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.
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How to Get Business Credit Cards Without Personal Guarantee
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 GuaranteeWhat Are Intangible Assets?
If you’re like many small businesses, you account for company assets that you can see and touch. But, what about the items of value that aren’t physical? You may be undervaluing your business by forgetting your intangible assets. What are intangible assets?
Read More What Are Intangible Assets?What Is Excise Tax?
As a small business owner, you have a lot of government documents and tax forms for small business to keep up with. You might be responsible for filing and paying excise tax if you sell certain products or services at your company. What is excise tax?
Read More What Is Excise Tax?What Is the Bottom Line in Business?
Sometimes, when you talk to someone, they take a while getting to the point. You might tap your foot impatiently until you finally blurt out, “Well, what’s the bottom line?” The bottom line in business is just like the bottom line of a conversation.
Read More What Is the Bottom Line in Business?What Are Liabilities?
As a small business owner, you might owe money to vendors, employees, and the government. You need to keep track of your business’s debts in your accounting books. When it comes to recording the money you owe, mark your debts as liabilities. What are liabilities?
Read More What Are Liabilities?6 Requirements to Qualify Your Small Business for SBA Loans
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 LoansDe Minimis Safe Harbor Election for Small Taxpayers
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 TaxpayersOutstanding Deposit: The Basics for Small Business
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 BusinessOrigin vs. Destination Sales Tax
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 […]
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