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    Activity-Based Costing: Is it right for me?
    • Oct 28, 2019
    • 2 min

    Activity-Based Costing: Is it right for me?

    ABS is as easy as 1-2-3! Is Activity-Based Costing right for you?
    3 views0 comments
    Emergency Funds - How to Prepare for the Unexpected
    • Oct 21, 2019
    • 2 min

    Emergency Funds - How to Prepare for the Unexpected

    In the hit NBC show This is Us, a married couple plays a game called "What's the worst that can happen?" In this game, they share their deepest fears of the worst outcomes from their current situation. Afterwards, they feel better knowing the worst possible scenario is often also the least likely. It's hard to prepare for the unexpected. Cars break down, AC units break, and sometimes we just really turn our finances on their head. Enter the Emergency fund, or as BudgetsAreSex
    8 views0 comments
    Financial Ratios for Your Small Business Part II
    • Sep 30, 2019
    • 2 min

    Financial Ratios for Your Small Business Part II

    Last week, we introduced a few financial ratios that you can use on your balance sheet and income statement. This week, we'll add to that list! Gross Margin Gross Margin = Gross Profit / Net Sales When You Use It: The Gross Margin Ratio gives you a percentage of sales dollars available after you've deducted the cost of merchandise. If yours looks particularly high or low, remember that this varies by industry and by company! Profit Margin (after Tax) Profit Margin = Net Incom
    10 views0 comments
    5 Easy Steps to Managing your Payroll
    • Apr 23, 2019
    • 5 min

    5 Easy Steps to Managing your Payroll

    As your business grows, you may find you need to hire your first employees. While this is an exciting step for any business owner, it is important to ensure you take the right steps when setting up and managing employee payroll. Read on for 5 easy steps for managing employee payroll! Photo by Priscilla Du Preez on Unsplash 1. Consult with payroll professionals and register as an employer As a business owner, you most likely have an accountant or other business mentor who can
    4 views0 comments
    4 Easy Steps to Creating Your Small Business Budget
    • Apr 16, 2019
    • 2 min

    4 Easy Steps to Creating Your Small Business Budget

    For many small business owners, creating their yearly budget is one of the more painstaking tasks of their company. Today, we talk about 5 easy steps to building a budget for you small business. Interested in learning more? Check out our Finance Fundamentals for Your Small Business May 7, 14, & 21! Get tickets here Photo by Fabian Blank on Unsplash Step 1: Determine Your Revenue Your most basic revenue is simply selling price times number of units sold. This can easily get mo
    7 views0 comments
    5 Key Tasks an Accountant Can Do for Your Small Business That Tax Software Cannot
    • Feb 5, 2019
    • 3 min

    5 Key Tasks an Accountant Can Do for Your Small Business That Tax Software Cannot

    As a small business owner, you have more than just your personal taxes to consider when tax season rolls around. Taxes can be complicated and time consuming, and while tax software may seem like an easy alternative to hiring an accountant, that may not be the best option for your company! Keep reading to discover the 5 ways accountants can help you during tax season versus a do-it-yourself software. photo from wix.com 1. your accountant ensures you're compliant with the tax c
    16 views0 comments
    3 Smart Ways to Invest Your Money
    • Jan 29, 2019
    • 2 min

    3 Smart Ways to Invest Your Money

    Investing is a long-term strategy of making more money and expanding your financial portfolio. It's also a personal choice on how you choose to invest: the stock market, bonds, mutual funds, new ventures, and many more! However you choose to invest, here are 3 reasons why investing is a great opportunity in expanding your financial gains! photo from wix.com 1. Be a Part of Something new There are approximately 543,000 new businesses that start each month according to Forbes.
    17 views0 comments

    Our primary mission is to maximize benefits to our clients by providing quality, personalized and attentive accounting services. As your trusted advisor, we’re dedicated to doing everything we can to improve your business practices and operations so you can relax and focus on what you do best: growing your business.

    Office: 10705 Courthouse Rd, Suite 116, Fredericksburg, VA 22407

    Phone: (703) 309-5754

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