of business tax deductions. But are you getting the most out of your deductions? Here are some tips to help you make the… Read More »Aron Govil: Are You Getting the Most Out of Your Business Tax Deductions?
A 401k plan is a retirement savings plan that allows employees to contribute pre-tax dollars to a fund that will be used to provide them with income during their retirement years says Aron Govil. This type of plan is available to both large and small businesses. However, there are some specific features that are unique… Read More »Aron Govil views on 401k Plans for Small Businesses