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Technology David Lim Technology David Lim

Making The Transition To Apple Silicon

Apple is a year and a half into their two-year transition to Apple Silicon. With only the Mac Pro remaining in the current Mac product line to transition to Apple Silicon and the next generation Apple Silicon chip, M2, announced at WWDC 2022 with the first two Macs running on M2 - the MacBook Pro available now and the MacBook Air due out July 2022, now is a good time for businesses that rely on Macs (and are still using Intel-based Macs) to take proactive steps to ensure those businesses are ready to transition to Apple Silicon-based Macs when the time comes.

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Business David Lim Business David Lim

Before You Hire Interns

Most individuals seek internships to get their foot in the door, learn and gain first-hand, real world experience in their respective fields and industries. And yes, getting paid is a major plus too.

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Business David Lim Business David Lim

Professional Employer Organizations

While large businesses may have the resources to maintain their own in-house HR, payroll, & benefits teams, the same may not be true when it comes to small and mid-size businesses. Some small and mid-size businesses may opt to outsource some of these functions to a third-party (ex: payroll through a payroll company) or outsource the entire function by working with a Professional Employer Organization (PEO).

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Business David Lim Business David Lim

Renewing A Commercial Lease

So, your commercial lease is coming due and you are considering staying put and signing a lease renewal with the landlord. Before you have the lease drafted, think about the concessions you’ll want from the landlord in return for signing on for more years. It’s all about negotiating the best deal you can possibly get from the landlord!

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Business David Lim Business David Lim

Before You Sign That Commercial Lease

Finding commercial office space can be quite a challenge. While there’s certainly real estate available, finding the right office space that satisfies your business needs, fits your business vibe, is conveniently located, offers your business the flexibility to grow and which falls within your budget doesn’t necessarily come easy.

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Business David Lim Business David Lim

Are Physical Company Checks Necessary

Many companies keep physical company checks on hand for their business. However, with payment options like ACH, wires and online bill pay through your financial institution and a variety of other electronic payment options, is it necessary to have physical company checks?

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Business David Lim Business David Lim

How Do Business Owners Get Paid - Part 1

If you’ve decided to operate a business as yourself without forming a separate legal business entity, you might be thinking … well, the money flows right into my personal account so that’s how I get paid … while that’s certainly true, it’s not the ideal way to operate as a sole proprietor.

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Business David Lim Business David Lim

Business Formation Documents

When you form a new business, you will amass a collection of different business formation documents. Be sure to store the original documents in a safe place and keep copies so you have the documents readily available.

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Finance David Lim Finance David Lim

Reimbursable Employee Expenses

Generally, if an employee incurs legitimate business expenses on behalf of the company and pays for those expenses using their own money or a personal credit/charge card, the employee, subject to the company’s policy and its ownership or management’s approval, may submit a company expense report with the proper receipts/backup for reimbursement through the company.

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Finance David Lim Finance David Lim

Cash Flow Projections

A cash flow projection is another tool to help manage and monitor the financial health of your business and for fiscal year planning and budgeting. In a cash flow projection, you are projecting your potential monthly cash inflows and outflows.

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Finance David Lim Finance David Lim

Don’t Rob Peter To Pay Paul!

Steady cash flow is vital for any business but even more so if you’re an independent small business. After all, if you don’t have a steady cash flow, you can’t pay bills, employees or even yourself!

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Finance David Lim Finance David Lim

Financial Projections

Putting together financial projections for your business is a good exercise and tool for business owners to help manage and monitor the financial health of your business as well as for fiscal year business planning and budgeting.

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Finance David Lim Finance David Lim

Year-End Bonuses

Year-end bonuses can be a way to show appreciation to your employees for their passion, dedication, and hard work over the course of the year.

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