Tag: Business Financing
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Common Errors in Tax Preparation
Mistakes can happen when you’re preparing your taxes, even with all the technological automation on hand. A good way to avoid the oversight is to keep a list of common errors that can happen when making your report. •Assuming the wrong due date•Confusion over the most advantageous filing status•Not claiming the Earned Income Tax Credit•Failing […]
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How to Increase Profits for Small Business
Running a small business is an adventure, and every journey comes with its own set of problems. According to a 2019 “Small Business Credit Survey” conducted by 12 Federal Reserve banks, while a slim majority of small businesses reported revenue gains in 2018, a whopping 73 percent reported an increase in operating costs as well, […]
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7 Smart Ways to Save Money as a Small Business
It can be difficult for small businesses to save money from the start. They don’t always have a lot of resources at their disposal when trying to get their startup off the ground. In their first year, small business owners reported spending more than twice as much as they had anticipated. Small costs and expenses may not […]
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Starting a business in 17 steps
Taking on that daring leap from an idea to starting a business takes courage and determination. It’s a big risk and can certainly be overwhelming but the fruit of your labor will be the sweetest when you have a taste. Every business owner knows that in order to make it out there, they would need […]
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Accounting Terms: Profit VS Profitability
Are they the same? What is the difference between Profitability and Profit? Two accounting terms that every business owner encounters. Although they may look similar, they are not entirely the same. Both are accounting metrics used in analyzing the financial success of a business. Accounting Terms Definition Don’t confuse the two accounting terms. Profit is […]
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Great tips to have a successful launch to your Startup
Launching a startup is one of the most exciting things anyone could do as a budding entrepreneur. The road to success as a small business owner is rough—but it is absolutely worth all the effort. Taking off from an idea and letting it grow into a company is difficult and is a struggle in itself. […]
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Accounting Reports for Your Small Business
Business owners rely on financial reports to monitor the company’s status and use it as a guide to make important operational decisions. As a small business owner, you should start asking which reports are most important and how often they should be created and compiled. See which reports are critical for when starting up your […]
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How to Manage Small Business Finances
Entrepreneurs and business owners want one thing—and that is to succeed. They have strong mindsets for running a business and have many goals to keep in mind as they operate. Although some of them may have a knack for numbers, others prefer focusing on other aspects of the business rather than spend too much time […]