Your customers are your business’s top priority. But do your practices back that up? When it comes to things like customers’ rights, there’s no room for errors. Understand consumer protection laws to stay compliant. Continue reading “How Well Do You Know Key Consumer Protection Laws?”
Your business’s balance sheet can give you a snapshot of your finances and show you whether you’re on track for success. Without it, you might struggle to detect spikes in spending or see if your pricing strategy is effective.
If you want to take things one step further with your balance sheet and see how your company’s finances are holding up, calculate your balance sheet ratios. Learn more about the balance sheet metrics you should be tracking to keep your finances in order.
Depending on your business, you may work with things that require your compliance with environmental regulations. Continue reading “A Rundown of Environmental Regulations to Keep on Your Small Business’s Radar”
Your business is your pride and joy. And if you’re like most owners, you’ll do whatever it takes to protect it at all costs. But, you can’t always protect your company from unexpected events, like natural disasters. To keep your business safe and help it stay afloat if disaster strikes, consider investing in business interruption insurance. Read on to learn about interruption insurance, including whether or not it covers coronavirus-related claims.
One thing you never want to do is take advantage of your customers, especially during national emergencies. But sometimes, you may need to increase your prices to keep up with demand or inflation. Where do you draw the line between a standard price increase and price gouging? Continue reading “All You Need to Know About Price Gouging Laws by State”
Updated 6/18/2020 to reflect the SBA’s revised loan forgiveness application form.
Want to know how much of your PPP loan is eligible for forgiveness? Thanks to the SBA’s release of the Loan Forgiveness Application, you can now do the PPP forgiveness calculation for your loan amount. Continue reading “PPP Forgiveness Calculation: Process & Example”
As a business owner, you need an efficient way to monitor your inventory and determine how much to buy and when. One way to do this is by utilizing a purchasing system. Read on to learn about purchasing systems and how they work.
Strong recordkeeping skills? You’re in business. Poor recordkeeping skills? Time to step it up. Keeping business records is an important part of operating a healthy business, making decisions, and being eligible for business tax credits and loans. Continue reading “5 Tips for Keeping Business Records”
When you pursue your passion and start your business, you may not necessarily have the budget to hire your dream team right away. Because of a small business budget, some startup owners use employee equity as an incentive. Read on to learn the ins and outs of employee equity and what options you can offer employees.
Expenses. We can’t escape them. But with careful attention, you can use them to reduce your tax liability. When you know what business expenses to deduct, you’ll be certain you’re paying no more than needed. So, without further ado, what are business expenses? Continue reading “What Are Business Expenses?”