Finance
How to Reduce Your Business Costs
Last year saw business confidence plummet in the UK, against the backdrop of Brexit and sustained economic decline. SMEs in the UK were hit particularly hard, with confidence amongst these ventures down by 20% in…
Small Business Credit Options to Manage Cash Flow
Small business owners quickly learn the importance of monitoring their cash flow. The flow of money in and out of your business can impact everything from the stock you have to sell to keeping the…
How the Recent Supreme Court Wayfair Decision Affects Small Business
The Wayfair Case In 1992, the Supreme Court, in a case referred to as “Quill,” ruled that the lack of substantial physical presence in a state is sufficient grounds to exempt a business from having…
Exploring the Ethical Dilemmas of Corporate Gift Giving
During the last holiday season, The Ladders published an article citing research on the motivational benefits of gift giving in the workplace. A survey by the Advertising Specialty Institute showed that 42% of employers gave…
Best Tax Practices to Start Now
With 2019 going by at breakneck speed, now might be a good time to consider some new tax practices that can benefit your business both in the near and long term. Here are some best…
The Biggest Business Mistakes New Business Owners Make
New business owners are naturally excited about getting up and running. If you’re a new business owner, then kudos to you. You’re doing the hard work necessary to put yourself and your family on better…
7 Biggest Mistakes in Handling Accounts Receivables
Managing your company’s accounts receivables is one of the most critical aspects of fiscal health. Yet, many business owners fail to effectively handle their accounts receivables, either directly or indirectly. Poor accounts receivables policies can…
How to Prepare a Cash Flow Statement
We don’t need to tell you that cash is the lifeblood of any business—or that tracking the cash that flows in and out of your company is key to understanding your overall financial health. Consider…
How Timekeeping and Payroll Work Together and Why It Matters
Anyone running a business knows that hiring and paying employees—which we lump together into the category of labor costs—are some of the largest kinds of business expenses. From scheduling and tracking hours to approving and…
SMB Bookkeeping: What to Do and When
Managing finances is a top priority for small and midsized business owners. Bookkeeping is a large part of that. Some bookkeeping tasks need to be done only once per year. Others require your attention more…
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