BMH Accounting & More

How to Use a Lean Business Plan to Make Your Startup a Success

When creating a business plan, try "lean thinking". This will help to eliminate waste and improve your efficiency. When you are creating your plan, remember:

- Don't make it too difficult, keep it simple.
- It should help measure progress towards your goals.
- It should be easy to update and refine
- This should only take you about 20 minutes to write up

thomasnet.com Lean business plans are great for both business owners and readers; they cut down on time and get straight to the point.

Kevin O'Leary's advice for small business owners as the economy reopens: 'Practice being thrifty'

Who wouldn't want business advice from Mr. Wonderful? Kevin O'Leary suggests that it might be a good idea to lower your standards, as people are being very cautious when they are out in public. And of course, be kind to your staff because once things go back to normal, you're going to need them.

cnbc.com "At some point, we're gonna start to reopen," Kevin O'Leary, investor on ABC's "Shark Tank," tells CNBC Make It. "But [business owners should] lower your expectations."

Now is the time to get a grip on your finances. check out this article, which reviews possible ways to find and secure emergency funds. #Money
https://time.com/5836604/emergency-money-coronavirus/

Now Is the Time To Digitize Your Business

Even though business isn't booming you are still working just as hard as before. While you work behind the scenes, think about how #digitizing could be the next step for your business.

smarthustle.com Now is the time to upgrade and digitize your business. Wait and you'll be too late. Your customers will demand that you serve them eve better than before.

Bookkeeping, Payroll & Accounting | Palm Beach County| BMH Accounting

Bookkeeping, payroll, and other accounting tasks can be overwhelming. BMH Accounting takes the stress out of the equation so you can focus on running your business.

bmhtaxes.com We handle the bookkeeping, payroll and accounting, allowing you time to focus on your business. Serving Palm Beach County and surrounding areas.

Small Business Accounting - BMH Bookkeeping, Payroll & Accounting

Don't let accounting, or a lack thereof, keep your business from thriving and experiencing the success you have been seeking. From tax solutions and preparation to Quickbooks help to proper bookkeeping, our accounting services are valuable and can really help you keep essentials on the right track. Invest in your company's future and turn to BMH for all your accounting and bookkeeping needs.

bmhtaxes.com Work smarter and not harder. Our customized account management system provides timely data gives company owners the information they need

How small businesses can stay afloat during the pandemic without government help

Not all small businesses that tried to get government help got the relief they were looking for. Although states are planning to reopen sooner than later, some small businesses still need help to stay alive. See how what alternatives are available for helping small businesses here.

marketwatch.com Welcome to the world of bartering, where paychecks have gone away for some 30 million Americans — but the need for goods and services hasn’t.

Six Steps To A New Roadmap For Your Business To Recover From The COVID-19 Crisis

Having a plan in place is crucial to business survival, and when it comes to reopening your business because of the COVID-19 outbreak, experts think a plan is the only right way to go about it. With a good plan, you can prepare for any future disasters or unexpected business growth, or adjusting to new social distancing regulations. See 6 steps you need to take in order to rebuild and recover from the pandemic here.

entrepreneur.com Things will be different here on. At least for a while. A call to action is required to cope with the changes and restructuring initiated within organizations.

Council Post: Should You Be Outsourcing? Eight Signs to Look For

Is outsourcing right for your company? There are so many tasks, from accounting to marketing, that can be outsourced to save you time and money in the long run. If you are on the fence and not sure if outsourcing is worth the spending, check out this article and think about any tasks you need outsourced today.

#STL #JCMO

forbes.com Outsourcing tasks that take up too much time will allow your team to focus on and put more resources toward vital work.

Small Business Accounting - BMH Bookkeeping, Payroll & Accounting

Do you struggle with keeping your business's accounting records up to date? We're here to help. Discover how we can help you grow your business here:

bmhtaxes.com Work smarter and not harder. Our customized account management system provides timely data gives company owners the information they need

6 Ways to Protect Your Company's Cash Flow in a Crisis - business.com

Understanding your cash flow cycle is one of the best things your business can do going forward. Find more advice at the link:

business.com Follow these six steps to protect your business's cash flow in uncertain times.

How to Manage Your Small Business Cash Flow - business.com

Keeping your company's cash flow under control isn't always easy, but being aware of the problems can make management more straightforward. Seasonal businesses in particular can run into issues.

business.com Cash flow management is essential to a small business's survival. Here's how to manage your cash flow.

10 Ways Business Owners Can Take Advantage of the Federal Stimulus Package

If your small business is struggling due to the coronavirus, you'll want to take a closer look at the options available to you. PPP loans can be helpful, but you'll want to understand them inside and out before diving in.

entrepreneur.com Updated info on the various opportunities available for (and obstacles in acquiring) loans, unemployment benefits and more.

The CARES Act Opens Floodgates to Free Money for Businesses - BMH Bookkeeping, Payroll & Accounting

The CARES Act could make a difference for your small business during the coronavirus outbreak. It allows you to cover 2.5 months of payroll, lease payments, and more. Read on:

bmhtaxes.com The CARES Act has opened the floodgates to free money for businesses Below are the basic details of loans available to businesses. They are incredible unless regulations apply limits: This new law lets any business borrow 2.5 months of payroll, benefits, interest on loans and lease payments. The loa...

10 Business Planning Steps for Post-Coronavirus

There's no doubt that business plans need a bit of adjustment during the coronavirus and for the aftermath. Analyzing your budget should come first, but then move onto these next steps:

asicentral.com Here’s what you should do when you’re back in the office.

A 13-Week Cash-Flow Strategy For a Downturn

Starting with your weekly cash transactions could help with your cash flow in the coming weeks. But you'll also want to be conservative with the sales forecasts. Find out more tips at the link:

inc.com Covid-19 is wreaking havoc on cash flow for small business across the country. Here's a way to help navigate through it all.

4 Tips To Keep Your Business Afloat in a Downturn

Cash flow and your accounting needs special care during the coronavirus outbreak, or any downturn for that matter. Putting your business interests first can be a difference maker here.

entrepreneur.com It will be nearly impossible for anyone to walk away unscathed, but companies can take steps to mitigate losses.

Ways to maximize cash flow during the COVID-19 outbreak

How have you adjusted your cash flow in response to COVID-19? Let us know what you're doing in the comments and then read these ideas:

postbulletin.com The worldwide COVID-19 outbreak is a quickly changing, uncertain situation. You may be seeing hourly updates about travel bans, upticks in cases, and restrictions on day-to-day life – all of

Strategies for Effective Cash Flow Management - South Florida Reporter

Keeping your inventory levels low and letting your clients pay on in installments can do wonders for your cash flow. Find more more ideas here:

southfloridareporter.com There are many options for cash flow management.

5 Ways to Stimulate Cash Flow in a Downturn

Cash can be difficult at the moment for businesses, but there are ways to turn it around. One suggestion is to implement new pricing and revenue models. Find more ideas here:

hbr.org Be generous with customers — and aggressive with near-term revenue and expenses.

How Do We Help Small Business During COVID-19 Crisis?

During this crisis, how can you help small businesses? https://bit.ly/2wqYG3l

forbes.com What are the possible, and likely, actions that government can and should take?

Renters: How to Get COVID-19 Rent Relief

Programs for homeowners that prevent foreclosure, eviction, and provide mortgage payment relief are available. But what if you rent? Support is ramping up for rents too - Here's what's available, how it works, and how to get help. https://bit.ly/2Vqkwws

investopedia.com Rent relief for those impacted by COVID-19 is available, provided you know where to look. Find out about federal, state, and local rent help here.

UPDATED: Summary COVID-19: Paycheck Protection Program (PPP) | JD Supra

The U.S. Small Business Administration (SBA) is authorized to guarantee up to $349 billion in loans to eligible borrowers through the Paycheck Protection Program (PPP). Learn more here: https://bit.ly/2Rlp59Y

jdsupra.com The U.S. Small Business Administration (SBA) is authorized to guarantee up to $349 billion in loans to eligible borrowers through the Paycheck...

Everything You Need To Know About Your $1,200 Stimulus Check

As part of the CARES Act - the $2.2 trillion stimulus package - the federal government is sending stimulus checks (also known as Economic Impact Payments) to millions of Americans. https://www.forbes.com/sites/zackfriedman/2020/04/13/stimulus-check-everything-need-know/#41862a7c254f

forbes.com It's all here.

Answers To Your Questions About Student Loans And Coronavirus

Even if you’ve followed all the latest headlines about your student loans and Coronavirus, you may still have questions. Here are the most common questions along with answers and what to do next. https://www.forbes.com/sites/zackfriedman/2020/04/06/student-loans-coronavirus-answers/#328b3ac12412

forbes.com Finally, some answers.

Apply for Your Small Business Economic Injury Disaster Loan (EIDL) and Loan Advance

By now most small business owners know that the CARES Act, through the Small Business Administration (SBA), offers financial relief through two targeted loan packages—the new Paycheck Protection Program (PPP) and the existing Economic Injury Disaster Loans (EIDL) program. Here's what you need to know abou the EIDL program: https://bit.ly/3dYybDo

investopedia.com The process to secure a CARES Act EIDL Loan and up to $10,000 advance can be tricky. Here's how to get your money and keep your small business running.

7 Ways To Make Your Online Virtual Conference Successful

Conducting business from home? Here are some great tips for those virtual conferences. https://bit.ly/2WygwMC

forbes.com The keys to a successful online, virtual conference event are a bit different than those for a traditional live, in-person event. Here's how event organizers can bring even a remote audience to their feet.

How to Get a Mortgage When You Are Self Employed | www.financialhotspot.com

Many people are intimidated by the idea of getting a mortgage while self-employed, and some may tell you it is difficult. There are ways to improve your rates and probability of approval when getting a mortgage while self-employed. https://bit.ly/3bd0N9N

financialhotspot.com Many people are intimidated by the idea of getting a mortgage while self-employed, here are some suggestions for increasing your chances of getting that loan.

Coronavirus Relief Options

On Friday, March 27, 2020, the President signed into law the CARES Act, which contains $376 billion in relief for American workers and small businesses. Learn more here: https://bit.ly/2X8SdoL

sba.gov We’re here to help you overcome the challenges created by this health crisis. We offer multiple funding options for those seeking relief. Read more below.

Economic impact payments: What you need to know | Internal Revenue Service

Economic impact payments: What you need to know: https://bit.ly/3bDrlRO

irs.gov IR-2020-61, March 30, 2020 — The Treasury Department and the Internal Revenue Service today announced that distribution of economic impact payments will begin in the next three weeks and will be distributed automatically, with no action required for most people. Updated with new information for se...

Are you taking the standard deduction this tax year? Take note of the new deductions for each filing status:
Single / Married Filing Separately - $12,400
Married Filing Jointly - $24,800
Head of Household - $18,650

It is important to file your taxes on time to steer clear of late penalties. If you're not familiar with the process you'll want to let a professional like us handle it.

5 Tax Strategies for Small Business Owners | www.financialhotspot.com

As a small business owner, you want to ensure you pay as little as possible come tax filing season. Here are a handful of strategy tips that could help you to minimize your tax liability so you can improve your bottom line. https://bit.ly/3daNQPA

financialhotspot.com As a business owner it's important to reduce your tax liability wherever and whenever you can. Here are some tips to help improve your compnay's bottom line.

The CARES Act Opens Floodgates to Free Money for Businesses - BMH Bookkeeping, Payroll & Accounting

The CARES Act has opened the floodgates to free money for businesses. Here are the basic details of loans available to businesses. https://bit.ly/2UlNsXd

bmhtaxes.com The CARES Act has opened the floodgates to free money for businesses Below are the basic details of loans available to businesses. They are incredible unless regulations apply limits: This new law lets any business borrow 2.5 months of payroll, benefits, interest on loans and lease payments. The loa...

When you break larger bills, put the fives aside for savings. You'll be surprised at how fast it adds up!