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How far away from land would you go on a sailboat with no life buoy? Not many people would come onboard with confidence. If your business is the sailboat and your emergency fund is the [...]

Small business owners have ninja-level decision-making skills. How many decisions do you think you made last month?  You found a contractor to help you deliver a project. You hired an administrative assistant. You determined year-end [...]

I am certain that you have heard about the importance of separating your business finances from your personal finances. But, how seriously are you taking that advice? Even if your intentions are good, true separation [...]

Colvin CPA uses Xero accounting software exclusively. We made the decision for the sake of our clients. Xero’s design is uncluttered and the UX focuses on the owner’s experience instead of the accountant’s experience. We [...]

Before you head out for an international business trip, talk to your accountant about how to take advantage of as many deductible expenses as possible. Many of the IRS regulations for deducting international travel expenses [...]

Almost every small business has deductible meal expenses. Here are some common examples of meals that may be a deductible business expense: You meet a potential client for coffee to discuss a potential project. You [...]

Yes, you can. But, you shouldn’t. Especially, if you want to believe in your numbers. In our experience, this arrangement harms you more than it helps you. Therefore, we don’t set up accounting systems that [...]

Everybody is doing it? Nope, I am not talking about kung-fu fighting. I am talking about cash flow forecasting. Every agency owner is thinking about whether or not their agency has cash to pay bills [...]

As the owner of a creative agency, you are familiar with the path that you walk with your clients. As your client grows, you guide them along and explain each step along the way. Well, [...]