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5 Star Accounting and BusinessArticles posted by 5Star

What costs should I consider if I start a new business?

Building a successful business model is largely tied to making the right decisions. In order to succeed, new entrepreneurs must carefully consider the costs of launching their life-long dream business. Because the universal truth in business is that money is needed to make money, these decisions carry extra weight. Each...

When is the right time to incorporate?

Timing, as much as anything else, can be crucial to a business’s success and its long-term viability.  New entrepreneurs may rely on market conditions or other economic indicators before making splashy decisions, or even launching a new product or service.  The timing for incorporating a business, however, depends...

What you should expect out of a Point of Sale System

The business world turns by the power of transactions.   When a business exchanges a good or service to its client for payment, a Point of Sale system (POS) is utilized to make the transaction possible.   Essentially, the POS is the mechanism, including hardware and software, that allows...

Time to Incorporate or form an LLC?

At this time of year, and in light of the recent tax cuts and the favorable tax rates for the C-Corp and S-Corp, sole proprietorship and general partnership clients may be wondering if it’s time to create a formal business structure like a corporation or...

5 questions about annual meeting minutes answered

We have a lot of clients ask us about Annual Meeting Minutes, therefore we have compiled the top five Q&A's for all of our valued clients.   If you have any further questions or need further assistance, please do not hesitate to reach out to us directly...

What is a KPI? Here’s Your Answer!

Depending on where you look, the meaning of KPI – short for Key Performance Indicator – will be defined a little differently by everyone. This typically causes confusion among business professionals, which can hinder a company’s success.   KPIs are used by businesses to track progress, but...

QuickBooks Online – New Features

You said it, we listened and Intuit took action! If your an existing QuickBooks Online customer, this will only add value to the application you already use. If you're using desktop or another software solution altogether and haven't considered QBO in the past due to...

Employment Compliance

Employment Compliance Your payroll is up and running but don’t forget to take care of the following federal and state requirements!   New Hire / Employment Forms Before you pay an employee and/or prior to their 1st day of work, you’ll need to gather the following, completed information from...