According to Public Law 115–97, American companies are liable to pay 21% corporate income tax (CIT). However, that’s just the rate before deductions. An effective corporate tax is what a company pays after subsidies and other loopholes. Keep reading today’s small...
No matter what products or services you’re selling to your clients, if your business lacks efficient cash flow management, you wouldn’t be able to keep the business operations running successfully for a long time. A company with less than perfect cash flow management...
Companies have stringent policies regarding accounts receivable. Despite these policies, many business firms in the US have up to 24 percent unpaid invoices. Pending payments can cause much damage, such as missed investment opportunities, disrupted hiring, delayed...
You never know when an audit of your business’s financials may occur. Therefore, companies should always be prepared for a potential audit of their business financials. Having your business financials audited can be stressful, particularly if you are not prepared for...
Tracking business expenses can be tedious. Without proper attention and strategy, small business owners can quickly fall behind in keeping their financial records up to date. Tracking your business expenses allows business owners to easily see the whole picture of...
Regardless of if retirement is right around the corner or decades from now, it is critical that both you and your employees have a concrete plan of action in place. Have you considered offering a money purchase pension plan (MPPP) as part of your offered retirement...
The financial field is full of acronyms, from AIR and APR to CD and ETF. When discussing financial help for your business, CPA and EA are two acronyms that may emerge, commonly listed side-by-side or used interchangeably. While CPA stands for certified public...
Navigating finances is often one of the most challenging aspects of owning a business. As a business owner and expert in your field, financial concerns may be burdensome. Does time spent unweaving the complexities of a budget, billing, or financial planning detract...
Business owners consistently fight for increased efficiency and profitability when delegating business tasks. At times, personally taking on a task is the most effective option. Other times, outsourcing is the answer. Choosing between both paths is always a cause for...
With many businesses ready to embrace the new year and a fresh start, now is the perfect time to organize and streamline your processes. Have you considered an efficient inventory reporting procedure? Are you in need of professional inventory reporting services?...
Small business management is not an easy endeavor. Amidst a dozen daily challenges, entrepreneurs and small business owners can feel isolated, often tackling every task alone – from bookkeeping and sales to daily, clerical operations. However, you do not have to be...
Understanding the different business insurance types is critical to protecting your business from unforeseen, accidental allegations – claims that could cripple your company if ignored. In the content below, we provide a basic guide to the different business insurance...
