Yikes! This is a tough one and pretty common among busy business owners who find themselves wearing hats they did not expect when they first opened their doors.

I have heard several clients say, “It’s a write off!” when talking about a meal receipt. Unfortunately, that is not necessarily true. The IRS has a few rules and regulations around business meals all business owners should be aware of before being too quick to add it to your statement.

You know you need a bookkeeper but are nervous about hiring one. Whether it be an employee or a contracted bookkeeper.

We’ve all heard that cash flow is king. It’s true. If you don’t have cash flow, your business can become stagnant. You could even lose your business. We all go into business knowing that we have a good plan or idea but there can be unforeseen stumbling blocks that can derail our plan quickly.

You have a great product or service! Why not get some government money? If you haven’t already, you need to sign up to be a vendor with your borough!

We are all hopeful that we will stay open for business and make enough to survive through this pandemic. However, there is a chance we could be shut down again. Now is the time, if you haven’t already done it, to plan a pivot in case we are shut down.

Well Alaska, it does not look like the tourism industry is going to pick up. I know we were all hoping Covid-19 would disappear so we could, at least partially, reclaim our summer. I know there are a lot of Alaskan businesses that are afraid of the coming winter as the summer is what carries us through. There are still some options for assistance so don’t give up yet.

As we all know, Alaskans are survivors. We have all weathered different types of storms and are still standing. That being said, these are new and uncertain times. Many small Alaskan businesses have already closed their doors due to the loss of income during this pandemic. Other businesses are barely hanging on.