ACCOUNTING

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Profitable businesses are able to survive and expand. Unfortunately, only half of the new businesses survive five years or longer, according to the Small Business Administration. One U.S. Bank study suggests that 82% of business failures are due to problems with cash flow. Your business needs a healthy cash flow to survive. Cash flow can […]

If you have a small company, you know how hard debt collection can be. Small business debt collection is most frequently one of the primary failing points of new companies around the nation. With just a little practice and guts, you can lower the number of late payments which are due to you, and also […]

Do you know about small business debt collection laws?  Get educated on the law in this article and collect debts owed to your firm in a legally correct manner. Before you begin collecting your debt, then be sure to provide a written notice that collections have begun, within five days once you initially contacted the […]

Recently a reader wrote me this email “Help my customers are late in paying my invoices and it is screwing up my cash flow. What should I do? I need the money but don’t want to be pushy and negatively affect my customer relationship.” Have you been in the same seemingly no-win situation? Every entrepreneur and […]

Two popular short-term small business financing options are business credit cards and lines of credits. This guide will review the advantages and disadvantages of both funding sources to help you decide which business loan is best for your company. Most business owners use business credit cards and credit lines to pay for working capital needs […]

It is said that the only things certain in life are death and taxes, but for businesses, which might not always be true. Whether and how companies are taxed is dependent upon the type of corporation that is C-corporation or S-corporation. Kinds of Corporations There are two kinds: C corporations and S corporations. An C […]

Tax Day is coming up quickly, meaning that you must get your finances in order. You might forget to take some small business tax deductions if you do not. These tax write-offs could wind up saving you plenty of money if you use them. Even though some items are tax deductible, including employee costs, utilities, and […]