The key to running a successful small business lies in effective planning and financial management. Financial ratios are helpful in deciphering mass amounts of numbers that may seem meaningless and too abstract to interpret as they stand. Generating analyses of these numbers can establish trends over a period of time and show a comprehensive outlook of your business’ financial state. The use of ratios is at the center of how businesses gain insight on how to move forward with

Home Office Usage If you use a part of your home for business purposes, then you are in luck! The IRS allows the deduction of expenses for business-related usages of the home. This deduction is available to both homeowners and renters and applies to all types of homes. A couple options exist that vary in their complexity as it relates to the home office usage deduction as well as particular requirements that must be met for a home office to qualify. Requirements Regular and e