Business – 5 Star Accounting and Business

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...

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...