Humble Roots Entrepreneur

As a rapidly growing business, Black Forest Consulting understands the anxiety that many small businesses experience when it comes to filing their taxes. The tax code in the United States, as well as constantly changing rules, make matters confusing. One of the simplest ways to tackle tax season and increase your profits is to make sure you're taking all of the tax deductions you're entitled to. Understanding which company expenses are deductible can help you avoid overpaying at tax time and drive your business decisions all year. BFC's mission is to assist business owners in achieving success at every stage of their journey. As a result, we've compiled a list of 24 write-offs that your company may be eligible for. Advertising and Marketing Advertising and marketing expenses for promoting your small business are deductible as long as the campaigns are designed to attract or retain customers. Here are some examples of qualifying advertising and marketing deductions: Cos...

“To expect the unexpected shows a thoroughly modern intellect.” - Oscar Wilde If the last few years have taught us anything, it's that preparation is key. This is particularly critical for businesses. Preparedness provides consistency, allowing companies to remain afloat and thrive even in the midst of a crisis. Having a business recovery or disaster recovery plan is an essential move for any organization when it comes to prevention, minimizing potential damages, and aiding in getting things back up and running.  While a global crisis like COVID-19 was an unprecedented issue that the world continues to face, cyber-attacks, natural disasters, hardware and software failures, and human error are all concerns that pose challenges to businesses. Surprisingly, according to SysGroup , 75 percent of small businesses do not have a business recovery plan in place. That's where we come in at Black Forest Consulting ! Our Business Recovery Specialist identifies recovery strategies to prese...

According to SCORE , a resource partner of the US Small Business Administration and mentors to America's small businesses, the number of small business formations reached new highs in 2021. In 2022, the trend of many people pursuing their ambition of starting their own business is projected to continue. However, according to data from the Small Business Administration , 55% of all new enterprises fail within the first five years. Implementing a clever cost-cutting procedure is an excellent way to avert your company's demise. Cost-cutting is usually connected with new enterprises or those that are failing. Established enterprises, on the other hand, can always benefit from increased margins. Each company is distinct and will face its own set of challenges when it comes to cost-cutting, but even the tiniest savings can add up over time. Our goal at Black Forest Consulting is to help passionate business owners exceed their own expectations. So, we've compiled a list of 7 trie...