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5 Star Accounting and BusinessArticles posted by 5Star

5 things to consider about your business financials

Managing the ebbs and flows of your finances is critical to maintaining business growth.   When businesses are able to track their financial affairs, they are better equipped to handle unexpected debt, stay ahead of their credit bills and make smart investments for the future.   There are some...

Three myths about being a business owner

Starting a business from the ground up is difficult. It requires years of planning, investment and the belief that anything is possible.   As entrepreneurs learn through the process, however, building a profitable enterprise is a multi-layered endeavor, full of surprises and misconceptions that are quickly learned.   These...

Tax

How to estimate taxes as a freelancer

There are perks and downsides to living the life of a freelancer.   When it comes to handling taxes, however, there should be zero worries regarding tax liabilities estimates.   Freelancers must navigate a host of tax responsibilities that are typically handled by a payroll department. Setting aside money...

What steps do I take to start a new business?

Nothing can be more personally and financially rewarding than starting a business.   Lots of financial and mental capital must be invested. This requires planning, steady decision-making and following a detailed plan.   Below is a list of what it’ll take to get your business idea off the ground...

Small Business Tax Advice and Survival Guide

Tax season comes to all businesses big and small, and can be a headache no matter how well you think you’ve prepared. For a small business owner wearing many (or all) hats in the business, it’s an unwelcome extra task sure to cause late hours...

Should I consider hiring a partner?

Running your business requires a lot of energy. It also may demand a lot of time, some of it spent alone. These factors can lead to burn out, the last thing you need as you build momentum and grow your business into what you’ve always...

We’re hiring (all the time). Why doesn’t anyone stay?

Employee movement is not uncommon. New opportunities, a desire for a new challenge or a new city may be some of the reasons why offices see regular turnover.   What’s also all too common, unfortunately, is staff turnover stemming from employee dissatisfaction. And it’s just not one...

Tax

Retirees with pension income: Do a Paycheck Checkup

If you’re a retiree, you should check to make sure you’re paying enough tax during the year. The Tax Cuts and Jobs Act changed the way tax is calculated for most taxpayers, including retirees.   Because of this law change, if you receive a monthly pension or...