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Top 10 Tips to Maximize the Value of Any Business & Have it Ready to Sell For Top Dollar

May 12, 2021 9:33:37 AM / by Brian Paulson posted in small business taxes, small business accounting, small business operations

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If you own a business but haven't read Built to Sell: Creating a Business That Can Thrive Without You by John Warrillow, we highly recommend it! Its concept is to run your business as if you are going to sell it tomorrow. You should maximize what your business is worth at all times, not just when you're getting ready to sell. CSI Accounting & Payroll's owner, Brian Paulson, took inspiration from this book while creating some of these tips.

Small businesses tend to miss the mark on this and consequently are not worth very much. Sales and profits can be high, but the purchase price can be low at the same time. The following blog post is a list of tips to maximize the value of your business to a potential buyer.

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Are There Any Risks in Asking Your Employees to Prove That They Have Received COVID Vaccinations?

Apr 20, 2021 3:25:01 PM / by CSI Accounting Staff posted in small business operations

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Are you wondering if you can ask your employees to prove that they've had their COVID vaccinations? Many people receive CDC vaccine cards that show the date and type of COVID vaccine received. Wouldn't it be easy to ask to see these cards?

Maybe not. First, we need to know if your employees are even required to get the vaccine. Second, we will discuss whether you can require proof of vaccination or not, especially when some vaccine sites don't supply CDC cards.

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How an Accountant Uses Monthly Financial Statements to Offer Advice

Apr 13, 2021 4:49:38 PM / by CSI Accounting Staff posted in small business taxes, small business accounting, small business operations

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You know the value of receiving monthly financial statements, and you're putting in the time and resources it takes. However, once they're in your hands, you're not sure what to do with them. Therefore, have the experts at CSI Accounting & Payroll help you analyze your statements to get the best plan of action for your business.

One of our main goals in our accounting department is to use the monthly financial statements we create to offer profitability advice. Have you ever wondered what kind of advice you could be receiving? Here are some of the topics that are most frequently brought up in our meetings.

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Be A Better Worker: Work Like It's Your Last Day

Apr 7, 2021 3:32:01 PM / by Brian Paulson posted in small business operations

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How can you be a better worker, improve your image, and reduce stress at work? These all have the same answer; work each day like it's your last day on the job. This applies to all levels of employees - even owners.

I realize this concept might sound a bit odd at first. However, keep reading. The organization you work for will really appreciate this if something unexpected happens to you. Even if something unexpected does not happen to you, you will be a much better, more productive employee.

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What Makes CSI Different?

Mar 3, 2021 11:43:30 AM / by CSI Accounting Staff posted in small business taxes, small business payroll, small business bookkeeping, small business accounting, small business operations

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Any reasonable small business owner would ask themselves, "What makes CSI Accounting & Payroll so special? What do they do that my current bookkeeper and annual tax accountant don't? What about my payroll provider?"

You're here for a reason, and that reason is because all professional services are not made equal.You may have a need that is not being met with your current services. Let's see if we can be a good match for each other!

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What a New Presidential Administration Means For Your Small Business

Feb 16, 2021 4:32:30 PM / by CSI Accounting Staff posted in small business taxes, small business operations

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It's official: Joe Biden has been sworn in as the new president. Regardless of which party you associate with, you're probably wondering what this means for your small business.

New tax policies will likely be at the front of every small business owner's mind. Now that democrats control the House, Senate, and presidency, it will be easier for them to implement tax reform.

The following article contains an overview of what previous administrations did for small businesses, as well as what the Biden administration is expected to have in store.

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How eBooks, Pricing Guides, and Other Templates Can Help Your Business

Feb 8, 2021 3:34:30 PM / by CSI Accounting Staff posted in restaurants, small business bookkeeping, small business accounting, automotive repair shops, small business operations

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You likely started your business because your entrepreneurial mindset was driven by your passion, not because you like performing financial tasks.

How can you reduce your time spent on financial tasks while maximizing your profits? Take advantage of the free resources available to you online, especially if they have been crafted by an accountant or payroll professional.

Luckily, CSI Accounting & Payroll offers a variety of free resources for small businesses. Let us help - your nightmare is our passion!

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Can You Require Your Employees to Get a COVID Vaccine?

Feb 4, 2021 10:13:47 AM / by CSI Accounting Staff posted in small business operations

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The COVID vaccine is finally here! For many, this symbolizes a new start and a chance at herd immunity. Others may feel differently and plan to refuse the vaccine. 

From a business owner's standpoint, being able to ensure your customers that your entire staff has been vaccinated may bring in more traffic from those who are taking COVID precautions seriously. In turn, you could also see an increase in profits. Plus, the Equal Employment Opportunity Commission (EEOC) has hinted that they expect many employers to require a vaccine.

That brings us to the questions: can you require your employees to get the vaccine, and if you do so, could it be considered employment discrimination? Recent state bills argue that it could be.

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Thinking of Bringing on Temporary Employees?

Jan 27, 2021 11:10:04 AM / by CSI Accounting Staff posted in small business operations

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Many businesses took the step to hire temporary employees in 2020 due to industry changes and COVID. Spanning across all business sizes and all industries, temporary employees can provide valuable work with little commitment on behalf of either party.

Do you know what temporary employees can provide your business? If you decide to hire one, do you know how to determine your terms of employment? This blog post discusses the nitty gritty when it comes to looking into temporary help.

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30 Documents You Need Before You Die

Jan 14, 2021 1:15:00 PM / by CSI Accounting Staff posted in small business operations

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It's not your time to go yet, but it's still important to have these documents in order! Without your help, some of your hard earned assets and life insurance may go unclaimed. Save your heirs the frustration, and get your paperwork completed today.

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