One of the most terrible things to happen to anyone is bankruptcy. If you find yourself in such a situation and are wondering what will happen to your bank accounts, and retirement accounts, on filing for bankruptcy, this article will throw some light on it. Type of bankruptcy and its effect on financial accounts Basically, […]
Finance
5 Steps for Choosing the Right Construction Payroll Provider
There is no question that payroll is one of the most important aspects of a construction business that needs to be managed effectively. The sheer size of construction projects, as well as a slew of tax regulations, make construction payroll a complex process. Plus, with a large workforce, payroll can be time-consuming and stressful. A […]
Paying Employees in Canada and the US: What You Need to Know
Though Canada and the US share one of the largest geographic borders in the world, there are some stark differences between the two countries—especially when it comes to the regulations related to paying employees. Curious about what makes them the same or different? Do you have or plan on having American employees working for your […]
A Guide to Small Business Accounting Reports
We live in the age of “big data,” when businesses are expected to do all sorts of number crunching calisthenics to analyze performance, predict results, and improve on success. The volume of data that financial reporting generates daily can overwhelm many small business owners and send them screaming for the nearest paper shredder. But amid […]
3 Highly Effective Tips to Deal with Delinquent Accounts and Collect Late Payments
People that don’t pay their bills on time are the bane of most account managers’ existences. Hunting delinquent customers down, discussing the problem, and extracting the funds can be a long, tedious process. You wind up wasting hours (or even days) of valuable work just to deal with a handful of negligent accounts. Don’t let […]
Time Tracking for Construction, Trade, and Field Workers
Having simple, straightforward tools is always a great way to stay organized and save time. But if you’re one of the many types of businesses that has more complicated processes, sometimes the simple tools don’t do the trick. When it comes to time tracking and payroll, you need to be able to accurately monitor and […]
What Are the Different Types of Accounting?
If you ask small business owners to identify the different types of accounting, they’ll more than likely name the two methods of accounting they choose from in order to operate their business: cash or accrual accounting. What they may not realize is that these are just the primary accounting methods in one broader type of […]
Small Business Recordkeeping 101
Maintaining business records is a must for any small business. Keeping good records ensures that your business runs smoothly and efficiently, and that you’re prepared when tax time rolls around. Many businesses have experienced crippling issues that compromise business success when they ignore basic recordkeeping practices. Here’s a primer on small business recordkeeping and why […]
How to Be Successful in a Low Price, High Volume Business
One of the key mantras to succeed as a business is to focus on high value clients. As any successful entrepreneur will tell you, such clients are less fussy about pricing and are less demanding on the provider. However, acquiring such clients can only happen when you have established a reputation in your industry. Also, […]
How to Create & Analyze a Small Business Budget
So, your sales are rising, you paid off an SBA loan, and you just hired your first employee. Everything’s going swimmingly with your small business. Or so it seems anyway. How can you tell for sure? One way to gauge your success is to craft a budget that acts both as guardrails and yardsticks for your […]
