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Company: Haworth & Company, Ltd. Name: Gary T. Haworth, CPA URL: http://www.haworthco.com Phone: (507) 288-0090 Address: 1903 South Broadway, Rochester ,MN 55904
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Our member accountants, tax specialists and practitioners are always looking for new ways to share their knowledge and help clients better understand the sometimes confusing world of small business finance.

 

Why Worry About Accounting?

Understanding how your business functions financially is often one of the most overlooked yet important functions of being in business.  Beyond the necessity of cashflow and understanding where your money is going each month, is the critical matter of being able to adequately represent your business' financial viability for creditors, vendors, bankers and even potential investors.  That's why it’s important that you have an accurate representation of income with

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Running a Home-Based Business and Lovin' It

Man Working-at-homeFor many entrepreneurs, starting a small business often begins at the kitchen table.  Whether it’s just the initial formation stages or for several years as the business launches and gains a foothold in the market, a home-based business can be a cost-effective and simple way to build a company.

Home-based Business Start-up Checklist

 

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Dealing Successfully With A Tax Audit



Imagine if today’s mail brought a letter from the IRS advising you that you or your small business are being audited. What would you do? Please bear in mind that a notice to appear before an IRS examiner is not a presumption that the IRS wants to challenge a deduction or deductions that you’ve taken. It generally means that the government wants to know more about the deductions you claimed or the income you didn’t claim.

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Why Do Businesses Fail?

Small Business ClosuresRecent surveys show that the survival rate of new businesses average about 20% over a five-year period. In other words, if you start 100 new businesses today, 20 of them will still be in business five years from today. The other 80 will have gone out of business sometime during that five-year period. These are generally well-known statistics.

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