Do you own a service business? If so, you know that figuring out how to price services isn’t always easy. To make sure your small business is profitable, try these tips for pricing services.
Read More Strategies and Formulas for Pricing Services at Your Small BusinessAmanda Cameron
What Is a Cash Reserve?
According to a recent study, 60% of Americans don’t have enough money to cover an unexpected $1,000 expense. What about your business? Do you have enough money tucked away to deal with a sudden expense? If not, you need to give your cash reserve some love.
Read More What Is a Cash Reserve?What Percentage of Health Insurance Do Employers Pay?
Offering employer-sponsored health insurance keeps your employees healthy and happy. If you’ve decided to provide coverage, you might be wondering, “What percentage of health insurance do employers pay?” Learn what you must pay as an employer, and look at recent data on average costs.
Read More What Percentage of Health Insurance Do Employers Pay?Following the Money: What Is Cash Flow?
As a small business owner, there’s no better way to understand the health of your business than through your cash flow. But, what is cash flow? Cash flow is the money that moves in and out of your business. Your cash flow either keeps your business afloat or can cause it to sink. Read on […]
Read More Following the Money: What Is Cash Flow?What Is the Child and Dependent Care Credit?
You work long hours as a small business owner. And if you have children or dependents, you might need help providing care while you work. But with 58% of families expecting child and dependent care expenses to cost more than $10,000 per year, things can add up quickly. Did you know the IRS offers some […]
Read More What Is the Child and Dependent Care Credit?What You Need to Know About ACA Tax Forms
The IRS added the ACA tax Form 1095 in 2015. Employers use Form 1095 to report on employee health coverage. If you offer health insurance at your small business, you may need to file Form 1095. The number of employees you have and the coverage you offer determine if you file Form 1095.
Read More What You Need to Know About ACA Tax FormsWhat Is Bookkeeping? The Truth Is in the Numbers
Whenever you make a sale or purchase, the amount of money your business has will change. Keeping track of your business’s financial transactions is key to your business’s future. Luckily, those sales and purchases create documents such as invoices and receipts. Bookkeeping tracks your finances through the documentation that your business creates on a day-to-day […]
Read More What Is Bookkeeping? The Truth Is in the NumbersHow to Choose the Right Accounting Software for Your Business
Maybe you’re thinking about buying accounting software for the first time. Or, you’re finally ready to switch software providers. At some point, you may wonder how to choose accounting software. There are so many options out there that even knowing where to get started selecting the right accounting software can feel impossible. This article will […]
Read More How to Choose the Right Accounting Software for Your BusinessMargin vs. Markup: Chart, Infographic, & More
Business owners often confuse margin and markup. After all, they both deal with sales, help you set prices, and measure productivity. But, there’s a key difference between margin vs. markup—and knowing this difference is how you can set prices that lead to profits.
Read More Margin vs. Markup: Chart, Infographic, & MoreIt’s Time to Change Sole Proprietorship to LLC. Here’s How to Do It
Did you structure your business as a sole proprietorship? Do you want to move beyond your sole proprietorship status? If your business structure just isn’t cutting it, one of your options is to change sole proprietorship to LLC.
Read More It’s Time to Change Sole Proprietorship to LLC. Here’s How to Do It