Why Credit Cards Should Be Your First Choice of Payment When Running a Business

Once a business is up and running, it is much easier for it to be approved for a business line of credit, compared to the process of getting a personal line of credit. According to reports, approximately 65% of SMBs utilize credit cards, and this number is increasing all the time. By using business credit facilities, a small business owner can preserve cash reserves, while acquiring the necessary supplies, equipment, office space and other assets to run the business optimally.

Business credit card

A caveat is in order: personal credit cards and business credit cards should be separated at all times. The difference between personal and business credit cards is stark.…

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Invoicing Is Your Worst Enemy: 7 Ways To Defeat It

We know—invoicing can be quite a pain, especially when your clients are late or unwilling to pay their invoices.

One of the most important things for businesses to take care of is to make sure they have positive cash flow on a consistent basis.

This cash flow can help keep them afloat by allowing them to meet their financial obligations, including rent, utilities, salaries, and other crucial aspects of their business.

However, if this cash flow is not flowing in, it can lead to lots of problems, including certain business failure.

In order to get this cash flow, then, small business owners need to make sure their invoicing is top-notch.…

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How Financial Apps and Tools Can Help Streamline Your Productivity

Getting to accomplish all tasks within 24 hours can be difficult especially for business owners who never seem to have enough of time. Considering how important the effective use of time is when it comes to productivity level, it affects other essential areas that must be properly managed for the running of a successful business, such as finances. Then again, proper time and financial management is also important to streamline the productivity of any individual who is looking to secure a bright financial future.

Business people using financial software

Thankfully, there are different apps and tools that are available to help achieve this. However, how do these financial apps really help?…

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Learning In The Digital Age

Are you a CEO who is always eager to learn new craft? Or, are you someone who’s eager to change direction in your career? You’re in luck, because the Internet makes learning easy and affordable. Read on to explore the world of education in the Digital Age.

Learning businesswoman

We like to think we can do just about anything online these days, and basically can. We can pay bills, play games, stay in touch with old friends, conduct business, share our personal lives, do research, and take on just about any other activity you can imagine, all without leaving our desks. One area of online utility that a lot of us probably don’t take full advantage of, however, is education.…

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Is Stress Affecting You in The Workplace?

Whilst we all might claim to be ‘a bit stressed out’ from time to time, very few of us take the problem of stress seriously. Yet, stress is a serious condition and left untreated, it can have quite significant effects on our overall health and wellbeing. Whilst it might be seen as a psychological problem, it does in fact impact on many areas of our physical health, and most of us will experience high levels of stress at some stage in our lives.

Work stress

Whether it is caused by a single major event in our lives, such as divorce or bereavement, or it’s the cumulative result of many smaller issues, such as workplace tension or fear of redundancy, stress has the potential to build up into something very serious.…

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Protect Your Business from Slip and Fall Accidents in 3 Easy Steps

Small businesses can be the subject of costly personal injury lawsuits. You’ll want to obtain liability insurance immediately if you have a small business where customers come to a physical location. Premises liability is a doctrine that all business unders are subject to.

The doctrine finds that a business owner can be held liable in a slip and fall accident on the business’s premises.

Slip and fall warning

Business owners have a “duty of care” to make sure the property is safe for employees and customers. You must do everything within reason to make the property safe. Negligence on part of the owner must be shown.…

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Tax Tips for Overseas Companies Operating in The U.S.

The US has one of the most complex tax systems in the world, with local, state, and federal-level obligations creating significant challenges for overseas companies. Making sense of the administrative process, navigating it, and mitigating the risks involved is a huge task in itself, and pitfalls can be difficult to foresee and hurdle even if you conduct due diligence.

While tax is often confusing, it’s incredibly important in today’s business environment to have a mastery of the processes involved. Here are some tips for getting to grips with tax in the US.

Understanding state and local tax

Foreign enterprises operating in the US often fail to recognize the wide-reaching nature of taxing powers as business activity can trigger state-level and federal taxes, which they may not have much experience with.…

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Does Business Location Still Matter?

Today, location plays less of a role in the success of a business than it used to. New technology offers flexibility that can give businesses a better degree of competitiveness and facilitate collaboration on a global scale. That’s great news for startups and small businesses who are increasingly being priced out of prime London city-centre locations.

London City offices

But while office location no longer matters so much to your workforce, it does to your clients. Though customers can be reached any time of day via email, text, video and voice, where you locate your business still matters considerably, and can determine whether you succeed or fail.…

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3 Steps to Take This Year to Avoid Another Tax Season Scramble

Tax season is the enemy of small business owners. Small business owners wear a lot of hats: accounting, marketing, sales – you name it. The small business owner often fills the void in his business.

Doing small business taxes

TurboTax and other online services even allow owners with no accounting experience to file their taxes and take advantage of tax breaks along the way.

But there’s also the anxiety of:

Gathering receipts
Outlining all expenses
Cycling through billings and invoices

Businesses that opt to pay taxes annually and incur the small penalty also worry about having enough money come tax season.

If you’re a freelancer or contractor, chances are you were more focused on staying afloat this past year than worrying about tax season.…

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