2020-02-12 00:00
Managing cash is a challenge.
WalletHub’s 2019 Small Business Owner Survey found that managing cash flow was the second biggest frustration for business owners.
As your busine… Read More
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Resourceful information to help you love running your business. Learn how to manage business finances, cash flow, taxes and more.
2020-02-11 00:00
An apprenticeship is a program where employers develop their workforce, and employees get paid to receive a combination of work experience, classroom instruction, and credentials.
A… Read More
2020-02-10 13:39
Pick a card, any card.
It’s a beloved line of any sleight-of-hand magician, but it’s a sentiment that doesn’t apply when selecting a credit card for your small bus… Read More
2020-02-10 00:00
Strong sales and growing revenue are great, but during periods of growth, cash flow can become tight and create real problems. Take Michigan-based, Murder Mystery Theatre Company, a… Read More
2020-02-10 00:00
The 2017 holiday shopping season was largely considered a disaster for many online retailers and delivery partners. Logistics networks struggled to cope with a record number of onli… Read More
2020-02-07 00:00
Health care is an issue for everyone.
Many people get health insurance coverage through work, while self-employed workers purchase insurance policies on their own. Even those withou… Read More
2020-01-30 20:03
When Lehman Brothers filed for bankruptcy in September 2008, the firm had $639 billion in assets, making it the largest bankruptcy filing in US history. Up until that point, the fir… Read More
2020-01-30 20:03
Have you always wanted to own a “brand name” chain, or conversely, have your own name on multiple coffee houses that sell your famous scones? The answer might lie in fra… Read More
2020-01-30 20:03
There have been no shortage of articles, studies, and treatises extolling the virtues of productivity in business. This makes sense, as great companies have increased… Read More
2020-01-30 20:03
When a customer visits your store or website, they select an item, they purchase it, and your staff updates inventory records to reflect that purchase. At its most basic level, this… Read More
2020-01-30 20:03
Where did your cash go?
You started the year with a sufficient cash balance, and you’ve been profitable each month. For some reason, the year-end cash balance is lower than wh… Read More
2020-01-30 20:03
Plenty of small business marketing guides exist… covering strategies, ideas, and “best practices.”
Few, however, are based on original research with both small bu… Read More
2020-01-30 20:03
Most people realize that, in the 21st century, we all have to accept more responsibility for saving for our own retirement. One report from the Stanford Center on Longevity found th… Read More
2020-01-30 20:03
As a small business owner, you quickly realize how vital capital is. Not only do you need it to start your business, but you also need it to grow your business. While… Read More
2020-01-29 19:23
Developing a cash flow statement is essential to understanding your business’ current liquidity. It is a snapshot of your organiza… Read More
2020-01-28 18:42
A business website doesn’t just exist to advertise your products and services. On the contrary, a well-developed site can actually generate income for your company. But, knowi… Read More
2020-01-28 06:22
When a recent article on BuzzFeed listed dozens of solutions to sweaty feet, the writer put Remodeez at the top of the list. The increased exposure and the ensuing in… Read More
2020-01-26 05:03
There was a time when accounting involved reams of paper, a calculator and, most likely, a funny visor. While you can still wear a visor, the days of manually crunching numbers are… Read More
2020-01-26 05:03
One of the easiest ways to measure a current market is by looking at market share. Apple, for instance, had 15.8% of the global smartphone market share during the fourth quarter of… Read More
2020-01-24 03:43
Are you longing to spend some time on a sun-soaked beach, but can’t afford the expense? If done properly, the IRS allows business owners to write off some aspects of their vac… Read More
2020-01-24 03:43
Giving to charity is easy, and can be a great marketing tool. But claiming donations on your taxes is more complicated. If you want to claim a business tax deduction for your c… Read More
2020-01-23 03:05
As a small business owner, one of your primary concerns is cash flow. You need money not only to start your business, but also to grow. Fortunately, small business funding and finan… Read More
2020-01-23 03:05
As your small business grows, your insurance needs will change.
Over time, you’ll hire employees and sell new products and services. You’ll invest in equipment, and add… Read More
2020-01-23 03:05
Oh, sales tax. Consumers complain about it all the time, but it’s also a hurdle for business owners. In fact, if you’re selling just about anything (which you probably a… Read More
2020-01-22 14:42
Which tasks require the most amount of time?
Payroll processing may be at the top of your list.
Running payroll is a time-consuming process, and you need a precise, step-by-step pla… Read More
2020-01-22 14:42
Change is difficult.
Managing a small business each day using your current systems requires a huge effort, and the thought of making changes can feel overwhelming.
But, change may b… Read More
2020-01-18 12:03
As a small business owner, understanding your company’s cash flow is critical to maintaining financial health. When using your cash flow statement to analyze yo… Read More
2020-01-18 12:03
Among the most critical decisions an entrepreneur makes, pricing products and services sits near the top of the list. There are a number of ways you can set your selling price for a… Read More
2020-01-18 12:03
For many small business owners, traveling a few times a year (or even as often as every week) is a necessity. Fortunately, you can deduct many of your business expenses on your taxe… Read More
2020-01-17 23:42
Springtime is tax time. For most people, that means anxiety and uncertainty. Filing your taxes accurately requires planning. Getting the most out of your taxes requires an understan… Read More
2020-01-16 23:02
You’re ready to take the leap and start a business. Congratulations! Making that decision might feel risky, but it’s a good… Read More
2020-01-16 23:02
Companies are generally free to operate anywhere they want in the United States. So, why are more than 60% of all the Fortune 500 companies in the U.S., as well as more than 50% of… Read More
2020-01-16 00:00
We won’t sugarcoat it: you have a lot to get done. It’s the nature of the beast as a business owner, and it’s why 72% of small business owners admit to feeling ove… Read More
2020-01-15 22:22
As an entrepreneur, you face many challenges. But, none are as big as finding money to start your new business.
From renting office or production space to buying goods and hiring st… Read More
2020-01-15 22:22
In December 2017, the United States Congress and President Donald Trump passed the Tax Cuts and Jobs Act (TCJA). One of the significant additions that came with this… Read More
2020-01-15 22:22
When you’re preparing financial statements for your small business, one of the most important documents is the balance sheet. There is an abundance of informati… Read More
2020-01-15 22:22
The Woodshed started as a passion project of Mike Sharpe in 2006. After Mike’s passing in 2012, his wife Patty took over the business to fulfill his vision.
The Woodshed is… Read More
2020-01-14 19:00
Type of finance
Approximate interest rate
Unsecured Business Loan
from 9.9%
Small Business Loan
from 5%
Business Line of Credit
from 5.07%
Business Overdraft
from 5.07 %
Busin… Read More
2020-01-13 21:02
When it comes to running your own business, there’s a lot that can deliver those warm, fuzzy feelings. This is especially true during your first year when every… Read More
2020-01-13 21:02
Running a small business today is different from several years ago. You have to run your business while also establishing an online presence. And, one of the key ways to establish t… Read More
2020-01-13 21:02
A career in residential real estate is compelling and exciting. It’s one of the few professions you can transition into at any stage of life — whether you’re a rec… Read More
2020-01-11 07:22
As an entrepreneur, you likely have little time and even less money to invest in self-improvement. After all, you’re already dedicating every spare moment to building your bus… Read More
2020-01-11 07:22
As a small business owner, tax deductions are always welcome. But, deductions aren’t static. Deductions change over time, and some go away completely. Or, in the case of the S… Read More
2020-01-11 07:22
Center City operates six charter schools in the District of Columbia, primarily servicing underprivileged kids from lower socioeconomic groups.
When Jennifer Loi, the Director of… Read More
2020-01-11 07:22
The Fair Isaac Corporation’s Small Business Scoring Service (FICO SBSS) score has become an increasingly important factor in small business borrowing.
“SBSS” is no… Read More
2020-01-10 06:42
As a small business owner, you want to show your employees you value their services by providing a healthy paycheck. But given the expense and unpredictability of running a small bu… Read More
2020-01-09 18:20
According to the IRS, in 2016 — the most recent data provided by the organization — Americans filed more than 150 million individual income tax returns, reporting nearly… Read More
2020-01-09 18:20
Most taxpayers have interest or dividend income that they must report on their personal tax return. Form 1040, the U.S. Individual Income Tax Return, requires taxpaye… Read More
2020-01-08 17:43
Financial forecasting is a crucial tool for any business because it enables you to anticipate profits. The ability to accurately predict fluctuations in revenue allows you to overco… Read More
2020-01-08 17:43
Small businesses are no longer chained to their front counters to process customer transactions. While big, bulky terminals are still common, mobile credit-card readers that attach… Read More
2020-01-08 17:43
Dom
Meeting your goals for growth is one of the most rewarding feelings a business owner can experience. You’re hiring new employees, increasing revenue, and ma… Read More
2020-01-08 17:43
While the 1040 is one of the most common tax forms — if you ask almost any tax-paying American, you’ll likely see a glimmer of recognition — it’s also decept… Read More
2020-01-07 17:02
It’s a business owner’s worst nightmare: You can’t pay the employees who count on you to meet their own financial obligations. Often this is a sign of a business i… Read More
2020-01-07 17:02
Payroll processing can provoke no shortage of headaches for those new to small-business ownership. Setting up your company’s payroll — from computing employee taxes to e… Read More
2020-01-07 17:02
Information from the Bureau of Labor Statistics found that the average self-employed worker spent 8.5 hours working during the weekday and 5.4 hours working on the weekend. Compare… Read More
2020-01-04 15:04
Problems with payroll processing can creep up on you. Mismanage your data—by using spreadsheets or other manual tools—and bam, you could end up slipping on a financial b… Read More
2020-01-04 15:04
Changing the world was never supposed to be this complicated, was it?
You always knew that running a nonprofit was going to have its challenges. That’s half the reason you wer… Read More
2020-01-04 15:04
One year on from the Tax Cuts and Jobs Act, QuickBooks Payroll surveyed 600 small business owners, accountants, and bookkeepers throughout the U.S to find out how they have res… Read More
2020-01-04 02:41
While starting and running a company, you will make thousands of choices. Some decisions are significant, and some are small, but each will affect your business in some way. As time… Read More
2020-01-04 02:41
As a new business owner, you likely find yourself taking on a lot of different responsibilities. You may be dealing with investors in the morning and your marketing team in the afte… Read More
2020-01-04 02:41
Editor’s note:The following is a guest article by Brian Lim, founder and CEO at Emazing Group Brands, and Ben Oliveri, writer at QuickBooks Enterprise
It’s easy to get c… Read More
2020-01-04 02:41
Nearly every business needs a line of credit at some point. Unless you’re running a small lemonade stand, it’s virtually inevitable.
A business may need a loan for a num… Read More
2020-01-04 02:41
As an entrepreneur, you might opt to work with an established brand and business instead of starting your own business from scratch. Franchises can have lower startup costs compared… Read More
2020-01-01 13:01
When do I need to collect sales tax?
Physical goods
If you sell physical goods in a particular state, you are probably required to collect sales tax from your customers. However, th… Read More
2020-01-01 13:01
Unless you live in a single rate state like Massachusetts, where you calculate sales tax at one rate (6.25%) for every address in the state, the total sales tax rate for a given add… Read More
2020-01-01 13:01
It’s important to understand what your business is worth. Sure, you may already know what your cash flow looks like or how your company is doing budget-wise. But, when was the… Read More
2020-01-01 13:01
Small businesses fail for many reasons, including some that are beyond the owner’s immediate control. It’s a reality of entrepreneurship — not every new business w… Read More
2020-01-01 13:01
When you’re running a business, it’s easy to think your idea is great and your business is healthy. While optimism is important and you should stay positive, being reali… Read More
2020-01-01 13:01
You know your company’s great. In fact, to you, it’s likely priceless. While your business may be worth all the riches in the world to you, knowing how to determine the… Read More
2019-12-31 12:23
It’s always best to hire an accountant who has earned certifications; it means they pride themselves in learning the latest trends in their field and are continuously striving… Read More
2019-12-31 12:23
As a small business owner, you are likely always concerned about your bottom line. If you manufacture goods, you probably understand how critically the production process can impact… Read More
2019-12-31 12:23
Having an effective accountant is a critical part of any small business. Unfortunately, hiring one is one of the most hastily-made decisions that small business owners make. Too man… Read More
2019-12-31 12:23
Proper market research is at the core of any successful business. Unfortunately, many small-business owners are intimidated by the process, believe it’s too expensive or don&r… Read More
2019-12-31 12:23
A few simple actions can save you hundreds of dollars in your new entrepreneurial venture. If you manage a staff, for example, you can take steps to reduce your unemployment insuran… Read More
2019-12-27 22:01
Paying off debt often seems like an insurmountable task. As a small business owner, you may have limited funds. The earlier stages of your company are when you’re most likely… Read More
2019-12-27 22:01
What is the cost of the products and services that you sell?
Now, that may sound like an odd question. After all, you generate and review your income statement each month, which rep… Read More
2019-12-27 22:01
A Limited Liability Partnership (LLP) is essentially a combination of General Partnerships (GPs) and Limited Partnership (LPs).
Like a General Partnership, Limited Liability Partner… Read More
2019-12-27 09:44
So, you’ve decided to become a freelancer. First off, congratulations! You’ve just joined the ranks of more than 57 million enterprising small business owners.
But, once… Read More
2019-12-27 09:44
Before computers and software, we did all of our accounting by hand. Any accounting records were kept in large binders with reams of paper on file. Fortunately, accounting has gone… Read More
2019-12-27 09:44
Double-entry bookkeeping is a hugely important concept that drives every accounting transaction and a company’s financial reporting. Business owners must understand this conce… Read More
2019-12-27 09:44
Have you ever considered letting your customers decide how much they’ll pay for your products or services? It may sound like a radical concept, but pay what you want (PWYW) pr… Read More
2019-12-27 09:44
It’s no secret that how people perceive a company and the company’s standing in the marketplace have a profound effect on its overall financial success. Just look at the… Read More
2019-12-27 09:44
You have probably discovered by now that as a small business owner, you’re faced with dozens of decisions every day that will impact your company. Some of these decisions, lik… Read More
2019-12-27 09:44
Since most new businesses need capital to grow, it’s vital to explore all funding options so you can make an informed decision for your business. For some business owners, a s… Read More
2019-12-27 09:44
As consumers spend more and more time shopping, scheduling appointments, and playing games on their mobile devices, business owners are getting wise and developing apps to make the… Read More
2019-12-24 07:24
Small businesses may seem invisible, compared to more established brands. But, when it comes to cyber crime, your business is just as visible — and vulnerable — as any F… Read More
2019-12-24 07:24
To build a great team, it’s important to retain your best employees. One of the most influential factors in keeping employees happy on the job is offering benefits.
Managing b… Read More
2019-12-24 07:24
Every year, millions of startups spring up around the globe, as business owners try to succeed in numerous industries. No matter the type of business, every startup faces a life of… Read More
2019-12-24 07:24
Filing your taxes as a W-2 employee can be overwhelming. But, when you’re self-employed, the labyrinth of paperwork and potential tax deductions creates a tax situation that&r… Read More
2019-12-24 07:24
When is the last time you renegotiated pricing with your suppliers? It’s one of the best ways to decrease your expenses so you can realize more profit in your business. As the… Read More
2019-12-24 07:24
As a small business owner, managing your expenses can be a full-time job. Juggling receipts, bills and invoices can cause you to drown in piles of paper. However, the importance of… Read More
2019-12-23 06:42
Running your own business—and especially getting a new business started—can often feel like a game of tug of war. Except you’re the rope.
Your customer needs a que… Read More
2019-12-23 06:42
Attracting customers is critical to success—especially in the early stages of starting a business. Sadly, even for owners with a solid business plan, truly understanding … Read More
2019-12-21 17:42
Taxes aren’t a favorite topic among business owners or anyone for that matter — unless you’re the IRS. (Gross receipts tax? More like “Gross, receipts tax.&r… Read More
2019-12-21 17:42
You’ve decided you’re ready to grow your small business, gain more clients, and earn more revenue.
You’ve even decided it’s time to bring on some full-time e… Read More
2019-12-21 17:42
When you establish a company by forming a limited liability company (LLC) or corporate entity, you are creating a separate legal entity. The entity can enter into contracts, purchas… Read More
2019-12-21 17:42
The unexpected can sideline any small business.
Financial losses from a product defect, data breach, serious illness or work-related automobile accident can force business owners to… Read More
2019-12-21 17:42
Business insurance is an important risk management tool, but the premiums payments can be expensive.
The amount of insurance your small business needs depends on the products and se… Read More
2019-12-21 17:42
A recent study found that 75% of buyers said they judge a company’s credibility based on its website design. However, nearly a third of small businesses still don’t have… Read More
2019-12-21 17:42
Affiliate marketing is a method where a retailer, merchant, or brand can acquire customers by using an “affiliate network” to put ads, banners, or information on third-p… Read More
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