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Practical Advice

The Blazej Business Blog ~ Benefit from Our Experience

It’s a Brand New Year — Do You Know What’s Changing?

By Cheryl Blazej | Jan 14, 2020

It’s a good idea to double-check a few things, to make sure you’re all set for the coming year. Here are a few things that often fall by the wayside for busy business owners: Check the new mileage rate. New federal mileage reimbursement. It’s adjusted downward for 2020, to 57.5 cents per mile driven. (Source:…

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2020 is right around the corner, and you have PLANS.

By Cheryl Blazej | Dec 17, 2019

Plans to increase sales by 20%, add staff, attend conferences, and buy new equipment. A budget can help you achieve those goals. Get it “on Paper“ in a Spreadsheet. Here’s a simple and effective way to create a budget for your business. 1. Start with Revenue. Work out your revenue projections by month for 2020.…

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Year-End is quickly approaching, let us help you prepare!

By Cheryl Blazej | Oct 21, 2019

As year-end approaches, smart business owners start looking at their accounting & financials in small pieces, with the goal of having everything ready for the CPA at year end. With that in mind, we’ve compiled a list of “Accounting Bites” – one per week from mid-October through mid-December. Follow our timeline below to help keep…

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What’s Your Score?

By Cheryl Blazej | Sep 12, 2019

Q.You hired a graphic designer to do a lot of work over the course of the year, paying them $2,250, through PayPal. Should you have a 1099 for the designer? A. NO.  You should record the payment in QB as having been made via PayPal, and QB will know to exclude the payment from a 1099.  It…

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Best Practices for Managing 1099s

By Cheryl Blazej | Sep 5, 2019

Know when a 1099 is needed Gather the information required  Ensure accuracy of information File on time  Confirm details every year When is a 1099 needed? Here is the IRS requirement (https://www.irs.gov/forms-pubs/about-form-1099-misc) File Form 1099-MISC for each person to whom you have paid during the year: at least $10 in royalties or broker payments in…

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Is He an Employee or a Contractor? Now’s the Time to be Sure.

By Cheryl Blazej | Aug 1, 2019

In February, Suzanne hired Philip to provide administrative help at $18/hour. She planned to let him work from home and set his own hours; to her, he was contract labor. Suzanne introduced him as her office manager and he begin to handle a lot of the client communication that happened during the business day. At…

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Saving Receipts… the process that feels like a waste of time. Until it isn’t.

By Cheryl Blazej | May 16, 2019

A $750 supply & equipment run at Office Depot nets you a lot of useful stuff and a receipt printed on thermal paper.  Three months later, you start having trouble with the printer you bought. You dutifully filed it away in your trusty receipt folder, but when you find it, it looks like this. The…

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Small Business Gotcha: Partnership with a Handshake

By Cheryl Blazej | May 12, 2017

New business owners have dozens of things to spend money on and will often skip over some of the things they don’t think they’ll need.  Consider this case of two best friends who decide to open a business together. The Scenario Bob and Joe have been best friends for 10+ years.  Bob is married and…

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Should Your Business Accept Credit Cards?

By Cheryl Blazej | May 12, 2017

For a small business, especially one just starting up, deciding to take credit cards is a big decision. Before you start shopping for the best service, consider how you’ll use it. What do you want your customers to do: use the credit card every time, or use it only as a last resort? If your…

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What kind of entrepreneur are you?

real-estate-investor
The Busy Kind

No drowning in receipts

counselors
Professional Designation

Maintain your focus

professional-athletes
Professional Athlete

We get it. It's different.

musicians
Artist

Stay true to you.

hair-and-makeup
Personal Service

Focus on talent

franchise
Franchise Owner

Data for decisions