What Is Reasonable Compensation?

Julie Babcock-HydeSmall Business0 Comments


For small businesses formed as an S Corporation and with plenty of profits, reasonable compensation is a term you may want to be familiar with. S Corporations Many small businesses have organized as an S Corporation form of entity.  The S Corp election allows a business owner to save money on self-employment taxes which can be especially helpful if they … Read More

When Do You Need an Accountant for Small Business?

Julie Babcock-HydeSmall Business0 Comments

when do you need an accountant

    When should you involve an accountant in your small business? Simply put, all business owners should consider getting an accountant involved before they even launch their business.   Having an accountant involved from the beginning will help alleviate, or avoid, headaches and make sure you start off on the right foot. How An Accountant Helps Before You Start … Read More

Five Ways to Streamline Your Payroll Process

Julie Babcock-HydePayroll, Small Business0 Comments

streamline payroll process

For business owners with employees, payroll is a necessary task that can slow your day and tie you down if you let it.  If you’re looking for a way to make payroll less time-consuming, here are five ideas you can put to good use: Employee Onboarding If you hire a lot, empower your new hires by letting them do their … Read More

Eight Ways to Increase Your Profits

Julie Babcock-HydeProfitability, Small Business0 Comments

Increasing your profits might sound like it’s an unattainable dream just out of your reach. But there are a finite number of ways that profits can be increased. Once you understand what they are, you’ll have clarity on how to best reach your goals. There are two primary ways to increase profits: Raise revenue Lower expenses That’s not particularly enlightening … Read More

Five Digital Marketing Trends to Get More Customers

Julie Babcock-HydeMarketing, Small Business, Social Media0 Comments

Online marketing is a large component of marketing for many small businesses.  There are many aspects to online marketing that you’ll want to consider for your business.  Here are just five for your consideration. Content Marketing Content marketing is huge, and it consists of generating articles, blog posts, social media updates, white papers, videos, and other educational materials about your … Read More

Five Numbers You Should Know About Your 2016 Performance

Julie Babcock-HydeProfitability, Small Business0 Comments

performance numbers

Before we get too far into 2017, let’s take a look back at 2016 results and five meaningful numbers you may want to discover about your business’s performance.  To start, grab your 2016 income statement, or better yet, give us a call to help you compute and interpret your results. Revenue per Employee This number measures a company’s productivity with … Read More

Positive Pay

Julie Babcock-HydeFraud Prevention, Small Business0 Comments

positive pay

Positive pay is a service offered by banks that is designed to reduce fraudulent check-cashing against your account.  If you are writing checks on your bank account (as opposed to using ACH transactions), then the positive pay service, which usually has an extra charge, may be beneficial. When you activate this service, you must send a file of checks that … Read More

Start the New Year with a 2017 Profit Plan

Julie Babcock-HydeProfitability, Small Business0 Comments


With the new year, most of us are planning for an amazing year. Are you ready for 2017 to be even better than 2016?  If so, take a few minutes to reflect on the questions below and take action to set your 2017 profit plan. Question 1:  What were the three best business things about 2016? No need to re-invent … Read More

Five Money-Saving Things to Do Before Ringing Out 2016

Julie Babcock-HydeSmall Business0 Comments

money saving

Hopefully you’re having a wonderful December with all of the holidays and parties this month.  And if you’ve spent too much on gifts and decorations, never fear.  Here are six ways to save money on your accounting and taxes.  But hurry, you only have until year-end to cash in a few of these tips. 1. Check your profits After adjustments, … Read More