Business opportunities have expanded as technology has developed, giving entrepreneurs more options for starting and running a business. While for some businesses, startup capital is lower and a physical building isn't needed, still, financial forecasting is a universal business need. In this regard, let's discuss the role of balancing business growth with financial forecasting. Separating [...]
When starting a business, there's no doubt it can be pretty intimidating at first. Between trying to manage every aspect of the workplace, as well as setting goals for your company, sometimes it's difficult to get the basics down. For example, if you were to look at your list of what needs to be done, [...]
If you're a new business owner, you may wonder what you need to know about sales taxes. A lack of knowledge is costly. If you wrongly think you don't owe the tax and don't collect, or if you correct too little, you could have to pay big fines and penalties. In fact, there are several [...]
Business owner, if you've ever wondered why you're paying so much in taxes, one reason may be that you're not investing enough in your company, or if you are investing, you're not claiming all allowable deductions. Other possible reasons include not paying as you go, your business is not established as the correct entity [...]
If you think you might know everything you need to know about payroll taxes for your new business, but you're not sure, be careful and be sure you're adequately prepared. What you don't know could cost you a lot of money and possibly even cause you to lose your business, due to the Internal [...]
Doing the business's books has taken on a whole new meaning in today's online world, as “the books” have moved to hard drives and now the cloud. This isn't to say paperwork has disappeared completely from modern businesses, yet it does mean computers are integral for back-end processes. When it comes down to it, [...]
If you've just started a new business, you may wonder what you need to know about taxes. Here's the information you need for income, sales, state, and payroll taxes. Income Taxes As a small business owner, you may be surprised to learn the IRS has recently, frequently targeted small businesses for audits, according to Quickbooks. [...]
If you're a business owner, especially a small business owner, every penny counts. The more money you have, the more you can invest, the more your company grows, and the more money you have to take risks. Naturally, you want to save as much as possible on your daily expenses and daily operations. You may [...]
How do sales taxes work, and what are they? How do they affect businesses, and how do they differ? It pays to know the basics of sales taxes. What is a Sales Tax? According to the Small Business Administration a sales tax is imposed by state and local governments as a retail point-of-purchase tax. The purchaser [...]
Rapid growth is a defining characteristic for startups, yet effectively managing this growth is the key for them to remain in business long-term. Even when startups find a viable market for their products and services, there's still the very real danger of mismanaging their finances and failing. In an effort to help startups avoid [...]