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  • cash flow projection woman pondering in front of chalkboard

    How to Create a Cash Flow Projection

    posted by Mike Kappel
    Recent Article
  • Learn How to Calculate Sales Tax to Meet Your Small Business Requirements

    For many businesses, collecting sales tax is a mandatory part of selling goods and providing services. After collecting sales tax from customers, you are responsible for remitting the tax to your state or local government. But before you start collecting, you need to know how to calculate sales tax.

    Figuring sales tax rates can be complicated due to tricky sales tax laws. Once you determine the rate at which you need to collect, calculating sales tax is relatively simple.

    Below, learn what sales tax is, which states have the tax, and how to find sales tax.

    How to Create a Cash Flow Projection

    Your cash flow can tell you how your business is doing. You can see how much money is going through your business.

    Wouldn’t it be nice if you could see what your cash flow might be like in the future? You can with a cash flow projection.

    What Is a Sales Tax Holiday?

    When you sell certain items, you must collect and remit sales tax. The government requires you to charge customers sales tax at the point of sale. But, some states have created sales tax holidays to give you and your customers a temporary break.

    During a sales tax holiday, you do not collect sales tax. This period could be a tax-free day, weekend, or an entire week depending on the state you operate in.

    Book Value vs. Market Value

    As a business owner, you have many types of assets. Knowing how much your assets are worth is necessary for properly creating financial statements, obtaining outside financing, and selling your property.

    But, assets don’t retain the same value throughout their life cycle. You need to know the difference between book value vs. market value to know the accurate worth of your business and its assets.

    What Drives Are Tax-Deductible?

    If you’re a small business owner, you can deduct your mileage on taxes as a business expense. But, make sure you’re following the rules about what drives you can deduct. Here’s what every small business owner should know about deductible business mileage.

    Business Owner Responsibilities You Can Manage: Financial Tasks

    Managing accounting is just one of your business owner responsibilities. But for many, it can be overwhelming and nerve-racking. Your first instinct might be to outsource all your accounting tasks to an accountant. However, there are many financial tasks you can, and should, manage on your own.

    5 Employee Theft Prevention Tips

    Of course, you want to trust the people you hire to work at your small business. But sometimes, you get a bad apple.

    Employees might steal money, goods, and knowledge from your business. You need to implement employee theft prevention strategies before fraud starts.

    Below we’ll look at types of employee theft, followed by employee theft prevention tips.

    How to Decide Between Pitching to a Venture Capitalist vs. Angel Investor

    Getting funding for your business is no walk in the park, especially if you’re just starting up. But in order to keep your business dream alive, you need capital.

    Depending on what stage your business is in, you might seek funding from a venture capitalist (VC) or angel investor. Learn the difference between venture capitalist vs. angel investor to decide which to pursue.

    Why You Need to Take the Home Office Tax Deduction and How to Do It

    Overhead costs and tax liabilities can add up pretty quickly, even if you work from home. If you haven’t heard about or taken advantage of the home office tax deduction, you could be missing out on a great way to reduce your tax liability.

    The home office deduction isn’t for everyone who works from home, though. Find out who can claim home business deductions, how much you can claim, recordkeeping requirements, what forms you need to file, and more.

    What Does Self-employed Mean?

    You run your own business, but are you considered self-employed? The definition of self-employment can be confusing.

    What does self-employment mean? Find out below.

    Learn How to Calculate Sales Tax to Meet Your Small Business Requirements

    For many businesses, collecting sales tax is a mandatory part of selling goods and providing services. After collecting sales tax from customers, you are responsible for remitting the tax to your state or local government. But before you start collecting, you need to know how to calculate sales tax.

    Figuring sales tax rates can be complicated due to tricky sales tax laws. Once you determine the rate at which you need to collect, calculating sales tax is relatively simple.

    Below, learn what sales tax is, which states have the tax, and how to find sales tax.

    How to Create a Cash Flow Projection

    Your cash flow can tell you how your business is doing. You can see how much money is going through your business.

    Wouldn’t it be nice if you could see what your cash flow might be like in the future? You can with a cash flow projection.

    What Is a Sales Tax Holiday?

    When you sell certain items, you must collect and remit sales tax. The government requires you to charge customers sales tax at the point of sale. But, some states have created sales tax holidays to give you and your customers a temporary break.

    During a sales tax holiday, you do not collect sales tax. This period could be a tax-free day, weekend, or an entire week depending on the state you operate in.

    Book Value vs. Market Value

    As a business owner, you have many types of assets. Knowing how much your assets are worth is necessary for properly creating financial statements, obtaining outside financing, and selling your property.

    But, assets don’t retain the same value throughout their life cycle. You need to know the difference between book value vs. market value to know the accurate worth of your business and its assets.

    What Drives Are Tax-Deductible?

    If you’re a small business owner, you can deduct your mileage on taxes as a business expense. But, make sure you’re following the rules about what drives you can deduct. Here’s what every small business owner should know about deductible business mileage.

    Business Owner Responsibilities You Can Manage: Financial Tasks

    Managing accounting is just one of your business owner responsibilities. But for many, it can be overwhelming and nerve-racking. Your first instinct might be to outsource all your accounting tasks to an accountant. However, there are many financial tasks you can, and should, manage on your own.

    5 Employee Theft Prevention Tips

    Of course, you want to trust the people you hire to work at your small business. But sometimes, you get a bad apple.

    Employees might steal money, goods, and knowledge from your business. You need to implement employee theft prevention strategies before fraud starts.

    Below we’ll look at types of employee theft, followed by employee theft prevention tips.

    How to Decide Between Pitching to a Venture Capitalist vs. Angel Investor

    Getting funding for your business is no walk in the park, especially if you’re just starting up. But in order to keep your business dream alive, you need capital.

    Depending on what stage your business is in, you might seek funding from a venture capitalist (VC) or angel investor. Learn the difference between venture capitalist vs. angel investor to decide which to pursue.

    Why You Need to Take the Home Office Tax Deduction and How to Do It

    Overhead costs and tax liabilities can add up pretty quickly, even if you work from home. If you haven’t heard about or taken advantage of the home office tax deduction, you could be missing out on a great way to reduce your tax liability.

    The home office deduction isn’t for everyone who works from home, though. Find out who can claim home business deductions, how much you can claim, recordkeeping requirements, what forms you need to file, and more.

    What Does Self-employed Mean?

    You run your own business, but are you considered self-employed? The definition of self-employment can be confusing.

    What does self-employment mean? Find out below.

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