Posts Tagged ‘Expenses’
2017 Year-End Tax Savings Tips Not to Overlook
With the possibility that tax law changes could go into effect next year that would significantly reduce income tax rates for many businesses, 2017 may be an especially good year to accelerate deductible expenses. Why? Deductions save more tax when rates are higher. Timing income and expenses can be a little more challenging for accrual-basis…
Read MoreHow to Prepare Yourself for the Cost of Employees
You’ve run the numbers and you know how much you can pay your new hire — but did you know that standard wages and salaries only represent approximately 70% of the total costs of compensation for each employee? The other 30% comes from benefits like paid time off, health insurance and retirement plans. And this is just the breakdown…
Read MoreHow to Make an App Like Instagram: How Much Will It Cost You?
Face-morphing and photo editing apps took the world by storm last year. In 2017, the number of entrepreneurs who want to replicate Instagram and MSQRD success is still growing. In just three years there will be 6.1 billion smartphones worldwide. Considering the fact that every smartphone and tablet is now equipped with a high-resolution camera,…
Read More4 Easy Ways Your Small Business Can Reduce Monthly Expenses
For some small businesses, revenues can fluctuate from month to month. A month of feasting can suddenly give way to a month of famine. And though it’s admittedly not easy to control revenue flow, you have some power over monthly expenses. When you’re a small business owner, you probably can’t put the firm on autopilot…
Read MoreStartup Costs for Top Franchise Opportunities
If you’re thinking about buying a franchise, you probably have two questions that keep popping into your mind. How much can I make in a franchise and how much does it cost to start a franchise. To help you decide which franchise is right for you, we decided to break down some of the start-up…
Read MoreVehicle Tax Deduction for Small Businesses
Whether you’re self-employed or run a small business, chances are you use a car to get from point A to point B. Luckily, during tax season, you can claim your vehicle when Uncle Sam comes barging in. We’re going to go over the qualifications and methods you can use to estimate your expenses so you…
Read MoreHow Entrepreneurs Can Save Money Without Penny Pinching
Small businesses may be making great contributions to the U.S. economy, but their financial health is in critical condition. According to a 2016 JPMorgan Chase Institute study, most small businesses only have 27 days’ worth of money on hand to cover expenses if inflows stopped. Essentially, this means that many small businesses are operating on a…
Read MoreHow to Keep Your Business Insurance Premiums Down
When it comes to business insurance cover it is not wise to start cutting corners in pursuit of ‘cheap cover’ but there are ways to reduce your premiums without sacrificing coverage. The savvy business owners out there will be able to reduce costs without compromising the business. Here are six tips we can offer to…
Read More6 Easy Ways Your Business Can Save Money
Maintaining a healthy cash flow is something every business needs to prioritize. It’s not just something we should be looking at come tax time or end of the year either—reviewing smarter ways to save money is encouraged on a regular basis. Because technology is constantly progressing, the economic advantages are evolving and changing at incredible…
Read More3 Ways You Could Be Wasting Advertising Money
Businesses must rely on good advertising to bring them customers. It’s very difficult to generate organic leads and create a strong brand without it. However, the money poured into company advertising schemes isn’t always well placed. Research from a recent Nielsen survey entitled Digital Ad Ratings shows that billions are being wasted in the digital…
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