OSYB Blog: Number Crunch!
News and Views from OutSource Your Books, LLC
Setting Pricing is Key
February 13, 2020 by OSYB Staff
What do you know about pricing and it’s importance, beyond setting a price that covers costs and adds profit to your product or service? Knowing how to price also means that you know your customer, the best chosen price sells your product, reveals your business story to the customer, and becomes a guide to choose […]
Are Your Marketing and Sales Teams Collaborating?
February 11, 2020 by OSYB Staff
How can sales teams utilize content marketing to push for higher sales revenue? “According to Sirius Decisions, a global B2B research and advisory firm, 65 percent of B2B content goes unused. ” One of the reasons being that the sales and the marketing team do not collaborate as much as they should, and information is not shared and may […]
Need Cash for Your Business?
February 6, 2020 by OSYB Staff
Your small business is open and it’s doing well but you need a steady cash flow and could use some extra financing, where do you go? Inc.com shares 5 common sources that you can apply for: Business Credit Card available to startups often uses an applicant’s personal credit scores will even allow income from sources […]
Prepare for a Successful Sales Tax Audit (Part 2)
February 4, 2020 by OSYB Staff
You have received a sales tax audit notice and you already have put into action your pre-audit steps. Here is what Intuit Quickbooks shares as to what to do on receipt of the audit notice: Contact the auditors and schedule an initial audit conference. Make sure that all correspondence is properly documented and that all […]
Prepare for a Successful Sales Tax Audit (Part 1)
January 30, 2020 by OSYB Staff
At some point or another, it is possible that you will be audited by the Internal Revenue Service (IRS) on the collection and remittance of the appropriate sales tax. It may be a good idea to be prepared way in advance and have a good system in place. Intuit QuickBooks shares some pre-audit tips: Make […]
How to Hire and Retain the Best Employees
January 28, 2020 by OSYB Staff
Your employees are one of your most important assets. Hiring and retaining the best employees should be a high priority in your business model. Inc. com shares what some of the smartest leaders do to bring on the best and brightest and keep them on your team. Here are some of the strategies you should […]
Tax Tips for Savings
January 23, 2020 by OSYB Staff
Vinay Navani, of Merrill, shares some ideas and questions for you to ask your tax professional and possibly save some money on your taxes this year: Is itemizing still the best way for you? In 2019, standard deduction rose to $24,400 for married couples filing jointly and $12,200 for single filers, while itemized deductions have […]
Keeping Tabs on Overhead Costs
January 21, 2020 by OSYB Staff
Overhead costs are expenses and costs that are not directly related to creating products or services but are paid with regularity to keep the business operational regardless of how the business is doing. Here are some examples of overhead costs: rent and utilities repairs and maintenance insurance office supplies accounting taxes salaries for administrative employees […]
