Are you starting a small business and unsure of how to handle your bookkeeping and accounting records? This is definitely a common challenge for many small business owners yet it is a vital aspect of running a business. One question you might have about this subject is whether you should use the cash basis vs […] Read more “Cash Basis vs Accrual Basis Accounting: What’s the Difference?”
Category: Accounting
When starting a small business, one of the biggest decisions that a startup has to consider is where to bank. Banks have their appealing factors, but many of the best banks are suited for larger businesses – thus excluding the startup altogether. Luckily, there is one bank that has been tailored specifically for small businesses […] Read more “5 Reasons Small Business Owners Love Mercury Bank”
One of the biggest problems startups face (amongst other things) is financial management. Having a great idea for a business is just one part of the equation, after all. Not only do you have to be innovative, but you also have to manage all parts of your company meticulously to ensure it doesn’t fail. When it […] Read more “What Is First Republic Bank and Why Is It Great?”
Business owners know the challenges of running a business. Your business has lots of expenses and keeping track of them isn’t easy. Keeping track of expenses can make or break a company. So, having a top of the line expense tracking program is a must. Expensify can help you manage business expenses and more. Keep […] Read more “A Better Corporate Credit Card: An Expensify Review”
Tax season is upon us. It’s time to gather mountains of paperwork in hopes of making the April deadline. If you’re filing your taxes yourself, take extra precaution to make sure you get the maximum refund you’re due and avoid owing more than your fair share. Use this guide to learn how to file a 1099 if […] Read more “How to File a 1099: 5 Things You Need to Know Before You File”
What if the right bank could make your startup dreams come true? Many startups struggle with obtaining funding, and a large part of that is about finding the right bank. However, the struggle is over: Silicon Valley Bank is what your startup has been looking for all along! Wondering what this bank can do for […] Read more “7 Reasons Why You Should Consider Silicon Valley Bank For Your Startup”
Did you know that there are more than 30 million businesses in the US alone and just 50% of them survive for more than 5 years? Apart from management or administrative problems, most small businesses fail simply because the owners are unable to calculate their annual budget properly. The yearly budget is more important than you might […] Read more “How to Set up a Monthly and Annual Budget for Any Small Business”
As a small business, you likely don’t have fully-staffed accounting and bookkeeping departments. But you still need to balance your books, pay your taxes and do financial planning. The problem is these endeavors are complex and time-consuming and you’ve got a business to run. Sure, you could hire more people to help you out, but […] Read more “Hubdoc 101: The Basics from Your Hubdoc Reviews Experts”
For years, many companies offered stock options to high-ranking executives and a few select employees as a reward for their contributions to the company. Since the 1980s, the number of companies offering employee stock options has increased 9-fold. And it’s not just top staff members who are receiving the benefits. More and more, companies are recognizing […] Read more “How Employee Stock Options Can Help You Recruit More Committed Employees”
The biggest challenge for small businesses is focusing on their core products and service offerings when there are so many issues that need attention. For example, payroll is a complex and time-consuming task that must get done. Your employees have to get paid properly and have access to a lot of important information. To be […] Read more “Considering the Gusto Payroll Service? The Basics You Need to Know”
This is an important area for business owners and one that the IRS continues to focus on to make sure that companies are following the rules. Are you properly classifying your workers? Below is the 20 factors test that the IRS uses to determine whether a worker is an employee or an independent contractor. These […] Read more “Is your worker an employee or a contractor?”
As a startup business owner, you know that entrepreneurship is an uphill battle. You have to make the most of limited resources to build your company from the ground up. You have to be agile in every area and incredibly smart about how you use your resources–especially your money. A simple financial dashboard is about […] Read more “The Importance of a Simple Financial Dashboard for a Start-up Company”