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Exploring Tax Strategies For Small Businesses: Insights Inspired By Troy Renkemeyer’s Experiences

The Startup Magazine

Navigating the complexities of tax regulations can be daunting for small business owners, yet mastering this aspect is crucial for ensuring their operations’ financial health and sustainability. Utilizing Tax Credits Tax credits can be a powerful tool for small businesses looking to reduce their tax burden.

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The Latest Questions Small Businesses Are Asking

Up and Running

While there are no guarantees any startup business will be successful, a good first step to determine if an idea makes sense before proceeding with an investment of time and resources is to do a venture feasibility study. Consider a venture feasibility study as a start on a business plan if the idea looks profitable.

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Small Business and Startups: 5 Tips For Keeping the Books

crowdSPRING Blog

Enter the accounting team: you, your bookkeeper, your CPA, and (sometimes) your tax specialist.Rat. The best way for small business owners and startup entrepreneurs to deal with that complexity is through careful planning, detailed documentation, and careful organization. Pick your software tool.

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6 “Shark Tank” Questions Every Business Owner Should Be Able To Answer

YoungUpstarts

By Richard Weinberger, PhD, CPA, CEO of the Association of Accredited Small Business Consultants and author of “ Propel Your Small Business to Success: Accelerated Actions to Maximize Profit “ If you had to stand before the shark investors in ABC’s “Shark Tank,” would you get stumped by their questions?

CPA 160
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No credit? Big problem. Here are 7 steps to build your startup’s business credit

The Next Web

And self-financing puts the emphasis on business credit. If you’re a small business owner, navigating the lending world today can feel like one big Catch-22 loop. For this reason, many small business owners lean on their personal credit to fund their business. Get a Tax ID Number (EIN).

CPA 126
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Why Employer-Sponsored Health Insurance Is A Thing Of The Past And What You Should Do About It

YoungUpstarts

First, you need to be certified with the Health Insurance Marketplaces in the states where you want to operate. Consultant fees charged to businesses for expertise in health reform, small business health insurance, and defined contribution. If you’re a trusted adviser (CPA, attorney, tax professional)….

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4 Reasons Why You Should Have An Accounting Process In Your Business

YoungUpstarts

by Krystal Russell, CPA at LYFE Accounting. Unfortunately, most small business owners are not accountants and find themselves neglecting this function completely. If you are not able to set this up, hire a Certified Public Accountant (CPA) to help you through the process. Included in this list is the role of accountant.

CPA 100