End of Year Tax Planning Tips for Small Businesses

Posted on December 14th, 2021 in Small Business, Startup Business, Taxes

According to the IRS, taxpayers left 1.3 billion dollars of unclaimed tax money on the table in 2021. That’s money that could be used to funnel back into your small business. As the end of the year approaches, it’s important to consider how much you can save simply by having the right tax measures in […]

Work from Home— What Is It and How Does It Work?

Posted on February 17th, 2021 in Small Business, Startup Business, Work From Home

Even before the arrival of the COVID-19 pandemic, the work-from-home model had gained traction in the corporate world. Gallup recently surveyed 15,000 working adults in the US and the study revealed that 43% of them spent at least some time working remotely during their work hours. The crisis only exacerbated the trend. Keeping in mind […]

Data-Driven Decision Making is the Path to Business Success

Posted on September 10th, 2019 in Small Business, Startup Business

The growing business scene means that our gut instinct is no longer enough to remain abreast of the competition. The dynamics of decision making have changed today as organizations are slowly realizing that data lies at the heart of decision making, meaning that they are becoming data driven decisions. The technology that we use today […]

Why Ignoring Sales Tax Can Be Hazardous for Your Business

Posted on May 23rd, 2019 in Entrepreneurship, Small Business, Startup Business, Taxes

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 […]

6 Practical Steps to Managing eCommerce Sales Tax (Updated 2019)

Posted on January 9th, 2019 in Accounting, Money Management, Small Business, Startup Business, Taxes

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 […]

5 Dangers of DIY Accounting

Posted on September 6th, 2018 in Accounting, DIY Accounting, Entrepreneurship, Money Management, Processes & Procedures, Scaling & Business Growth, Small Business, Startup Business

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 […]

How to Build the Perfect Team

Posted on May 3rd, 2017 in People & Hiring, Scaling & Business Growth, Startup Business

As small businesses seeking to grow and expand, hiring becomes part of the game. As a business owner, it’s often tempting to do everything yourself. But trust me, with the perfect team in place, you’ll be able to scale and grow in a more sustainable and successful way. Continue reading to learn four tips for […]

The Most Important Questions Your Business Plan Must Answer

Posted on May 7th, 2015 in Entrepreneurship, Small Business, Startup Business

Writing a business plan is the most crucial and challenging step that every entrepreneur has to go through. Many business owners fail to provide a clear idea of the business to the reader by adding unnecessary stuff in their business plan. An ideal business plan is the one which smoothly takes the reader to the […]

4 Small Business Money Mistakes You Can Easily Avoid

Posted on April 2nd, 2015 in Money Management, Small Business, Startup Business

About one-third of small businesses fail within the first five years. There are lots of reasons why a seemingly healthy business can go under, some of which may be outside the business owner’s control. But there are also some very common (and very avoidable) money mistakes small business owners make that contribute to their eventual […]

Scaling Your Business: The Transformed Entrepreneur

Posted on March 20th, 2015 in Scaling & Business Growth, Small Business, Startup Business

As your business grows, how do you transform, mature, and grow from a start-up entrepreneur to the leader of your company? Many small business owners reach a point in their career where the next step is unclear. Are you unsure of how to scale your business effectively? There are ways to kickstart the process. In […]

How to Take Control of Your Expenses

Posted on February 3rd, 2015 in Money Management, Small Business, Startup Business

Have you ever heard the boiled frog metaphor? It goes like this: If you’re trying to cook a live frog and you put it right in the boiling water, it will just jump out. But if you put the frog in a pot of cold water and bring it to a boil slowly, the frog […]

7 Ways to Save Your Business Money

Posted on December 1st, 2014 in Money Management, Small Business, Startup Business

In a tough economy, there’s one question on every business owner’s mind: How can I save my business money? In this article, we will cover seven crucial money-saving strategies to help you cut expenses, save your business money, and “tighten your belt.” 1. Take advantage of Business Process Outsourcing (BPO). Business process outsourcing (BPO) is […]

Category: Startup Business