Business Book Summaries – Mirex Marketing

The Business Book Summaries of the Mirex Marketing blog offers summaries of effective business books for the busy business owner.

Accounting Month Conclusion and More Resources to Learn Small Business Accounting, Bookkeeping and Tax Savings

Since 9/15, this blog (which primarily focuses on marketing but has a lot of other info related to business) has had near-daily posts on small business accounting, bookkeeping and tax savings for Accounting Month. These posts are intended to help business owners, business managers, small businesses and start-ups improve their accounting procedures and maximize their tax reductions. Non-marketing business advice is sometimes included on this blog because we care about seeing your business succeed and we want to provide information...

September 30, 2014By Mirex MarketingBusiness Book Summaries, Small Business Management, Start-Up Edaccounting basics, accounting principles, accounting softwware, beginners accounting, buisness taxes, business tax savings, how to, how to do bookkeeping, legal tax savings, small business accounting, small business management, step by step, tax free, zero taxes0 CommentsRead more...

Sources of Finanical Information on Small Businesses

A previous post on this blog for Accounting Month described the relationship between the business financials and the business plan. For business owners, business managers and future business owners who are starting a business, or for anyone who needs to make financial projections, it helps to do research when you actually know where to look for the information. If you don't know where to look for the information, then it is super difficult to complete a business plan or research...

September 29, 2014By Mirex MarketingAccounting Tips, Business Book Summaries, Business Tips, Small Business Management, Start-Up Edbusiness financial information, business plan, business research, how to do research on small businesses, small business accounting, small business management, small business start up, sources of financial information, start up advice1 CommentRead more...

nolo tax savvy for small business by Frederick Daily and Jeffery Quinn

How to Deduct Vehicle Expenses for Small Business Owners

Vehicle expenses are one of the largest expenses for businesses who own vehicles and one of the biggest deductions you can claim on your taxes as a small business owner. This article will give you all the actionable information you need, summarized from the book, Tax Savvy for Small Business by Frederick and Quinn. Follow these steps to deduct vehicle expenses from your small business taxes. Step 1: Keep a mileage log to record vehicle use. You'll need this data when...

September 27, 2014By Mirex MarketingAccounting Tips, Business Book Summaries, Business Tips, Small Business Management, Start-Up EdHow to Deduct Vehicle Expenses for Small Business Owners, how to deduct vehicle expenses from taxes, small buisness taxes, small business management, small business taxes, start up ed, start up education, tax deductions, tax free, tax savings, taxes, vehicle expenses, vehicle tax deduction0 CommentsRead more...

29 Tax Deductions for Businesses (the most common)

"There is nothing sinister in arranging one's affairs as to keep taxes as low as possible . . . for nobody owes any public duty to pay more than the law demands." - Judge Learned Hand. The tax deductions that come with owning a business are one of the biggest motivations for owning a business. Taxes are calculated based on the business' income after expenses (recall the income statement). It's also a progressive tax, meaning the more you make, the more...

September 26, 2014By Mirex MarketingAccounting Tips, Business Book Summaries, Business Tips, Small Business Management, Start-Up Edlegal tax savings, small buisness taxes, small business accounting, small business management, tax deductions, tax deductions for business owners, tax reduction, tax savings, taxes for business owners0 CommentsRead more...

3 Business Financials: The Balance Sheet, The Income Statement and The Cash Flow Statement.

There are a few financial statements which help to portray the financial and economic condition of a business. Yet, there are three main ones which were introduced in the previous post 40 Basic Accounting Principles. The main 3 Business Financials are the balance sheet, the income statement, and the cash flow statement. These are the top financials that business owners, business managers, and lending institutions look at. The following explains what these financials are, what they might look like and...

September 20, 2014By Mirex MarketingAccounting Tips, Business Book Summaries, Business Tips, Small Business Management, Start-Up Ed3 financial statements, 3 main business financials, accounting education, balance sheet, business financials, cash flow statement, financial statements, how to do accounting, how to do bookkeeping, how to measure the economic condition of a business, how to measure the financial condition of a business, income statement, small buisness bookkeeping, small business accounting, small business management, start up education, three financial statements2 CommentsRead more...

65 Accounting Terms and Definitions

The following 65 Accounting Terms and Definitions are meant to supplement the previous two posts on basic accounting principles: 40 Basic Accounting Principles and Costs of Goods Sold - Additional Principles. Current and future business owners will want to read those posts and understand them thoroughly in order to move on this month with future accounting posts that are related to bookkeeping and tax savings. This post is mostly for reference and it's a great one to bookmark for future...

September 18, 2014By Mirex MarketingAccounting Tips, Business Book Summaries, Business Tips, Small Business Management, Start-Up Edaccounting basics, accounting for businesses with inventory, accounting principles, balance sheet, basic accounting principles, business accounting, business financials, cash flow statement, cost of goods sold, cost of goods sold formula, FIFO, first in first out, gross margin, gross profit, gross revenue, how to do accounting for small business, income statement, invetory accounting, last in first out, LIFO, lower cost or market value, periodic method, perpetual method, small business accounting, small business management, start up education0 CommentsRead more...

Costs of Goods Sold – Additional Accounting Principles that Businesses With Inventory must know

If you own (or plan to own) a service business that does not sell any products or goods, then the previous blog post is sufficient for your business: 40 Basic Accounting Principles that you must know to understand Small Business Accounting. However, if your business sells products or goods and you're one of many businesses with inventory, then you need to know some additional information on costs of goods sold (COGS). Since the article on the three business financials has not...

September 17, 2014By Mirex MarketingAccounting Tips, Business Book Summaries, Business Tips, Small Business Management, Start-Up Edaccounting basics, accounting for businesses with inventory, accounting principles, balance sheet, basic accounting principles, business accounting, cost of goods sold, cost of goods sold formula, FIFO, first in first out, gross margin, gross profit, gross revenue, how to do accounting for small business, income statement, invetory accounting, last in first out, LIFO, lower cost or market value, periodic method, perpetual method, small business accounting, small business management, start up education1 CommentRead more...

40 Basic Accounting Principles that you need to know to understand Small Business Accounting

Business owners need to know general accounting principles before they can move on to more complicated accounting practices. The following are the 40 Basic Accounting Principles that you must know to understand small business accounting: The guidelines that accountants and businesses use to practice accounting are called Generally Accepted Accounting Principles (GAAP). GAAPs are adapted, changed and updated by the Financial Accounting Standards Board (FASB). The Securities and Exchange Commission (SEC) also has authority to change the rules, but they...

September 16, 2014By Mirex MarketingAccounting Tips, Business Book Summaries, Business Tips, Small Business Management, Start-Up Ed40 accounting principles, 40 basic accounting principles, 40 Basic Accounting Principles that you need to know to understand Small Business Accounting, accounting, accounting basics, accounting formula, accounting principles, how to do accounting, how to do bookkeeping, how to start a business, small buisness management, small business accounting, start-up education, what do I need to know about accounting, what does a small business owner need to know about accounting6 CommentsRead more...