As a business owner, you likely evaluate your employees’ performance from time to time. But, your employees aren’t the only ones you should be assessing. If you have suppliers you go to for inventory and materials, you need to evaluate their performance, too. To learn more about supplier evaluation and how to evaluate a supplier, […]Read More Increase Efficiency With a Routine Supplier Evaluation
Just starting your entrepreneurial journey? Been in business for over 10 years? Regardless of if you’re a veteran business owner or just starting out, you may need to get a business loan. So, where do you start? Let us walk you through how to apply for a business loan.Read More How to Apply for a Business Loan in 7 Simple Steps
On March 11, 2021, the American Rescue Plan was signed into law. This new legislation increased funding for the Paycheck Protection Program and the EIDL program. And on March 30, 2021, the Paycheck Protection Program Extension Act of 2021 was signed into law, extending the PPP deadline to May 31, 2021. It’s no secret that […]Read More Coronavirus Loan Options to Help Get Your Business Back on Its Feet
As a business owner and consumer, you’re likely familiar with sales tax. After all, the majority of states have some type of sales tax. But, you may be less familiar with use tax and how it works compared to sales tax. Want to find out the difference between sales tax vs. use tax? Keep reading.Read More Sales Tax vs. Use Tax: How They Compare and Contrast
Your business incurs all kinds of expenses during day-to-day operations. From payroll expenses to selling, general, and administrative expense (aka SG&A), there are a number of costs you need to pay attention to. But, what is SG&A exactly?Read More Your Guide on Selling, General, and Administrative Expense (SG&A)
ERC extension alert! The American Rescue Plan (signed into law on March 11, 2021) expands and extends the Employee Retention Credit. This article was updated to include information about ERC changes under the new plan. Due to the coronavirus negatively affecting businesses nationwide, there are a number of coronavirus payroll tax credits available to help […]Read More What Is the Employee Retention Credit, and How Does It Work for Employers?
Forty-five states and Washington D.C. have some type of state sales tax. Some states might even have different sales tax rates or rules for local taxes or online sales. Chances are, your business is probably in a state with sales tax. To remain compliant, you must know sales tax laws by state. Read on to […]Read More Sales Tax Laws by State: What’re Your State’s Rules?
Part of running a business is recording day-to-day operating costs in your books. These expenses fall into two categories: cost of goods sold (COGS) or operating expenses. But what’s the difference between the two? Read on to learn about cost of goods sold vs. operating expenses and how to tell the difference when doing your […]Read More Your Go-to Cost of Goods Sold vs. Operating Expenses Guide
Depending on your business’s location, you may need to pay or remit certain state-specific taxes. One type of state tax your business should be aware of is gross receipts tax (GRT). Read on to learn about gross receipts tax and whether or not you’re responsible for remitting it to your state.Read More What Is Gross Receipts Tax, and Which States Impose It?
As a small business owner, you need to conduct regular audits to ensure your records are accurate. Although many business owners dislike the idea of auditing, audits can be beneficial to your company. Learn more about the different types of audit below.Read More Breaking Down 9 Different Types of Audit