Blog Posts About Growing Businesses

When Should Your Therapy Practice Become an S Corporation?

05

Aug

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S-Corp, TherapistsGrowing

When Should Your Therapy Practice Become an S Corporation?

You’re around the table at dinner sharing a drink with your friends (beer, wine, non-alcoholic — we don’t judge). Your friend says, “You know, ever since I elected my PLLC to be treated as an S Corporation, I’ve just been flabbergasted at the tax savings. Sure, there’s some added complexity and I have to shell out payroll taxes now, but it’s worth it. Trust me!” Your other friend chimes in, “Yes, but first you have to make sure that it’s worth your while. At lower amounts of gross income, the tax benefits just don’t pan out and you end up…

13

May

By Toni Cameron

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Apps, Bookkeeping, EmployeesGrowing

Tracking Time: Excel vs. TSheets

https://youtu.be/F_G6iahgyL0 Time keeps on tracking, tracking, tracking…How do you track your time? You may have noticed by now that Excel is compared to all sorts of different programs: TSheets in this article, and Quickbooks in (When Excel is not Enough). You can use Excel to make informative charts and graphs, do your math homework, and create works of art. There are even people who are crazy/smart enough to make video games entirely in Excel! We at TL;DR Accounting love Excel. It is simply unparalleled when it comes to spreadsheet software (although Google Sheets takes the cake for collaborative spreadsheet software).…

Like a Boss, Part II: How to Hire Employees

30

Apr

By Toni Cameron

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EmployeesGrowing

Like a Boss, Part II: How to Hire Employees

https://youtu.be/zGuhWA8DEW0 So you’ve read Like a Boss, Part I. After considering our guidance and adding a dash of soul-searching, you’ve decided it’s time to hire one or more employees. Great! Now how do you do it? Lay the Groundwork Sure, you could just go ahead and hire someone, but it’d be much better to have a hiring system in place. Have you ever hired onto a company who didn’t seem to know what they were doing as far as onboarding? You don’t want to be that company, do you? Let’s talk about the kinds of systems you want in place,…

Like a Boss, Part I: When to Hire Employees

23

Apr

By Toni Cameron

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EmployeesGrowing

Like a Boss, Part I: When to Hire Employees

https://youtu.be/uJ_Z4aEALcU So, your business is growing and you’ve already mulled over the options. Rather than (or in addition to) automation and outsourcing, you have decided that it is time to hire an employee. But before you do: be very very careful! Hiring an employee is a decision that carries a lot of gravity. What kind of gravity? Well, the second you hire someone, you’re committing yourself to a whole host of fair employment laws, payroll laws, and potential liability from your employee if things go sour. Even though most employees are not the kinds of people who would sue their…

What Does It Look Like When You Outsource Bookkeeping to Us?

26

Mar

By Toni Cameron

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BookkeepingGrowing

What Does It Look Like When You Outsource Bookkeeping to Us?

If you’re thinking about outsourcing your bookkeeping to us, you might be wondering how it all works. What does it look like, what happens when, and who does what? Step 1: Meeting and Agreeing on a Proposal The first step of outsourcing your bookkeeping to us is to meet with Toni and agree on a plan together. We have a standard procedure for setting up new clients, but we know that every business has its own unique needs. Tell us your needs, and together we can assess the scope of the set-up job. Once an agreement is reached, we will…

19

Mar

By Toni Cameron

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BookkeepingGrowing

How to Know When You Need an Accountant

https://youtu.be/A2gsOZpCSUM If you’ve been running your own business for awhile, you’ve seen and experienced many of its challenges and obstacles. Being a business owner is not like being an employee because you’re the “everything person.” If you don’t have employees, then you’re the administrative assistant, marketer, salesperson, chief of R&D, purchasing agent, IT person, strategist, auditor, and bookkeeper, among other things. Even if you do have employees, chances are still high that you’re wearing multiple “hats.”. Is it time to do some outsourcing? We won’t speak to all of the “hats” you might be wearing, but we can certainly help…

My Business Is Growing, HELP! (AKA: “When to Outsource”)

30

Jan

By Toni Cameron

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Bookkeeping, Employees, TaxesGrowing

My Business Is Growing, HELP! (AKA: “When to Outsource”)

https://youtu.be/RypwFWrHtyM First of all, congratulations! We here at TL;DR are well aware that running a small business can be very challenging, and if your business is growing then it means you’re doing something right. So please, just take a quick moment to give yourself a pat on the back — we’ll wait. Oftentimes it can feel like it took such a long time to get that boulder-of-a-business moving, and then sometimes it feels like it’s rolling downhill too fast and you wish you could slow it down. However, turning down business can be a very bad thing if it isn’t…