(919) 642-2600
info@c2-acctg.com

Blog

5 Epic Tax Myths for Small Businesses - C2 Accounting

5 Epic Tax Myths That Confuse Small Business Owners

What are the “5 Epic Tax Myths that Confuse Small Business Owners”? My goal is to debunk a few of the tax myths making their rounds in the small business community, in an effort to save business owners both time and money. Epic Tax Myth #1 There are magic deductions that small business owners do…
Read more

How Is The Financial Health of Your Business?

How is the Financial Health of your Business?

Asking, “How is the financial health of your business?” is a loaded question. I meet a lot of small business owners and I am surprised by how many are unsure about how their business is doing.  Many small business owners measure their success solely on the available balance in their checking account. Is your checking…
Read more

Bookkeeping Tip #2 - C2 Accounting

Quick Bookkeeping Tip #2

Bookkeeping for your small business can be time-consuming, so here is a quick bookkeeping tip to make life easier. Bookkeeping Tip #2: Keep your business finances separate! No matter how tempting it may be to pay for your personal expenses from your business account or vice versa, DON’T DO IT! What exactly is a business expense? A…
Read more

C2 Accounting Bookkeeping Tip #1

Quick Bookkeeping Tip #1

Bookkeeping for your small business can be extremely time consuming, so here is a quick bookkeeping tip to make life easier. Bookkeeping Tip #1: Keep your books up-to-date by entering your business receipts daily! We know that entering your receipts daily sounds like it would be a lot of work, but it does not have to be if you…
Read more

P&L Report

Utilizing P&L Report for Growth

Most small business owners would agree that their Profit and Loss or P&L report is among the easiest financial documents to understand. Two parts of your P&L report The top half of the P&L report lists the income the business has received for the period covered. After subtracting the cost of producing your goods or services,…
Read more

Businesses Need Recurring Revenue Streams

Businesses Recurring Revenue Streams – Here’s How to Start

Did you know that you need recurring revenue streams for your business? The same advice for building a healthy investment portfolio applies to your business: diversifying will lower risk and increase growth. Adding a recurring revenue stream (or a few) can provide an ongoing source of income. This ongoing source of income will help to…
Read more

Encouraging Customer Referrals

Encouraging Customer Referrals

If you have any doubt that customer referrals are important, consider these recent stats: According to Neilson, 92% of shoppers trust recommendations from friends and family more than traditional advertising 20% to 50% of consumer purchases are made because of a word of mouth recommendation 81% of buyers are influenced by their friends’ social media…
Read more

3 Tips for New Business Success

You have a new business – now what?

Yesterday you had a great idea, today you have a new business – now what? Good news for new business owners: according to the US Small Business Administration, nearly 80% of small businesses survive their first year. However, that number begins to drop as time rolls on. Only half of new businesses pass the five-year mark,…
Read more

4 Costly Accounting Mistakes

4 Costly Accounting Mistakes to Avoid

Running your own business can give you flexibility and control, but it can also be challenging. If you are like a lot of small business owners, accounting is one your least favorite business tasks!  Did you know that good bookkeeping is crucial to business success?  You can both protect your business and reduce your stress by avoiding these ‘4 Costly…
Read more

Worthwhile business expenses

Worthwhile Business Expenses

Being an entrepreneur is often about squeezing all the value you can out of your resources. That means spending only on the essentials, not fluff. Unfortunately, things you consider to be a waste of your money may actually be worthwhile business expenses, just what your start-up needs to survive. Data Analysis  Successful business owners make decisions based on good information, not on a whim.  As a…
Read more