New Year’s resolutions are often top of mind this time of year; some will stick – but many won’t. Try not to beat yourself up about it. There’s always next year, after all. However, your personal budget is one area where you should keep your resolutions from slipping. While it’s true that there’s also next year when it comes to your financial goals, putting it off has real consequences that… Read more
Businesses tend to progress more consistently if the owner sets financial goals and makes a plan to achieve them. The new year is a natural time to decide what you want to achieve and how. With that in mind, read on to learn the steps for setting financial goals for your business for 2023. 1. Review and evaluate your 2022 goals You’ve got to see where you’re coming from to… Read more
There are plenty of bookkeeping and accounting firms out there – but not all are created equal. How they use technology sets some apart from the rest. When choosing your bookkeeper, hire one that understands the power of technology – namely, cloud accounting. With the right tools and the support of a great team, you can make your life easier and boost your business at the same time. Here’s how… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Fed hints that it may soon slow interest rate hikes Federal Reserve Vice Chair Lael Brainard indicated Monday that the central bank could soon ease up on its aggressive interest rate hikes, saying that it may soon be appropriate to move to a slower pace. Stock market steadies as… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. The Dow Jones had a really great October The Dow tumbled a bit on October 31, but despite that was still up 14% for the month. That means it had its best monthly gain since January 1976. Most people have stopped making retirement contributions A new report from Allianz… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Stock markets start the week strong All three major indexes were up on Monday – a welcome change from the volatile conditions of recent months. Investors seem optimistic as we await earnings calls, with numbers from big tech firms expected later this week. Goldman Sachs fears “accidental recession” Goldman… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Government tries to help those left out of student loan forgiveness The Education Department is exploring strategies to do something to help the nearly 5 million people whose student loan debt forgiveness was “overlooked”. Former students who borrowed under the FFEL program are excluded from the loan forgiveness program,… Read more
There are many reasons why bookkeeping is important for any business, but creative business owners may find they struggle with this critical task. After all, there’s a lot to do in a day, and staring at long lines of numbers may not be at the top of your “ideal activities” list. But bookkeeping doesn’t have to be scary. There are some simple things you can do to take the pain… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Stock futures flat after modest gains Opening another uncertain week, stock futures were flat after modest gains on Monday. Energy and financials initially dragged markets down, but later in the day, consumer staples, communication services and consumer discretionary stocks rallied. IRS announces interest rate increases that will apply to… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Payrolls increase in July The Bureau of Labor Statistics reported on Friday that hiring in July was far better than expected, with payrolls increasing by 528,000. The surprising number is a sign of strength for the jobs market. Workers in only two industries making wages in line with rising… Read more
Hopefully when you start your small business in Michigan, you have money coming in and going out. It doesn’t take long for most business owners to realize that tracking the flow of money takes up a lot of time and energy. Large companies often have in-house accountants doing all that work for them, but a small business doesn’t have that luxury. That’s where cloud-based bookkeeping comes in. It’s a huge… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Gold makes steady gains early in the week A weaker dollar and a dip in US Treasury yields boosted demand for gold on Tuesday amid mounting worries of an economic slowdown. American manufacturing rates slip New numbers from the Institute for Supply Management show that manufacturing pace dipped in… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Social media shares tumble, but traders feel optimistic Stocks wobbled last week as investors digested new corporate earnings information. Social media companies took the brunt of the fall, with disappointing results announced all around. Twitter blames Musk for value drop Twitter shares were down last week as results missed… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Apple leads the stock market down U.S. stocks fell sharply into the final hour of trading Monday . News that Apple plans to curb spending next year to prepare for a possible recession seemingly had a major effect on other stocks. Delta buys a hundred Boeing 737 Max 10’s… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Twitter set to sue Elon Musk Twitter and Elon Musk are set to go to court, after the social media giant vowed to sue Musk over backing out of the $44 billion buyout deal. Stock markets open low U.S. stocks fell at the beginning of the week as investors… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Stock futures show signs of picking up this week Stock futures inched higher at the beginning of this shortened holiday week. This was welcome news from analysts, after coming off of another weak finish on Friday. Thousands of flights canceled over holiday weekend Travelers showed up in record numbers… Read more
Setting up your business and getting started is definitely an exciting time for any Michigan small business owner. When you have a great business idea, or are passionate about something, it’s easy to get carried away with big ideas and forget about what you need to do to make them happen. But, it’s important to take your time and make a complete budget first. The survival of your business depends… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Exxon CEO predicts every car sold will be electric by 2040 Darren Woods said during an interview last week that the bold prediction is not a threat to Exxon’s business. He stated that even with the change, oil demand would only drop down to 2013-2014 levels, which was still… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. After bad end to last week, stock futures see slight improvement The stock market showed hints of improvement on Monday. Emerging after last week’s freefall, investors questioned if last week’s selloff had gone far enough to price in concerns about rising rates and slowing growth. Gas prices ease a… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Jan. 6 hearing continues to dominate headlines Politico has provided a summary of the second hearing, which took place on Monday. It can be found here. Recession fears loom after Wall Street plunge The S&P 500 sunk more than 20% below its record low on Monday, falling firmly into… Read more