Do you know how long it takes you to pay your small business’s invoices? The number of days between receiving an invoice and sending a payment plays a big part in your company’s cash flow. You can track how long it takes you to pay bills by calculating the days payable outstanding.
Read More How to Find Days Payable Outstanding
Is your small business cluttered with paper documents? When you rely on paper to keep track of business finances, you often end up wasting time and resources. For an efficient accounting process, follow our tips to create a paperless office.
Read More 6 Tips for Converting to a Paperless Office
Knowing how your business’s finances are going is one part of owning a small business. You should have the three main financial statements at your business: balance sheet, income statement, and cash flow statement. What is a cash flow statement?
Read More What Is a Cash Flow Statement?
Business structure affects many aspects of your company, including your tax obligations. Choosing the right structure for your business could mean the difference between expensive, time-consuming taxes or affordable, simplified tax liabilities. As a small business owner, you must know how business structure affects taxes.
Read More Business Entity Tax Basics: How Business Structure Affects Taxes
Tax time is always an adventure, particularly for entrepreneurs and small business owners. Navigating the complex maze of expenses and small business tax deductions can be a challenge, and no one wants to leave a valid deduction on the table. After all, every $100 in deductions results in an average tax savings of approximately $30.
Read More Is Credit Card Interest Tax Deductible for a Business? Do’s and Don’ts
If the phrase “audited by the IRS” fills you with dread, you are not alone. Getting audited is something no business owner wants to go through. But, sometimes audits take place. If you get audited by the IRS, what happens?
Read More If You Get Audited by the IRS, What Happens?
Owning a business comes with many responsibilities. One of your duties is to withhold, file, and deposit taxes. You must know how to pay small business taxes in order to correctly submit payments to the IRS. There are a few different ways to make small business tax payments. To avoid late fees and penalties, learn […]
Read More How to Pay Business Taxes to the IRS
As your business grows, you need more capital. But, it can be a hassle for small business owners to get funding from large financial institutions. For some small business owners, working with private investors might be a smart move. You need to know how to find private investors for your small business.
Read More How to Find Private Investors for Small Business
Small business owners take risks every day. But if you put too much at stake, your business bottom line could suffer. To make sure your decisions are sound, conduct a risk analysis for your small business.
Read More How to Conduct a Risk Analysis for Your Small Business
Getting the finances you need to grow your business isn’t easy. Securing funds is especially hard if you have poor credit. You need to know your options for business funding with bad credit.
Read More How to Get a Small Business Loan With Bad Credit