<img height="1" width="1" src="https://www.facebook.com/tr?id=1168427849921758&amp;ev=PageView &amp;noscript=1">

Salt Lake City Bookkeeping Blog

Leanne Armstrong

Recent Posts

Have You Structured Your Business to Optimize Growth?

Posted by Leanne Armstrong on Apr 17, 2019 9:00:00 AM

Scaling a small company can be challenging. But despite current politics and worker shortages, a record level of small U.S. businesses are reportedly growing their profits. Is yours one of them? If not, it may be because you’ve yet to structure your business to optimize growth.

Read More

Topics: Small Business Growth, Strategic Planning, Growth Coach

Boost Revenue, Cut Costs: The Psychology Behind Anchoring

Posted by Leanne Armstrong on Apr 10, 2019 9:00:00 AM

Because it can be applied to both pricing and negotiations, the anchoring bias has the potential to boost your company’s revenue and help you cut costs. Identify how anchoring works and you’ll be better positioned to charge more for your product or service, while paying less for your business expenses.

Read More

Topics: Grow Your Business, Growth Coach, Business Accountant, Pricing

Why You Should Be Using Personal Branding to Promote Your Business

Posted by Leanne Armstrong on Apr 3, 2019 9:00:00 AM

As far as your clients are concerned, you are your company. So doesn’t it make sense to capitalize on whatever it is you bring to the table? Making use of personal branding to promote your business is a great way to take a more active role in its direction and growth.

Read More

Topics: Marketing Small Business, Inbound Marketing, Branding, Growth Coach

From Open to Close: A Journey Through the Small Business Accounting Cycle

Posted by Leanne Armstrong on Mar 27, 2019 9:00:00 AM

From open to close, the accounting cycle is a series of steps that lets you collect and organize bookkeeping data in a way that clearly shows your company’s changing financial position. As a small business owner, you can benefit from a basic understanding of how the accounting cycle works, even if you don’t perform your own bookkeeping duties.

Read More

Topics: Small Business Growth, Bookkeeping Professional, Growth Coach, Profit Coach

Why Pursuing Perfectionism May Be Costing Your Business Money

Posted by Leanne Armstrong on Mar 20, 2019 9:00:00 AM

There’s an epidemic sweeping our nation, and its name is perfectionism. The last few decades, says social psychologist and perfectionism expert Thomas Curran, have seen a disturbing increase in our drive to be perfect in body, mind, and career. But the reality is that perfection is an impossible objective by definition – the compulsive pursuit of which can, among other things, compromise your health, your goals, and your company’s bottom line.

Read More

Topics: Business Efficiency, Scaling A Business, Delegating, Growth Coach

How to Simplify Your Small Business Tax Record Keeping

Posted by Leanne Armstrong on Mar 13, 2019 9:00:00 AM

Maintaining a complete and organized set of records for tax purposes is one of the most important aspects of your small business bookkeeping. Not only does it let you optimize tax deductions, it helps streamline the audit process and prevent costly tax penalties. Simplifying your business tax record keeping comes down to one fundamental task: gathering, documenting, filing, and reporting the right paperwork.

Read More

Topics: Tax Preparation For Year End, Tax Compliance, tax planning, Bookkeeping Service

Top Reasons to Stop Using a Personal Bank Account to Run Your Business

Posted by Leanne Armstrong on Mar 6, 2019 9:00:00 AM

Regardless of the size of your company, deciding to open a business bank account shouldn’t be a question of if, but a matter of when. In an ideal bookkeeping world, every company would open a business account before conducting their first commercial transaction. But if you’ve yet to separate your company’s payables and receivables from your personal bank account, it’s never too late to make that happen.

Read More

Topics: Personal Bookkeeping, Outsourced Bookkeeping, Bookkeeping Service

Need More Customers? Previous Buyers Hold Enormous Potential!

Posted by Leanne Armstrong on Feb 27, 2019 9:00:00 AM

More customers mean more sales, and an eventual increase in your profitability. But many business owners are so focused on going after fresh clients that they neglect the ones they’ve already managed to attract. Given that it typically costs five times more to acquire a new customer than it does to hang on to a current one, it can be well worth your while to explore the enormous income potential offered by previous buyers.

Read More

Topics: Small Business Sales, Growth Coach, Customer Relationship Management, Customer Experience

How to Organize Your Filing System for Improved Efficiency

Posted by Leanne Armstrong on Feb 20, 2019 9:00:00 AM

The goal of organizing your company’s digital filing system is to be able to find what you need, when you need it – even if it’s months or years from today. Whether you store files locally (on office desktops, laptops, or mobile devices), in the cloud, or with the help of a dedicated company server, good file management practices will save you time, money, and endless frustration.

Read More

Topics: Outsource Bookkeeping, Outsourced Accounting, Scaling A Business

How to Hang on to Great Talent

Posted by Leanne Armstrong on Feb 13, 2019 9:00:00 AM

Today’s labor market is the tightest in decades. And with millions of job openings across the nation, companies of all sizes are finding it difficult to attract and hang on to the talent they need. The quest for qualified staff is only expected to intensify going forward, leading experts to predict that business owners will have to ramp up their efforts to retain a solid and reliable workforce.

Read More

Topics: Scaling A Business, sourcing employees, talent acquisition, employee engagement