Tag: small business financing
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Reasons Why Your Business Needs an Accountant
Do you ever think your business needs an accountant? There is a high percentage of small business owners shutting down after just a year of operation and most of the time it is due to making wrong financial decisions. Most small business owners don’t hire an accountant so they take on all the financial responsibility […]
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Guide to Tax Returns for Small Business Owners
Tax season may come as a challenge if you’re a small business owner and most will find it to be such a headache. If this is your first tax season, you will need to check out this guide to tax returns. Prepare your documents to be filed accurately and in a timely manner so that […]
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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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Three Helpful Invoicing Tips for Business Owners
Invoicing is a common difficulty for small businesses, especially when they first start out. Late invoices can drain cash flow and reduce profit margins that are already tight. It is, however, avoidable. These three Invoicing tips can assist you in effectively sending and receiving payments on schedule. Setting up solid systems for dealing with late […]
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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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The Basics of Small Business Accounting
On its most basic level, accounting is how a business keeps track of how much money is coming in and going out. Small business accounting involves the process of tracking, recording, and analyzing the financial transactions of your business. It translates numbers into a comprehensible statement about the profitability of your business. If you’re a startup company […]
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Payroll Guide for Small Business Owners
Payroll is the business process of paying employees. Running payroll consists of calculating employee earnings and factoring out federal and state payroll taxes. As a small business owner with employees, you need to know how to do payroll. This payroll guidewill make sure that you’re paying wages properly and stay in line with US tax […]
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Invoicing Mistakes to Avoid
Keeping a record of your sales is important especially when it’s time to make your financial reports. Staying up to date and organized with your invoices will show you how your business is growing and can even strengthen the relationship you have with your clients. When you run a business, there are mistakes to avoid […]
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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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Helpful tips when launching your own business
Got plans to start something new? You’ll need to check out these helpful tips when launching your own business. It’s essential that you plan out your business before you even start it. Make sure all the documents and your offer will be something that stands out. Opportunities arise at many occasions and grasping that opportunity […]