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...
How often are small businesses audited? What alerts the IRS to come knocking at your door? While audits are sometimes simply random, and cannot be entirely avoided, the IRS notices a variety of red flags – audit “triggers” that can be prevented. Unfortunately, many...
Most small business owners and entrepreneurs juggle every aspect of business management, from administrative tasks to bookkeeping duties. At some point, however, many owners reach a point where managing every task becomes overwhelming, an ineffective use of time and...
Should I do my own business bookkeeping? The question is common among small and mid-sized businessowners intent on maximizing profitability and optimizing resource allocation. However, at some point during business growth and development, the decision and opportunity...
Small businesses thrive on the relationships they build with customers and product suppliers. However, at any moment, these relationships can struggle due to the lack of proper inventory management. To prevent a shortage or surplus of your company’s products, managing...
As a business owner, navigating complex financial topics can be challenging. However, getting to the root of financial decisions that significantly impact an organization is critical. One such decision lies in business accounting. Every organization must decide which...
Small business owners who recently opened their doors may feel inexperienced with the operational tasks involving bookkeeping. Quickly, they understand that running a company involves more than selling products or services, growing your client base, and increasing...
Most people can work through filing an individual tax return. However, when responsible for submitting your small business taxes, a lot more is at stake. Though 93% of small businesses confidently believe in their ability to accurately file taxes, almost one-third...
As a franchise owner, the success of current and future franchises is indisputably vital, perhaps the single most important goal of your entire business venture. Even individuals with little professional business experience would agree. However, while the success rate...
Operating a small business is demanding. Financial management, customer service, excellent communication, negotiation, project management, networking, and leadership are few of the many business skills required to be more profitable. Amidst daily demands, nagging...
Effective vendor management is an often overlooked process. However, it is one of the most critical processes to ensure the smooth running of your business operations while planning for future growth. Building (and maintaining) strong vendor relationships results in:...
As a small business owner, determining the ideal time to administer payroll may sound simple in theory. But the reality is that your payroll schedule must take into account a number of factors including: state regulations, cash flow needs, overtime rules, and the...
