Rebecca Tervo

Business Structure and Audit Red Flags

In this article, I would like to discuss audit "red flags" to be aware of in addition to your business structure….should it be something other than a sole proprietorship? Are you aware of audit "red flags"? IRS audits are no fun. Being prepared i... Read >

Getting Ready For Year End: What's Tax Deductible?

In this article, I would like to discuss what's deductible for business; and why we need to track large purchases for our business separately. -What's deductible? Gathering information for your tax return is much simpler once you know what you are... Read >

Systematize Your Bookkeeping, Filing and Financial Planning

Organizing the business side of your business is just as important as planning out your marketing schedule or production schedule. In this post, let's get everything organized into a system that you keep running all year long! DAILY: -Keep your d... Read >

Do You REALLY Need to Hire a Bookkeeper for a Solo-Preneur Business?

Your taxes have been filed, and you feel a sense of relief. You don't have to go through that wearisome process of gathering receipts and paperwork until next year! YAY!!!! Throw a party, use your tax return in a silly way, and do whatever it is that make... Read >

General Spending/Money Management Categories For Your Business

Figuring out where you want to spend your money: If you were to look at the total actual money you take in over a year's time in your business, where do you want to spend that money? -How much of that money do you want to take home and use for pe... Read >

The 3 Biggest Mistakes to Avoid When Budgeting Your Money

The word "budget" makes many people head for the hills. Who wants to sit down and do a budget? Budgeting means no more spending money, you can't get your favorite coffee anymore, and Christmas can't be fun. I disagree. Our budget has helped me and my h... Read >

Could Your Business Use Job Costing?

I just got off the phone with a very frustrated contractor. He has been in business for several years, but his business has grown to the point that he knows he needs to keep a closer eye on his numbers. In fact, he said "I can't sleep because I'm worried ... Read >

My Changing Business

I have had some pretty big things happening lately in my life. 1. My first child is graduating from high school and heading to college (yes, that's him on the left). 2. I had 3 big opportunities come up in the last month, and have spent much time ... Read >

The Future of Small Business

I've just returned from a very eventful trip to Scaling New Heights 2011 in Las Vegas. And, I don't mean that in a good way! I realized that I'm a "travel newbie". Traveling woes…I was traveling to a time zone with a 3 hour difference from my home. Tha... Read >

Tough Decisions

Have you ever noticed that when new opportunities present themselves you tend to lose focus on everything else at the time, and analyze how your life would be better if you took the opportunity? I've spent the last 6 days analyzing TWO great opportuni... Read >