Reader question: “Clobbered by taxes.”
A reader asks… Running your business as an S Corporation can help you save thousands of dollars in Social Security and Medicare payroll taxes. The trick is to make enough profit in your business to generate tax savings in excess of the cost to set up and run the new entity.

7 Ways to Measure Financial Performance
How’s your business doing financially? Simple question with many answers. Here are seven ways to answer that question and measure the financial performance of your business.

Get Paid Faster: 14 Accounts Receivable Speed Tips
Business owners: here are 14 common sense, inexpensive things your bookkeeper can do to get paid more quickly by your customers.

Exchange Rate Risk: Basic Mitigation Strategies
If you do business with customers in other countries, how do you protect yourself from currency risk? A number of my clients are dealing with this issue right now, so I thought it’d be timely to summarize some basic currency risk mitigation tactics.

Productivity Lessons from the Recession
Recession fatigue has taken its toll on the business owners I work with and their employees. People are working harder to help companies weather the recession; working harder but also smarter. My clients have cut lots of waste and improved efficiency. Here are few examples of working smarter…

Big Picture Financial Statement Package
It’s important to zoom out and take a top-level view of your company’s financial performance. Ask your bookkeeper to prepare a report package based on these specs…

October – End of Year Financial Planning
For calendar year companies, October signals that “End of Year” has begun. It translates into, “Take a deep breath and great ready to ride this quick, compressed part of the annual business cycle.” Here are some guidelines to get out in front of End of Year.

Entrepreneurs: How Much Should You Pay Yourself?
How much money should an entrepreneur take out of her or his business? All things being equal, take as much money as you can. Enjoy the economic fruits of taking the risk of running your own business. But all things aren’t equal, of course. Learn to balance opposing forces.

Hidden Costs of Running a Cash Poor Business
Run your business in a cash-starved state and certain costs are likely to crop up: high interest credit card debt, late fees, overdraft charges. Other costs are hidden, like staff time. Learn how to build cash reserves and open the door to opportunity.