Small Business | November 3rd, 2020 
“Accounting is the language of business.” – Warren Buffet In 2019, eCommerce accounted for $3.5 trillion in retail sales worldwide. Translation: There’s a lot of money to be made through online sales. Are you going to open a business that relies extensively—if not exclusively—on eCommerce? Then it’s important that you brush up on the basics …
Continue reading “7 eCommerce Accounting Tips & Procedures You Need to Know”
So, you’ve turned your great idea into a lucrative business opportunity, started making sales, and are now thinking about processes that can help take your business to the next level. As a startup owner, your focus is likely set on acquiring customers and generating revenue. While those aspects are key to your business’ success, so …
In the big picture, farming and agriculture are the foundations upon which the human race can achieve actualization; cities, nations, and societies cannot exist without agriculture. But in the smaller picture, farming is a trade, a way of life — and a business. And because it is a business, farming is subject to the same …
Being a new business owner is no easy task. But if you’ve finally succeeded in getting your dream company up and running, it’s time to hire some new employees. There’s nothing more fulfilling than realizing you created a business that allows you to provide people with jobs so they can make a living. However, in …
Many Americans are not familiar with the differences between payroll taxes and income taxes. When most employees get their paycheck, they acknowledge their tax deductions, but knowing exactly how much goes where is not critical. However, for business owners, it is crucial to get very familiar with payroll and payroll tax — and how they …
Continue reading “What Are Payroll Taxes — and Who Pays Them?”
So, you’ve earned a coveted government contract and now you find out that you have to file something called certified payroll. You likely have a lot of questions, primarily “what is certified payroll?” and “how do I report certified payroll?” Don’t worry—we’re here to provide the answers you need. Certified payroll is a subcategory of …
So you’re starting a small business— now what? If you’re going into business with another party whether it’s a friend, investor, or business partner, you’ll need to think about the type of business partnership you’ll want to form. And we’re not necessarily talking about the way you collaborate together or how to make design decisions …
Continue reading “Types of Business Partnerships: Breaking Down the Options”
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