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Be Ready for the Unexpected With These Business Plans

by nolanacct | Apr 30, 2020 | Small Business Accounting

If there is anything that a seasoned business owner will tell you about ensuring success, it’s to be ready for the unexpected. Sure, just about anyone can skate along while the economy is booming, and customers are pouring in. But what about when something goes...

Should You Consider Revolving Credit for Your Small Business?

by nolanacct | Mar 14, 2020 | Small Business Accounting

Most small business owners need ongoing access to credit to help them grow the company and seize opportunities as they arise. If you find yourself in that position, you may not be aware that options exist beyond obtaining a bank loan or a business credit card....

3 Key Tax Issues That Are Critical to Operating Your Start-Up

by Nolan Accounting | Jul 17, 2019 | Small Business Accounting

As a new small business owner, making the right choices from the start means minimizing your tax burden, taking advantage of tax breaks for business owners, and avoiding potential fines and other consequences later. We discuss three of the most important start-up tax...

What are the Differences Between a Balance Sheet and an Income Statement? 

by Nolan Accounting | May 14, 2019 | Small Business Accounting

Companies produce several statements that help to determine financial health. Two of these are the balance sheet and the income sheet, which are frequently confused with one another. However, they each service a unique purpose. Learning the difference between balance...

4 Important Cash Flow Issues to Assess and Tackle

by Nolan Accounting | Apr 30, 2019 | Small Business Accounting

Running a small business can be tough, and the five-year survival rate for small firms isn’t encouraging. According to the Small Business Administration, the number one reason that these businesses fail is due to cash flow problems. Even though there have been...

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