A cash business accepts most or all cash transactions. A cash payment system usually doesn’t allow customers to use checks and credit cards to make a purchase. If you’re thinking about accepting cash payments, read on for more information.
Read More 5 Tips for Accepting Cash PaymentsAmanda Cameron
How to Get Business Credit Cards Without Personal Guarantee
Business credit cards without personal guarantee are often dreams come true for small business owners. For most small businesses, it’s extremely hard to get this term on a credit card.
Read More How to Get Business Credit Cards Without Personal Guarantee
6 Requirements to Qualify Your Small Business for SBA Loans
Do you need more ways to finance your business? The U.S. Small Business Administration (SBA) offers loan programs specifically designed for small business owners.
Read More 6 Requirements to Qualify Your Small Business for SBA Loans
De Minimis Safe Harbor Election for Small Taxpayers
Sometimes, it’s hard for small business owners to catch a break. But, if you made large purchases for your company this year, you might be able to deduct them on your tax return. You can write off expenses by choosing the safe harbor election for small taxpayers.
Read More De Minimis Safe Harbor Election for Small Taxpayers
Outstanding Deposit: The Basics for Small Business
To keep your small business’s finances on track, reconcile your books and bank account statement. Sometimes, transactions are only recorded in one financial record when you reconcile the balances. If your books and bank account balances don’t match, you might have an outstanding deposit.
Read More Outstanding Deposit: The Basics for Small Business
Origin vs. Destination Sales Tax
If you’re like many small business owners, you need to collect sales tax on some of your offerings. Your sales tax responsibilities depend on your location. This fact surely begs the question: do I charge sales tax for out-of-state customers? To stay compliant, understand which sales tax laws apply to your business. And, you need […]
Read More Origin vs. Destination Sales Tax
Net Revenue and Discounts
Do you offer discounts in your business? If so, understand how discounts help—or hurt—your small business’s net revenue.
Read More Net Revenue and Discounts
What Is Negative Cash Flow?
As a small business owner, you need to balance income with your expenses. When you track patterns in your spending and earnings, you are looking at your business’s cash flow. Sometimes, your cash flow is negative. What is negative cash flow?
Read More What Is Negative Cash Flow?
How to Successfully Open a Second Business Location
As you dive into expanding your company, you enter new, unfamiliar territory. Consider some of the following points on how to open a second business location.
Read More How to Successfully Open a Second Business Location
How to Raise Prices Without Losing Customers
Are you ready to raise your prices, but you’re worried about losing customers? The way you raise your prices affects your customer pool. For small business owners, it’s essential to know how to raise prices without losing customers.
Read More How to Raise Prices Without Losing Customers
