Cash flow can be a significant issue for businesses, especially when it dries up. After all, there are always suppliers to pay, overheads to cover, and resources that you'll need to use to ensure your business will run. In fact, without paying out for these things, your revenue will...
Have you ever wondered what would happen if you get audited by the IRS? It can be downright terrifying. Audits can last months. During that time, you may fear that you made a mistake that could cost you thousands in fines or even your freedom.The fear is more justified...
One of the biggest expenses of any business is payroll. However, did you know that how you designate your workforce can make a difference to your bottom line and tax liability? The Two Main Employee Categories Not everyone who works for you is technically an employee. You can also outsource work, have...
The value added tax is a consumption tax that is used in most European countries. It is similar to the United States sales taxes in some ways, but it is also farther reaching and has a bigger impact on business owners.As a business owner, you need to understand what...
When you decide that your business idea is worth pursuing, you will inevitably need to come up with a plan and this has to involve your finances, too. There are plenty of things you will need to think about, apart from the obvious; your profit margins, your best and...
When you first set up a small business, you tend to be focused on very broad aspects of your brand and company. You’ll focus on product development, product design, market research, advertising, and marketing. This, of course, can be a steep learning curve and you’re bound to have to...
Your office. The place where you work, and make mini business miracles happen day by day. The place where you put together a remarkable team you wouldn’t want to be without. The place you hold meetings with some of the most interesting and helpful network contacts out there. All...
Most businesses rely on some form of machinery whether it’s PCs in an office or construction machinery on a building site. Buying this machinery can often be a big expense and there can be running costs to consider too. Here are just a few tips that can help you...
They say that the rich get richer, that money makes money, but what do you think about having less cash to make you richer ultimately? The world is moving toward a cashless society today as many new shops do not accept cash, people carry less cash, and there are...
Traditionally, applying for credit would take weeks depending on the lender, the loan terms, and the person’s individual case. Typically, a consumer would head to the local bank, fill out an extremely long application, submit the paperwork, and wait for a response. In a week or so, they would...