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According to one report, 65% of business comes from existing customers. But, do you know how much value each customer adds to your small business over the course of your relationship? To estimate the total that customers will spend at your company, calculate customer lifetime value.
Read More How to Find Your Customer Lifetime Value
Hooking new customers is an expensive pain point for many businesses. Your new customer acquisition cost (CAC) can be anywhere from five – 25 times as expensive as hanging onto your current buyers. How much are you dishing out on marketing to potential customers? Is all that spending paying off? To measure your efforts, you […]
Read More How to Find Your Customer Acquisition Cost
As a busy entrepreneur, you don’t always have the time to think about your business tax return due date. It can be easy to miss your business tax return deadline with so much on your plate. You may be asking yourself, When are business taxes due? Learn more about your business tax due date and […]
Read More Business Tax Return Due Date by Company Structure
Does your business have enough money to pay off debts? If you aren’t sure, then you need to learn about liquidity.
Read More What Is Liquidity?
In business, the value of your assets doesn’t stay the same. An asset’s market value might be higher or lower than its book value. If the value of your assets permanently changes for the worse, you need to record the impairment of assets.
Read More How to Handle Impairment of Assets the Right Way
If you accept check payments from customers, you need to know that the checks might not always clear. A customer might not have enough in their bank account to cover the check amount. Learn what to do with checks that bounce.
Read More What to Do When a Customer Check Bounces
When you run a small business, one error in your accounting books can result in inaccurate financial statements, poor cash flow management, and even an IRS audit. To make sure your records are accurate, familiarize yourself with account reconciliation.
Read More Account Reconciliation for Small Business Owners
You might be familiar with the process of collecting sales tax from consumers. But, how much do you know about use tax? Understand the difference between sales tax and use tax, as well as your use tax responsibilities.
Read More Use Tax: What Small Business Owners Need to Know
No matter how small your company is, you have to file taxes. But, your small business tax preparation cost can be more expensive than you might think. How much does small business tax preparation cost?
Read More How Much Does Small Business Tax Preparation Cost?
As a small business owner, you are likely familiar with recording and keeping an eye on transactions. However, are you thoroughly monitoring business expenses and income? Learn the steps to take for tracking business expenses and income and the importance of tracking them below.
Read More 5 Steps to Get on Track While Tracking Business Expenses and Income