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What you need to know about taxes on rental properties Aug 12, 2022

Being a rental property owner can be great. Not only are you helping someone in need, but you're getting paid to do so. But while it is a good investment, it is also vital to know the tax responsibilities that come with it.

Here are the things that you need to know about taxes on rental...

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Expert tips to take your business to the next level Aug 05, 2022

When you run a small (or tiny) business on the side, it can be tricky to know what cash is available for yourself and what to set aside for tax. In this case study, we are going to look at a start-up business, that wanted to set up Profit First from the start.

Let's call her Jane.

 

Jane set...

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Top 3 tips to align business & employee goals Jul 29, 2022

Aligning personal goals and business goals is crucial to motivating employees and increasing productivity. While some businesses may have trouble with this alignment, it is not impossible to find common ground between your business and employee needs.

The following are the top three methods to...

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Why are short-term and long-term assets so different? Jul 22, 2022
Your Balance Sheet is an integral part of reporting for your business.  But sometimes it's not clear what it all means.   
 
Balance Sheets are made up of Assets (things you own) and Liabilities (things you owe) and Equity, which is the difference between the two.
 
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5 reasons why you need a rainy day account in your business Jul 15, 2022

No one likes to think about a rainy day. When it comes to business, however, it's essential that you're prepared for anything. Your rainy-day fund—sometimes called an emergency fund—is the money you've set aside for unexpected expenses. These are costs that may arise when you least...

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