It’s always frustrating when a client doesn’t fulfill an invoice by its due date. Invoices remaining unpaid can affect your ability to sustain your business financially. However, an invoice being one or two weeks past due doesn’t necessarily mean the client is...
For many small business owners, tax time may seem burdensome and overwhelming. Incomplete records, uncategorized expenses, and limited time to file tax paperwork all add to the anxiety, leaving them frazzled. And the IRS doesn’t make it easy on you. There are hundreds...
Managing your accounting records is essential to running a business. Smart business owners use dedicated bank accounts for their businesses to know all the transactions that should appear in their bank statements. But that’s not all—they also carve out time to...
Here’s the truth. Being lazy about your taxes can be catastrophic as a business owner or even an individual. And one area of tax regulation that’s particularly unforgiving of mistakes is payroll taxes. Missing some due dates by as little as 30 days could cost a small...
There is no such thing as a silver bullet in business. Overnight success isn’t real. Businesses that truly succeed are the result of incredibly hard work. Successful businesses not only have a great product or service that people love, they’re also able to generate...
You’ve probably sent or received invoices and bills over the course of running your business, but are you using these terms correctly? Although many treat “bill” and “invoice” as synonymous, they are actually distinctly different forms of commercial documentation that...
