For many new business leaders (or established ones), the pandemic’s economic fallout was particularly painful. But with your strong entrepreneurial spirit, and with so many rallying behind you, the light at the end of the tunnel is bright. Even so, keeping track of your finances and...
After a difficult 2020, business owners are hoping to bounce back stronger than ever. With the new year upon us, it can be easy to consume yourself in your new business plans and efforts to adapt. Eventually, business owners will have to step back into the...
Managing your company’s bill payments is no easy feat. The sheer number of invoices to sort through on a regular basis can be overwhelming enough, but using a traditional paper-based billing model presents particular logistical challenges. Think: risk-prone double entry, confusing approval chains, time spent...
In this high-tech, post-cash age, making payments on a mobile device is the new normal. But people aren’t just using their phones and tablets to purchase products or pay personal bills. They’re also using mobile devices to manage bills for their businesses. The popularity of mobile...
Managing the ebbs and flows of your finances is critical to maintaining business growth. When businesses are able to track their financial affairs, they are better equipped to handle unexpected debt, stay ahead of their credit bills and make smart investments for the future. There are some...
The IRS encourages everyone to use the Withholding Calculator to do a Paycheck Checkup, which is even more important this year because of tax law changes. Taxpayers who haven’t yet done this can follow the steps below for using the calculator. Results from the calculator will...
There are important changes that you need to know before the 2019 filing season begins. The IRS is launching the fall series of "Get Ready" communications and outreach messages to help you take action to file your tax returns timely and accurately next year. IRS.gov/getready provides...
Building a successful business model is largely tied to making the right decisions. In order to succeed, new entrepreneurs must carefully consider the costs of launching their life-long dream business. Because the universal truth in business is that money is needed to make money, these decisions carry extra weight. Each...
Timing, as much as anything else, can be crucial to a business’s success and its long-term viability. New entrepreneurs may rely on market conditions or other economic indicators before making splashy decisions, or even launching a new product or service. The timing for incorporating a business, however, depends...
The business world turns by the power of transactions. When a business exchanges a good or service to its client for payment, a Point of Sale system (POS) is utilized to make the transaction possible. Essentially, the POS is the mechanism, including hardware and software, that allows...