A client called the other day and tried to configure a more detailed integration between QuickBooks Online and their American Express account. But American Express generated an error upon attempting the connection, stating that QBO had too many “categories” (more than 4,000). So what did our client do? Gave ZümiFi a call. When we reached...
If you are a labor-based organization, you know that your people are your “product,” and investing in your staff is critical to ensuring long-term success. That said, we are all special snowflakes. We all contribute; both those contributions are not equal across the board. So how do you know who is successful and who isn’t?...
Small businesses often focus on managing one of their most precious resources – cash! Therefore, you need to be sure you have enough cash on hand to meet your obligations, and hopefully, then some! A great metric you can use to help guide you in this area is the Current Ratio. The current ratio is...
This tax applies to any entity with employees who work in San Francisco or generate revenues in San Francisco. Therefore, when you register for a San Francisco Business License, you will become obligated for these local taxes. The Gross Receipts Tax has a small business exemption for businesses with no more than $1 million in...
When we look to value a company, we typically look at the industry comps for valuation multiples. Typically, a multiple of EBITDA (Earnings Before Interest, Taxes, Depreciation & Amortization). By looking at companies in the same field, we can determine the potential value of your company. The challenge is as small business owners we tend...
One of our new clients just formed their firm in January. They are extremely busy and still building out their internal organization and processes. As such, there are constant worries that things will “fall between the cracks,” Truth be told, there have been some near misses and one late payment charge. But the remedy for...
The one thing about budgets is, ultimately, they are wrong. After all, they are the best guess of what we think might happen in the future. Maybe we are out networking and meeting that client that changes everything, maybe Murphy’s Law kicked in; whatever the reason, it’s likely that you exceeded in some areas of...
Inventories are helpful for depreciation schedule communications with your CPA and invaluable for 571-L filings required to determine unsecured property taxes that your business will owe. But truly tracking this information can be useful for your internal purposes as well – to make sure you know what you own and to manage your capital budget,...
Now is the time when you are finding out what you owe in taxes for the success you created in 2021. Hopefully, you had a lot of success! But the downside is that if you did have solid profits, you likely owe taxes on those profits now. And far too many business owners get “caught”...
Yup, it’s that time of year. We are pulling our hair out to collect W9 forms for all eligible vendors—fun, fun. Of course, it would be best if you had them finish preparing your 1099s, but it’s not a priority to them. The trick is to request them before you make your first payment. It’s...