Small Business Accounting

Business Name:
Small Business Accounting
1513 First Ave, Suite 47AA
New York, NY 10075
(347) 763-9921
Mon - Fri 7am - 7pm
cash, all credit cards, check
Running a business is a major undertaking, and one that you want to make sure is handled correctly. No
matter what type of business you are running, it is important to really think it through and make good
decisions that will help you for years to come. This extensive business guide will answer common
questions, provide tips, and much more.
If you own a small business and you want to pass it down to your children or other loved ones, you will
want to start preparing as soon as possible. Less than 1/3 of small businesses survive passing down to a
second-generation owner. Only about half of those survive making it to the third generation. This is
largely because it is handled poorly.
One of the most difficult parts of running a business is making sure you have the necessary cash flow to
do the things that need to be done. Without proper planning in this area, your business could be forced
to shut down over a relatively minor issue.
Your business should have a set amount of cash on hand to deal with both expected and unexpected
expenses. The amount will depend on the size and type of business you are operating, but in general you
should be able to cover critical expenses like payroll, inventory costs, rent, and more for a least a set
period of time. If your business is particularly vulnerable to swings in the economy, having a larger cash
fund to draw on during lean times will be very helpful.
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Income Tax, Federal & State Income Tax, Tax Preparation and Filing, Forensic Accounting, Payroll Tax,
IRS Tax Audit, quickbooks accountant, tax preparation near me, accountant near me, Manhattan, NYC,
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