A cash business accepts most or all cash transactions. A cash payment system usually doesn’t allow customers to use checks and credit cards to make a purchase. If you’re thinking about accepting cash payments, read on for more information.
Read More 5 Tips for Accepting Cash Payments
Business credit cards without personal guarantee are often dreams come true for small business owners. For most small businesses, it’s extremely hard to get this term on a credit card.
Read More How to Get Business Credit Cards Without Personal Guarantee
Do you need more ways to finance your business? The U.S. Small Business Administration (SBA) offers loan programs specifically designed for small business owners.
Read More 6 Requirements to Qualify Your Small Business for SBA Loans
Sometimes, it’s hard for small business owners to catch a break. But, if you made large purchases for your company this year, you might be able to deduct them on your tax return. You can write off expenses by choosing the safe harbor election for small taxpayers.
Read More De Minimis Safe Harbor Election for Small Taxpayers
To keep your small business’s finances on track, reconcile your books and bank account statement. Sometimes, transactions are only recorded in one financial record when you reconcile the balances. If your books and bank account balances don’t match, you might have an outstanding deposit.
Read More Outstanding Deposit: The Basics for Small Business
If you’re like many small business owners, you need to collect sales tax on some of your offerings. Your sales tax responsibilities depend on your location. This fact surely begs the question: do I charge sales tax for out-of-state customers? To stay compliant, understand which sales tax laws apply to your business. And, you need […]
Read More Origin vs. Destination Sales Tax
Do you offer discounts in your business? If so, understand how discounts help or hurt your small business’s net revenue.
Read More Net Revenue and Discounts
As a small business owner, you need to balance income with your expenses. When you track patterns in your spending and earnings, you are looking at your business’s cash flow. Sometimes, your cash flow is negative. What is negative cash flow?
Read More What Is Negative Cash Flow?
As a small business owner, you need equipment to run your company. Whether it’s a machine or vehicle, costs can add up fast. Did you know you can get major tax breaks for business property expenses? You can lower your tax burden with depreciation. Find out how to calculate depreciation expense for your small business.
Read More How to Calculate Depreciation Expense
As a small business owner, you work hard to make your company successful. When problems come up, you face them head-on to push your business forward. Whether you go an inch or a mile, you record all your financial moves in your small business online accounting records.
Read More 6 Financial Ratios for Small Business Owners to Live By