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...
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. ...
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...
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...
When tax season rolls around, be sure to consider these 10 often-overlooked deductions that your business can take advantage of. 1. Bank Fees. Many businesses overlook this deduction come tax time. If you pay a lot of fees with your PayPal or bank account, start...