For the love of the deity of your choice, please keep your business and personal financial transactions in separate accounts. Why am I so adamant about keeping these separate? … More Commingling Sounds Dirty
Another thought experiment. What if I gave everything away for free? Like permanently. I don’t charge for my financial organizing services. I put my writing on the internet for free – not just as a promotional exercise but as a permanent model. … More What if I gave everything away for free?
“When I was suckling at the corporate teat, my money came with reassuring regularity. Unless it stopped completely. But now I’m self-employed, my money comes when clients decide to pay me. But what hasn’t changed are the dates when I’m supposed to pay my bills.” … More Tales from the Self Employed: Cash Flow
Transitioning from an employee to self-employed has a lot of moving parts. One of those parts is taxes. No more will an employer compulsorily deduct taxes from your income. But the IRS still expects you to pay taxes. … More Tales from the Self Employed: Taxes
You’re a virtual business now and find paper in all forms a nuisance. But you still have documents to store: bills, contracts, bank statements, and a pile of unexciting records your business must retain. In addition to static documents, your business also has ‘working’ documents – editable files with routine changes or updates. If you … More Your Virtual Office: Documents
So you’ve decided that your business will be office-less for the foreseeable future. There were only a few things tied to your old physical office space, but one of them is mail. While there are many opportunities to switch correspondence to electronic delivery, your business still needs an address. … More Your Virtual Office: Mail
How do you adjust your business’ financial systems to accommodate new work locations?
… More Your Virtual Office: Paying Bills
You might make this vow every year after the cluster-f**k that is tax time for your business. But like most New Year’s resolutions, this vow is forgotten before you implement any changes. … More Never again will I wait until the last minute to do my taxes
Small business finances get complicated. Many small businesses have more responsibilities than just tracking their income and expenses. … More I have all this other stuff to do for my business too?
Some small business owners would rate a trip to the dentist higher than working on their business bookkeeping. … More Oh, I have to deal with the finances for my business too?