New Business Directions

🚨 Inventory mistakes are costing your business money! 🚨 Too little stock? You’re missing sales and disappointing customers. Too much stock? You’re tying up cash and risking waste. Finding the right balance is key to profitability & cash flow. Real-time tracking & smart purchasing strategies can help. Learn more at our latest blog post:

#Intuit is rolling out some #newfeatures with the latest version of QuickBooks Desktop Enterprise Solutions. Here's what you need to know: - You can record and track customer #prepayments on estimates and sales orders to streamline cash flow and apply them seamlessly when estimates convert to invoices. - The #TurnoverReport allows you to use key metrics like Turnover Ratio and Turnover Days to optimize inventory performance and maintain the right balance for expanding your business. - You'll be able to get orders to customers faster and track products purchased more efficiently by linking sales orders to purchase orders. - #InventoryReport enhancements will give you inventory details at a granular level, including expiration dates, lot and category specifics, and landed costs, to better manage your expanding product lines. Curious about how these new features could benefit your scaling business in 2025? Reach out to us at: https://lnkd.in/eHbR8uYF

We're excited to welcome Katarina Thornton to the New Business Directions team as our new Executive Assistant! Since joining us, Katarina has been a key player in behind-the-scenes support, streamlining our processes and helping us swiftly meet the needs of our customers. Katarina comes from Slovakia, where she earned her Master’s Degree in Marketing Management from Comenius University in Bratislava. She now lives in New Hampshire with her family, and joined our team in 2024 as an Executive Assistant. In her spare time, Katarina enjoys traveling and cooking, but most importantly spending her time with her baby son Oliver. Welcome to the dream team, Katarina!

We are excited to share that Rhonda Rosand, CPA and Founder of New Business Directions, LLC, is featured in Insightful Accountant's Top ProAdvisor Profiles! Read Rhonda's interview here: https://loom.ly/6JSiDJw

While arriving at a price point for the products and services you offer depends on factors specific to your niche and industry, there are 5 key pricing strategies that can be useful to consider when reviewing your business model: 1️⃣ time and materials pricing 2️⃣ cost-plus pricing 3️⃣ market pricing 4️⃣ target pricing 5️⃣ value pricing Dive into each one here: https://lnkd.in/eZVxarHf --- #PricingMethods #AskAnAccountant #PricingModel #PricingStrategy

Happy Holidays to our New Business Directions family! 🌟 As the year winds down here in beautiful North Conway, we find ourselves reflecting on what truly makes this season special: gratitude, connection, and community. This year has reminded us once again how fortunate we are to work alongside such incredible people—both in our office and beyond. Whether you’re preparing for growth, refining systems, or evaluating how you can turn a greater profit in 2025, we are here—enthusiastically—whenever you need us. Wishing you and your loved ones a holiday season full of peace, joy, and connection—here’s to living your dreams in 2025.

🔎 Who needs a 1099-MISC? Let’s break it down! If your business paid: ✅ $600+ in rent, prizes, or awards ✅ $10+ in royalties …then you’re required to issue a 1099-MISC to the recipient. Examples include: 👉 Paying rent to a landlord 👉 Giving out prize money or awards 👉 Sending royalties for creative works 💡Pro Tip: Always collect a W-9 upfront to have their tax details ready when it’s time to file!

📅 Mark Your Calendar! The 2025 deadline for 1099-NEC filings is Friday, January 31, 2025. You must: ✅ Send copies to your contractors ✅ File with the IRS. Our Tip 👉 Collect W-9s NOW to avoid scrambling for tax info later. 🔍 Need help navigating your 1099-NEC requirements? Check out our most recent article: https://loom.ly/zpotelM

💡 Did you pay a contractor $600+ in 2024? If so, you need to file Form 1099-NEC by January 31, 2025. This includes payments to service providers, attorneys, and more! Pro tip: Always collect a W-9 to get their tax info—no matter their business structure. 🔑 Stay compliant and stress-free this tax season! 👉 Questions? Check out our latest article for more info: https://loom.ly/zpotelM #TaxTips #AskAnAccountant #TaxDeadlines

On behalf of the entire team at New Business Directions, we hope you and your teams, friends, and family have a wonderful Thanksgiving weekend. We are so grateful for your business! #Thanksgiving2024