Bookkeepers – How to Keep Forward Momentum for Your Business Building Goals

You don’t want to be like business owners who go blindly year-to-year, making just enough money to get by, but knowing deep down they’re capable of so much more. Each year they make New Year’s resolutions or goals to do things differently. Each year they stay in the same old rut. Is it your goal this year to increase your income to reflect your true value as a freelance bookkeeper or accountant? Wonderful! Now that you’ve made it, what have you done with that goal? Are you consciously building the energy to accomplish it or have you already allowed the … Continue reading

CASE STUDY: A Coffee Ship with a Kick Part 1–A Job Well Done

In previous case studies, I said that I wouldn’t call out the name of any businesses that I named in my Case Studies.  I said that because I do not wish to inadvertently harm any businesses that I discussed.  I am about to break that rule, however… but for a reason.  I am naming this business because I think they are doing so much right, they deserve the accolades.  However, no matter what business you are in, there is always room for improvement.  So today, I will name this business, point out everything they are doing right, and then make … Continue reading

Employee vs. Independent Contractor

Many SBO’s may not realize their decision to classify a worker as an independent contractor rather than an employee can get them into serious trouble with the IRS and possibly the state. Employers pay a matching share of Social Security and Medicare, federal and state unemployment tax and worker’s compensation insurance.  In addition, employers must collect and deposit income tax withheld, and are required to file quarterly and annual payroll tax reports. That’s a lot of work and a lot of reporting.  It’s tempting to treat workers as an Independent Contractor to save the company the costs incurred as an … Continue reading

The SpongeBob SquarePants School of Business

  Okay, I have a confession to make:  I am a Mom.  Even worse, I am a Mom with a Toddler.  What that means is that as a “Mom with a Toddler,” I know all the words to “Elmo’s World.”  I also know how to “Do the Pigeon” and that “C is for Cookie” (which is good enough for me).  I know how to read Dora’s map, and I know Hannah Montana’s true identity. What’s more… I know “who lives in a Pineapple under the sea.” Why do I know these things, you may wonder? Well, as any Moms with … Continue reading

Islands of Time

Jeffrey Koltoff, MBA is President of TCW Business Solutions LLC in Feasterville, PA.  Jeff has over 25 years’ experience assisting clients with accounting, business and personal finance, technology and strategic planning.  TCW Business Solutions LLC is a premier financial information management consulting firm specializing in accounting support, QuickBooks setup, maintenance and training, CFO functions, and strategic planning for small and medium size businesses.  To learn more please visit TCWBS.com. ****************************************************************************** I recently read a post on a business discussion forum from a member who was frustrated.  He described his situation as follows: As a small retail business (owner), I am … Continue reading