Dec 21 2018
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3 Year End Tax Tips For Small Businesses

By qSdCcPjb

It’s that time of year again. Time to review the past year and identify strategies that worked and the ones that didn’t.. A time to start forecasting for the future, referring to actuals for reasonable budget estimates. A time to cash flow annual employee bonuses. Yes folks, it’s year end. These are things most business owners are thinking about as December 31st or fiscal year end approaches. But one thing that’s often overlooked is what needs to be done to optimize the company’s position when it comes time to file the tax returns. We’ve put together a list of three year end tax tips to help you get your financial house in order ahead of tax season. Let’s dive in! Year End Tax Tip #1 Don’t Skip Meeting With Your Accountant If you do nothing else, set up a meeting with your accountant to discuss tax strategies before year end. Why? Because with a little forecasting and tax planning, you could save your company thousands of tax dollars (and penalty payments), and you can do some cash planning to avoid a crunch in Q1. Tax Deductions Your accountant is up to date on all the current tax laws, including ones that allow certain advantageous deductions of which you may not be aware. Know what your options are if you’re planning to buy equipment in the next few months. It may make sense to purchase it before year end and take the depreciation, or it may make sense to wait until…

Dec 17 2018
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Steiner Business Solutions Opens New Office in Wilmington NC

By qSdCcPjb

Steiner Business Solutions has announced the opening of a new office location in beautiful Wilmington NC. This marks the company’s first venture outside of Virginia. The North Carolina location enables the company to expand its market reach into the small business community, where it provides valuable bookkeeping, accounting, tax preparation, and business consulting services. For Steiner Business Solutions, this fits right in with the company’s motto, “Bridging the Gap,” shown in the stylized bridge in its logo. The company is constantly reaching out to new customers and new communities, helping small businesses grow. Steiner Business Solutions started as a small business itself, and takes pride in helping other small businesses with planning, productivity, and success. From its home base in Richmond, VA, the company has expanded into surrounding areas, including its new site in Wilmington NC. This is just one of several new acquisitions for Steiner Business Solutions. It acquired a Richmond-based bookkeeping and bill paying company last year, and is currently exploring other options that will allow continued expansion to serve more customers. Dan Steiner, CEO of Steiner Business Solutions, expects the acquisition to go smoothly. Current customers shouldn’t notice any change in service because the company is well-prepared for the integration. About Steiner Business Solutions Steiner Business Solutions provides a full range of services to small businesses, including bookkeeping, business consulting, fractional CFO services, payroll, QuickBooks training, tax preparation and planning. The Steiner Business Solutions brand serves as a single one-stop shop for small business owners. Steiner Business…

Nov 21 2018
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Why Strategic Planning Is Important for Small Businesses Too

By qSdCcPjb

Whether you’re just starting out or looking ahead to how you’ll scale your growth over the next few years, having and managing a strategy for the future of your small business is important. Too often, small businesses can conceptualize the value of strategic planning but ultimately back away, thinking that the scope of that type of strategy is better intended for larger operations. This couldn’t be further from the truth. Strategic planning is a business solution that can benefit operations of all sizes – from a small “mom and pop” local business to the largest corporation. We know that 70% of businesses that use a formal process for managing their strategy outperform those that don’t. That last thing you want for your small business is to be on the wrong side of those numbers. Here is why strategic planning for small businesses is so important today. Why Does Any Business Need Strategic Planning? No business opens its doors with a plan to fail. Every business has their sights set on the future, and in order to make that future a reality, a plan that outlines goals and a strategy for achieving them is crucial. Without a plan, you’re just stumbling around in the dark, holding your breath and hoping you make it over the next hurdle. Strategic small business planning puts a system of procedures in place that will guide your business to meeting each of its goals and achieving measurable growth. This type of planning looks different for each…

Oct 28 2018
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Steiner Business Solutions Voted RTD The Best, Local Accounting Firm 2018

By qSdCcPjb

Richmond, you have voted for the fourth year in a row, and the winners are in. After 312,310 votes, you have selected your favorites in 109 categories, from The Best Brunch to The Best Furniture Store to The Best Auto Repair. The votes are in – Best Local Accounting Firm in Richmond goes to Steiner Business Solutions! Our staff is thrilled to win this award from the RTD. We share this honor with all our clients, friends, family and business partners. We love all of you! We’re keeping our foot on the gas and making a difference in the small business community. #RTDTheBest

Oct 25 2018
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3 Important Tips for Hiring the Right Fractional CFO for Your Small Business

By qSdCcPjb

As your small business matures, so does its needs. While in the beginning you may have been able to handle all the functions of your business operations with a smaller, unspecialized staff, you’re quickly coming to the conclusion that what you’re currently working with is no longer meeting the needs of your growth driven operation. One of the most important positions in your small business is that of a CFO. At the end of the day, it’s the CFO who makes sure you’re using financial strategies for growth and profitability. Running a small business without a CFO is doable, but it can be difficult. The responsibilities handled by a CFO are not ones that you want to overlook or delegate to the wrong person. You might be thinking about bringing in a dedicated CFO, but the sticker shock of their salary is causing some hesitation, or maybe you’re wondering if you need someone in the position full time when your business is still relatively small. Hiring a fractional CFO is a solution to both these concerns, but choosing the right one is an important decision. Here are three things to consider before you decide. Understand What an Outsourced CFO Does The first thing to do is make sure you understand what a fractional, or outsourced, CFO does and what their role in your business will be. A fractional CFO is someone who performs financial officer responsibilities for your business, on a part time basis, commonly from a remote location with…