Author Archives: R Moon Consulting

Some Useful Tax Resolutions for Small Businesses

No one likes tax time except, possibly, the devoted accountant. Everyone wants a way to make the entire process easier. There are steps you can take to make tax time a little less stressful. It takes some initiative, however. This time, try some tax resolutions for small business for the coming year.

Organize and Digitize Receipts and Papers

Tax Papers a Stapler and a Calculator

Some Useful Tax Resolutions for Small Businesses.

How well your filing works depends upon the people doing the organizing and filing. Resolve, this time, to collect and file your documents better. If you collect paper receipts, take precautions not to lose them, keep them a little longer, never stuff them in shoeboxes, and consider digitizing them. A digital system–with a backup, of course–is a great way to keep your business in step with current business trends.

Help Your Tax Preparer

You have someone who handles your taxes, and this person has to navigate a very complex system, and if you’re not well-prepared, their job is much harder, which is bad for you. Make your tax expert’s life easier. Start gathering early. Have a clear system for information in place. Consider accounting software that holds everything in one place, and to which your tax person has access.

Spend More Time on Taxes

Plenty of people wait until the last month, week, or day to handle taxes. Imagine how much easier it would be if you did a little bit each week over time. Set aside some time once per week to go over tax-related items, whether it’s organizing, filing, entering information, and anything else you can do early.

These are just a few of the possible tax resolutions for small businesses that may save you a lot of stress. Want more advice on handling your small business in Dallas, TX? Call R Moon Consulting at 888-342-6167 today.

The 3 Plans Every Successful Business Has

You’re ready. You have been contemplating this moment for years, and you’re finally ready to begin the process to start your own business. But, where do you start? How do you ensure that your business will work? Unfortunately, there is never a guarantee that your business will be successful. There are, however, steps you can take to help it along. Comprehensive and creative business planning can help ensure that no matter what situation arises, you have a plan of action. As a rule of thumb, your business should have 3 main planning focuses that branch into a comprehensive business plan.

Strategic Planning

Our Experts Can Help You Organize Your Thoughts Into a Helpful Plan.

General Business Plan

This is what most people think of when they think of business planning. This layout will consist of the structure of your business as well as the beginning plans. It will cover your beginning fund allowance, employee needs, equipment cost, and even office space and utility costs. Basically, this part of your plan will cover all of the specifics to your business. It will be lengthy and time-consuming, but any successful business begins with a good plan.

Marketing Plan

The marketing plan for a business is very important and often overlooked, creation. This plan will consist of a detailed description of how you will get your business to the people. It will include any advertisement plans you have, along with the ads you will run. It will have the message you are trying to convey, how you will convey it, and how much it will cost to do so. Having a well-organized marketing plan will diminish unnecessary advertising and wasted money.

Budgeting Plan

In order to decide what your product cost will be, how much your employee salaries will be (or if you can afford employees), and how much you will be able to allow for marketing. Your business’ budget should include everything for your business. It should have any furniture or equipment costs, utility costs, and basic office management costs. It should also include any upfront costs for production or manufacturing, depending on your business.

Every successful business has a well-organized, highly thought out plan that includes every single detail possible. This way, there are no surprises for you or your business. If you have questions or would like assistance when creating your initial business plan, or if you need assistance restructuring a plan for a current business, call R Moon Consulting at 888-342-6167 to schedule a consultation today.