As you probably know, the month of March is set apart to celebrate the many accomplishments of women throughout history. More than ever, women are being brought to the spotlight for all of their strengths and contributions to society. One area that women are making a big wave is in the world of small business owners. More than ever, women are owning and operating their own businesses successfully. Mark Dicus & Company is here to talk about how women are making a difference in small businesses.
Why are Small Businesses Important to Our Country?
In the US, small businesses are an important part of having a thriving economy. The money that these businesses generate stays in the community and helps them to thrive. Believe it or not, women-owned small businesses make up a third of the small businesses found in the US. That is far more than ever before. In fact, 4 out of 10 small businesses that are generating $1.8 million are owned by women. The Small Business Administration (SBA) reported in 2021 that there are $1.1 million businesses that are owned by women. Their businesses employ 20% of all employer firms. It is worth noting that most businesses owned by women are small. They usually have between 1 and 4 employees working for them. Still, the impact that women are having on the workforce is incredible.
Celebrate Women’s History Month By Supporting Women-Owned Businesses
One of the best ways that you can support women that own their own small business is to buy from them. Support their business. Be more conscious of the things that you are purchasing or the services that you find yourself in need of. Seek out businesses that are owned by women and give them the support to keep them going.
Importance of Bookkeeping for Women-Owned Small Businesses
One of the best ways to keep your business thriving as a women-owned business is to make sure your bookkeeping is in order. Here are the reasons it is vital to your business.
– You don’t want to miss out on potential tax deductions. When your bookkeeping is slow and inconsistent, things can fall through the cracks.
– You are more equipped and informed when your books are in order. You will be ready when tax season rolls around.
– You can avoid an audit by the IRS. No one wants to deal with that kind of stress.
– You will have improved financial analysis and management. You will be able to more effectively analyze and manage your cash flow which is vital to your success.
Tax Filing, Bookkeepers, Accountants & More in Summerlin, North LV, Henderson, Lone Mountain Village & Greater Las Vegas, Nevada
If you’re having a difficult time staying on top of your bookkeeping, you can turn to Mark Dicus & Company to help you keep it all straight. We take the stress out of bookkeeping for you so that you can focus on other areas of your business. It is our goal to help you succeed. Call us today!