Unless you live in a state or a country that does not impose sales tax, you must be aware of the strict obligations regarding its fulfillment and payment. Yet, many small businesses tend to take the sales tax for granted. It is also difficult for them in the know of all legislation and bills passed […]
Businesses are rapidly moving towards business models that are based on subscription renewals and services and this development has impacted financial leaders strongly. Their focus now lies on not only managing the books and thinking about their daily tasks. They must also start placing emphasis on improving customer retention and being more attentive when it […]
According to Statistica, 58% of the global internet users made a purchase on an eCommerce brand’s website in 2016. The total number of online shoppers and internet users are both set to grow in the coming years. In this article, we cover eight recommended tips to help you build the profitable brand you’ve always dreamed […]
Launching a new online business is a long-time commitment project that takes tons of passion to build. It starts with just an idea that you might have had. But you need perseverance every step of the way to take it to the heights you imagined it would reach. There is no limit to the amount […]
Are you a busy business owner struggling to balance finances and keeping your business afloat? Are you unsure if hiring a CFO is the best option? In this article, we will cover the benefits of hiring a CFO and when it’s the right time to do so. Small business owners often take charge of their […]
When it comes to gauging your business’s performance and strategies to improve it, you might be ready to seek a benchmarking analysis for your business in your industry niche. If you are a small business owner, or new to the competitive landscape, you might be at a loss for what this benchmarking term is referring […]
It is a fact of life that if you plan to run a business, then you must pay taxes. If you’re an online retailer, then you’re also responsible for charging sales tax to customers living in states where your business has a physical presence. This tax is then remitted to the relevant tax authority. Filing […]
Accounting is one of those painful necessities that you need to do in order to keep your business going. It’s boring and for the most part, business owners would rather talk about something more exciting like expanding their product line, but there’s no avoiding it. In fact, eCommerce is the fastest-growing retail market projected to […]
According to a U.S. Bank study, 82% of businesses fail due to poor cash flow management skills or poor understanding of cash flow. These small businesses don’t make it to their fifth year because they don’t even know they have cash flow problems. Most business owners don’t understand how to properly manage cash flow, so […]
Right now, the whole DIY thing is a huge trend. People are making their own farmhouse tables, home décor, skincare products, and accounting… wait? that sounds out of place. That’s because it is, you shouldn’t try to do your own accounting if you have no experience with it. While you might be able to get […]
Is your company avoiding these bad financial habits? 20% of businesses fail in the first year, and 96% of businesses fail in the first ten years. That’s a shocking statistic to see that only 4 out of 100 businesses make it 10 years. One of the main reasons is not due to bad business. It […]
