Small Business Blog for Entrepreneurs and Startups
Accounting and bookkeeping is vital for small businesses to track their sales, expenses and profits. Read my review of Quickbooks Online and Intuit Gopayment, the mobile credit card reader and payment processor that automatically syncs with your account of Quickbooks online seamlessly. Discover cash flow management tips, how to get paid as a DBA Sole Proprietor and how to collect debts from your customers lawfully.
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 [...]
Getting paid when you work for yourself is not as straightforward as it might seem. Sole proprietors must follow these guidelines for paying themselves so they do not get in trouble with the Internal Revenue Service or other US government agencies. How can you get paid when you started your own business that is an [...]
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 [...]
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 [...]
Bookkeeping is a significant concern for you as a small business owner because most of us don’t have experience handling the books. Being smart about how you cope with it will save you a great deal of effort, time, and frustrations. Here are 5 pointers that will assist you to handle your financial accounting. QuickBooks [...]
Making the transition from conventional employment, a regular job to freelance work, whether as a writer, graphic artist or computer program, has several challenges, not the least of which is coping with new accounting and bookkeeping duties. Rather than getting taxes removed from your paycheck as a traditional employee, you must now judge your individual [...]
