Four Tips to Reduce Supply Costs

One of the most significant expenses on invoices is the cost of supplies. It follows that any opportunity to save on supplies can have a dramatic effect on the final cost of a project. While labor and time charges can be altered by increased efficiency or at the contractor’s discretion, supply costs are not as Read More

Please follow and like us:
By |July 15th, 2018|Small Business Tips|

Best Practices for Lowering Your Business Insurance Premiums

As a business owner, you wouldn’t survive long without the protection afforded by business insurance. It insulates you from a wide range of financial losses, such as a customer suing you, employee theft, and widespread damage to your business structure caused by severe weather. These situations are unpredictable and out of your control. However, that Read More

Please follow and like us:
By |June 15th, 2018|Small Business Tips|

5 Strategies to Avoid Small Business Bankruptcy

Running a business can be tough. You will experience growing pains as you start and expand the business.  You will become impatient with the slow progress as the business progresses.  There will be days where developing your small business may be far from the dream you expected it to be.

The unpredictability of business also means Read More

Please follow and like us:
By |May 15th, 2018|Small Business Tips|

Big-Time Money Mistakes Small Business Owners Should Avoid

Unless your last name is Bezos, Buffett, or Gates, you likely won’t have the answers about how to run a successful business, and you’ll have to figure things out the hard way. Fortunately, those who have already been down that road can offer some pieces of advice aimed at steering you clear of some all-too-common Read More

Please follow and like us:
By |April 15th, 2018|Small Business Tips|

How to Take Charge of Your Personal Finances

Management of your personal finances can be challenging.  However, it is a necessary skill for those whose goal is to live debt-free and acquire wealth. There are specific and necessary steps to follow if financial independence is your goal.
Get Organized
If you are disorganized in your everyday life, you are apt to have difficulty following a Read More

Please follow and like us:
By |March 15th, 2018|Small Business Tips|

Steps for Managing Financial Hardships and Difficulties

One of the most disruptive things to happen in your life is a financial hardship. These can come in many different forms, like losing your job, poor investments, natural catastrophes and illness. It is important, if you should find yourself in any of these situations, to remain invested in identifying your next steps and making Read More

Please follow and like us:
By |February 15th, 2018|Small Business Tips|

5 Federal Tax Tips for Retail Businesses

With the recent oil price downturn in Calgary and the increase in labor costs, many businesses are looking for ways to save on their taxes and keep their doors open. Here are five ways that retail business owners can potentially save on income taxes and increase their profitability.
Family Member Worker Expenses
Wages that business owners pay Read More

Please follow and like us:
By |January 15th, 2018|Small Business Tips, Tax Tips|

Tax Tips for Real Estate Professionals

As a real estate agent, taxes can be one of the biggest challenges you face. Unfortunately, it’s extremely easy to miss out on deductions and thereby add unnecessary overhead to your annual revenues.
3 Tips for Handling Real Estate Agent Taxes
Fortunately, there are three very simple easy tips you can implement right away to save on Read More

Please follow and like us:
By |December 15th, 2017|Small Business Tips, Tax Tips|

6 Tax Tips for Medical Professionals

Working as a medical professional comes with no shortage of challenges. At Padgett Business Services®, we can’t help you with the day-to-day responsibilities you have to your patients, but we can help give you peace of mind by ensuring your finances and taxes are handled properly.  To this end, we have created this list of Read More

Please follow and like us:
By |November 15th, 2017|Small Business Tips, Tax Tips|

Small Business Employment Taxes – What You Should Know Before You Hire Your First Employee

Running a successful small business comes with one challenge after another. So it’s a major achievement – and relief – when you can finally hire that first employee and start benefiting from some extra help. Unfortunately, if you don’t understand business employment taxes, this initial hire may turn into a burden.
The 5 Steps to Properly Executing Read More

Please follow and like us:
By |October 15th, 2017|Small Business Tips|