What is the Difference Between Bookkeeping and Accounting?

By Scott Meister, CPA | Jun 22, 2022

Source: Small Business Trends | Repost QBScott 6/22/2022 – Small businesses need to ask important questions, such as ‘What is the difference between bookkeeping and accounting?’ The bottom line is both are needed to corral financial records and understand them. Critical financial decisions get made based on the different approaches. And the results from accounting…

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QBScott Indianapolis, IN

The Small Business Success Cycle

By Scott Meister, CPA | Jun 9, 2022

Source: Entrepreneur | Repost QBScott 6/9/2022 – This is a simple yet effective way to create a cycle that will produce repeatable and positive results. Perhaps one of the most beneficial things that a small business owner can do for themselves is to set themselves up for success as quickly as possible. And one very…

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Top 25 Small Business Tax Deductions

By Scott Meister, CPA | May 26, 2022

Source: Small Business Trends | Repost QBScott 5/26/2022 –  As a small business owner, you are probably always looking for ways to save money on your taxes. Well, look no further! This article will discuss the Top 25 Small Business Tax Deductions that you can take advantage of. In addition, we will also provide some…

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5 Ways to Make More Time for Your Small Business

By Scott Meister, CPA | May 11, 2022

Source: Entrepreneur | Repost 5/11/2022 – While having a small business may be something you have always dreamed of — planning your own working hours, being flexible, living wherever you want in the world, the list goes on — it is, nonetheless, a difficult undertaking. Having your own venture may feel like you need to…

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QBScott Indianapolis, IN

5 Leadership Qualities of Successful Business Owners

By Scott Meister, CPA | Apr 27, 2022

Source: Samsung | Repost QBScott – 4/27/2022 – Being a good leader is especially important today because most employees decide whether to stay at a job based on their feelings about the company and its people. I myself left a well-compensated corporate role after nine years. My then-boss tried to motivate our team with sales…

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QBScott Indianapolis, IN

What is a Profit and Loss Statement?

By Scott Meister, CPA | Apr 14, 2022

Source: Small Business Trends | Repost QBScott 4/14/2022 –  As a business owner, you need to know how well you are generating profits. This type of profit and loss report is one of three financial statements. A p l statement is an important way to see what’s happening financially over time. This is a great…

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QBScott Indianapolis, IN

Online Marketplaces: What Small Businesses Need to Know

By Scott Meister, CPA | Mar 30, 2022

Source: SmallBiz-Resources | Repost QBScott 3/30/2022 –  With estimated revenues of over $7 trillion a year, small businesses have an unmatched purchasing power that everyone who sells goods or services should consider tapping into. And that means you too. One of the most convenient ways is through online marketplaces, which have become the de-facto targeted…

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QBScott Indianapolis, IN

10 Small Business Tips You Can Implement in 2022

By Scott Meister, CPA | Mar 17, 2022

Source: Institute for Entrepreneurial Leadership | Repost QBScott 3/17/2022 Making the decision to start up a small business includes numerous significant choices, of all shapes and sizes. The decisions you make today can influence your business for a long time in the future, so it’s essential to get off to a solid beginning and launch…

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QBScott Indianapolis, IN

5 Habits Every CEO Should Avoid to Be a Truly Remarkable Leader

By Scott Meister, CPA | Mar 2, 2022

Source: Entrepreneur | Repost 3/2/2022 – These are easy traps to fall into despite being a well-intentioned executive leader. Seldom will you find a CEO who has it all figured out. I don’t; however, I spend a lot of time reflecting on what constitutes a truly remarkable leader. What traits does this sort of leader…

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