Starting a small business, keeping it running, and being ready for unexpected yet inevitable catastrophes is no simple feat. However, if you review the business emergencies you may face, and then prepare accordingly, you will have a better chance at success through the storms. A good plan involves more than just having adequate funds on […]
Pride Month meets Wall Street as new LGBTQ ETF hits the market
Just in time for Pride Month, Wall Street has its first LGBTQ-focused ETF. ProcureAM, in partnership with LGBTQ Loyalty Holdings, launched the new LGBTQ100 ESG ETF this week. The first-of-its-kind fund uses LGBTQ community data to identify the top 100 companies that most align with the group’s environmental, social, and corporate governance (ESG) goals. The […]
EFOY New Beginnings Series: How to make your travelling dreams and work at the same time.
This month, owner and operator of First Class Accounts Vermont, Carol Girvan, talks us through the highs and lows of running a bookkeeping firm while travelling the country. Having worked in financial services for 30 years, Carol Girvan has witnessed plenty of change in her time. Starting out in a payroll software company, Carol eventually […]
What small businesses need to know before end of financial year 2021, including about the Federal budget concessions.
By Milton Young, First Class Accounts Tullamarine, Franchisee of the Year 2020 Small businesses are winners in the Federal budget thanks to instant asset write-off which allows them to claim deductions upfront, rather than through depreciation. June is here. While many of the budget changes will start from 1 July 2021, knowing what will change […]
Reasons Profitable Businesses Have Little Money in the Bank
Some small business owners find themselves in the difficult position of running a business that appears to be profitable, but still having no money in the bank. It’s an important situation to address. After all, a lack of adequate cash flow is one of the main causes of small business failure. Here are three reasons […]
Childcare For Your Empoloyees: It Matters More Now Than Ever
The pandemic forced employers of all sizes to reconsider the importance of employees having childcare support. The double whammy of working parents and kids stuck at home decimated presumptions about manageable accommodations. Burnout is still taking its toll as we emerge from the crisis. The good news is, even small businesses can support their caregiving […]
Here’s the firepower the Pentagon is asking for in its $715 billion budget
An F/A-18 Hornet aircraft sits on the flight line as a wall of fire detonates behind it during an air show at Marine Corps Air Station Miramar, Calif., Oct. 3, 2010. Lance Cpl. Jamean Berry | US Marine Corps WASHINGTON — The Defense Department is asking Congress for $715 billion in its fiscal 2022 budget, […]
Nike says it split with soccer superstar Neymar after he refused to cooperate with sexual assault investigation
Lionel Bonaventure | Getty Images Nike said it ended its partnership with Neymar da Silva Santos Jr. — better known simply as Neymar — when the soccer superstar refused to cooperate with an investigation into sexual assault allegations against him. “Nike ended its relationship with the athlete because he refused to cooperate in a good […]
How to clean up Opening Balance Equity in QuickBooks Online
What should you do if you are working on a massive QuickBooks Online cleanup and you come across a mysterious balance in an account called Opening Balance Equity on the balance sheet? You probably won’t recall ever adding that account to QuickBooks Online, or categorizing any transactions to/from it. So what is it, and why […]
Ways to Make a Difference While Making Money
Gone are the days when an entrepreneur was expected to be entirely focused on making a profit. Obviously, earning money is important to being sustainable and therefore staying in business, but it’s possible to both earn a profit and make a positive difference in the world around you, too. Read the ways to make difference […]