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Q3 Check-In for 2023
And just like that, 2023 is halfway over - which means the 2023 tax year is just around the corner. At Encurio, we always recommend being as prepared as possible. Here’s our Q3 check-in recommendations for small businesses, to make sure you’re on the right track for success! 1. 2023 Goals and Business Plan With the half the year gone, now is a great time to reflect back on your annual plan. Take a look at the goals you established earlier in the year. How is your business tracking with those...
Renting vs. Buying
The housing market is a concern for everyone these days. Rental prices are fluctuating and the cost of buying a house may seem almost insurmountable, depending on where you live. Deciding on housing is a heavy question - but here are some of the factors to consider in renting vs. buying. The Personality Factor Are you always on the move? Do you love a change of scenery? Is going out and exploring your city a priority for you? Is “home” more of a place to rest your head than a place you go to...
What is thought partnership?
At Encurio, we believe in thought partnership. But what is thought partnership? To put it simply, thought partnership is the concept of partnering with our clients to think through factors that effect large financial decisions. This ranges from common problems to more complex factors. You don’t have to make huge decisions alone! Why Is Thought Partnership Important? As a business owner, you’re spinning a lot of plates. You’re responsible for internal factors (like payroll processes) and...
What does your accountant do?
Handling your finances can be hard, especially for small business owners - and that’s why it’s important to find an accountant who can help you understand the ins and outs. But what does your accountant DO? Analyze Does looking at your books make your head spin? Can you keep track of the numbers, but you aren’t really sure what they all mean or what context you should be using to examine them? That’s okay! It’s not your expertise - but it is your accountant’s. Your accountant’s job is to make...
Encurio Summer Session 2023
At Encurio, we have a hybrid team of professionals scattered across the US! This June, we had our first opportunity to gather all together for our Summer Session. Welcome to the Office! Thursday was a travel day for all our out-of-towners. Whitney flew in from Texas and spent the day with us in the office! As an office of foodies, we took the opportunity to treat her to some of our favorite local tacos. Suzanne, our newest teammate, arrived just in time to make an ice cream run at Thriftys....
Starting a Business During Hard Economic Times – Yes or No?
You’re thinking of starting a business - but you’re also aware of the current economic climate. Current reports vary, but the majority seem to believe that the likelihood of a recession in the next year is high. For potential business owner this begs the question: is starting a business during hard economic times a good idea? Here are a few factors to consider. Hard Economic Times Favor Different Services What service or product are you offering? During difficult economic times, customers are...
When to Trust Your Gut
You’re probably familiar with the phrase “trust your gut.” But is trusting your gut good for your business? The answer is - sometimes! But it’s not always that simple. Trust Your Gut - Then What? Did you start your business because you had a gut feeling that YOU could provide the best version of your service or product? Did you see an empty space in the market and just KNOW that you could fill that gap? Often business owners pursue their business based on instinct - and that’s okay! But what...
What to Ask Your New Accountant
Choosing a new accountant can be difficult. Knowing what to ask is key to finding the right accountant for you. Here are the top three questions we think you should ask your new accountant. What Type of Planning and Consulting Do You Offer? Everyone needs something a little different from their accountant. There are standard services you may expect, like tax preparation or accounting for your business. Asking what services they provide will help you figure out if their services align with your...
Why You Should Start Outsourcing Accounts Receivable
Does it take ages for you to get to invoicing your clients? Are you having trouble communicating expectations with clients? Do you feel like your receivables are getting out of hand? It may be time to think about outsourcing accounts receivable. There are many reasons outsourcing is beneficial (read about those benefits here), but let’s dive into why accounts receivable may be the help you need most. What Is Accounts Receivable? Accounts receivable (also known as AR or just “receivables”) are...