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How to Promote Your Business On Social Media. Facebook video ads. User-generated content. Customer service. Micro-influencers. Instagram stories. Learning how to promote your business on social media can often feel like a hit-or-miss scenario. And finding the best ways to promote your business on social media, for many small businesses, will involve a lot of experimentation.
The American Institute of Certified Public Accountancy (AICPA) has announced the 2018 winners of The Elijah Watt Sells Award, and among them is Wellen’s very own Joe Cassata! This prestigious award, named after one of America’s first CPAs is given to high performing candidates who pass all four sections of the Uniform CPA exam on the first attempt and achieve a cumulative average of 95.5 across all four segments.
For many small and medium sized businesses making sure their accounts receivable are caught up can be a difficult job. Everything from staffing to revenue can affect this department and out of control accounts receivable can quickly bog down the whole company. The simplest and most effective way to handle them is to pick up the phone and make a collection call, but this can feel awkward and as a result many businesses don’t follow up on their accounts receivable like they should be.
Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.
Best Bookkeeping Apps for Small Business Owners. QuickBooks Online: Best for Reporting. Wave: Best Free Bookkeeping App. Bill.com: Best for Automating Accounts Payable and Accounts Receivable. QuickBooks Self-Employed: Best for Freelancers and Contractors. Bench: Best for Full-Service Bookkeeping. Expensify: Best for Handling Expense Reports. Finagraph: Best for Financial Planning.
How to Use QuickBooks Online: 12 Resources. Quickopedia. QuickBooks Connect Conferences. Intuit Academy. QBO Blog. Real World Training. Intuitive Accountant. Scaling New Heights Conference. Twitter. QBO Chat. Between Wall and Main. Meetup Groups. The QB Show. Learning new accounting software can feel overwhelming. If you’re just starting to learn how to use QuickBooks Online , or considering making the move from QuickBooks Desktop to Online, it helps to have some support.
How to Use QuickBooks Online: 12 Resources. Quickopedia. QuickBooks Connect Conferences. Intuit Academy. QBO Blog. Real World Training. Intuitive Accountant. Scaling New Heights Conference. Twitter. QBO Chat. Between Wall and Main. Meetup Groups. The QB Show. Learning new accounting software can feel overwhelming. If you’re just starting to learn how to use QuickBooks Online , or considering making the move from QuickBooks Desktop to Online, it helps to have some support.
As a small business owner with many responsibilities, dealing with your accounting processes can certainly be one of the most difficult and time-consuming. With all of the important intricacies involved in business accounting, it only makes sense that so many professionals utilize accounting software like Xero to shoulder some of the burden. It takes time and practice, however, to learn how to use Xero in the best possible way for your business.
What Is an IRS Audit? During an IRS audit, the auditor will check whether an individual or business has reported taxable income, losses, expenses, and deductions in compliance with federal tax laws. If the auditor finds a mistake, the individual or business might have to pay a tax penalty and interest. The thought of the IRS auditing your small business taxes sounds very scary for most business owners.
Exhibiting at a trade show can require a significant amount of time, effort, and money, so you’ll want to have a clear strategy in place to ensure you get the most out of the event. To help turn your trade show endeavor into a success, consider implementing the following trade show tips. Before the Trade Show Tips. 1. Research and choose the right trade show.
What Is a Cash Flow Statement? A cash flow statement is a financial statement that shows the flow of cash into and out of your business during a specific period of time. The cash flow statement shows how much cash a company receives and spends on operating, investing, and financing activities. Using this financial statement, you can see whether a company is generating more cash than it is using.
Small business owners have been looking more and more into outsourced payroll solutions to automate what can be a cumbersome process and lead to plenty of potential payroll mistakes—paying your employees and filing payroll taxes. Payroll is a core part of what makes your business function, how you build trust with employees, and how you manage the often complex payroll tax requirements involved with running a business.
How Much Does an Accountant Cost? Generally, accountants charge on an hourly basis or at a per service rate. According to the Bureau of Labor Statistics, the average hourly rate for an accountant in the U.S. is about $40. Accountant fees, however, can fall above or below this number based on the experience of the individual accountant, your location, and the specific needs of your business.
For more than 50 years, the U.S. Small Business Administration (SBA) has celebrated small business owners during Small Business Week. This week of celebration highlights how vital small businesses are to the nation and economy, and offers an opportunity for consumers to rededicate themselves to shopping locally. . This article explores what National Small Business Week can mean for your business and how you can take advantage of or participate in it.
Price Transparency Definition. Price transparency means that a business is upfront with the consumer about the true cost involved in making their product, often including how much the business is making off the selling price. We’ve all been there: You buy what you feel is probably an overpriced product from a major brand, and as you leave the store you wonder how much it actually costs to make.
What Is a Cash Flow Statement? A cash flow statement is a financial statement that shows the flow of cash into and out of your business during a specific period of time. The cash flow statement shows how much cash a company receives and spends on operating, investing, and financing activities. Using this financial statement, you can see whether a company is generating more cash than it is using.
What Is a Small Business Audit? A small business audit is an examination of a business’s accounting books and tax returns to make sure they are accurate and comply with relevant laws. Many businesses conduct an annual internal audit. An external auditor or IRS auditor might also audit your company. When most business owners hear the word “audit,” their thoughts automatically jump to the Internal Revenue Service (IRS) auditing their small business taxes.
How to Collect, Report, and Pay Sales Tax. Determine if your product or service is subject to sales tax. Register for a sales tax permit. Calculate the sales tax rate that you must charge. Collect the sales tax at your point of sale or checkout cart. Send sales tax return and payment to the state. Sales tax is one of many types of small business taxes that entrepreneurs are responsible for paying.
Whether you are opening a new business or yours has been around awhile, one of your biggest expenses is almost certainly labor. Managing your labor costs is a key way to achieve profitability and make sure you stay in business. Here are ways to save on labor costs in your business. Can software help automate work and save you money? There is software out there for everything, and that includes helping keep labor costs down.
Whether you are opening a new business or yours has been around awhile, one of your biggest expenses is almost certainly labor. Managing your labor costs is a key way to achieve profitability and make sure you stay in business. Here are ways to save on labor costs in your business. Can software help automate work and save you money? There is software out there for everything, and that includes helping keep labor costs down.
When it comes to running a small business, customer service is key. Even if your business has an amazing product or service, without the proper customer support, you probably won’t be able to achieve long-term success. Although it might seem like common sense, it can be challenging to implement best practices in this area. Luckily, there are many small but effective ways that your business can tackle customer service challenges.
When it comes to running a small business, customer service is key. Even if your business has an amazing product or service, without the proper customer support, you probably won’t be able to achieve long-term success. Although it might seem like common sense, it can be challenging to implement best practices in this area. Luckily, there are many small but effective ways that your business can tackle customer service challenges.
What Is a Tax Lien? A tax lien is a government’s legal claim to your property after you’ve failed to pay taxes. Should the government enforce the lien, they can seize your real estate, financial accounts, or other property that you own. Tax liens can levied against an individual’s personal assets or against a company’s assets.
What Are Self-Employment Taxes? Self-employment taxes are social security and medicare taxes for freelancers, consultants, and other self-employed business owners. Under the Self-Employed Contributions Act (SECA), individuals who don’t have taxes withheld from their wages must pay self-employment taxes. The current self-employment tax rate is 15.3% of net self-employment income.
What Is Intellectual Property? Intellectual property refers to business ideas and to works or processes that stem from those ideas. Examples include company logos, original literary works, and manufacturing methods. Trademarks, copyrights, and patents are the three main ways to protect intellectual property in the United States. Intellectual property (IP) protection is a largely misunderstood, but very important, part of running a business.
What Are Self-Employment Taxes? Self-employment taxes are social security and medicare taxes for freelancers, consultants, and other self-employed business owners. Under the Self-Employed Contributions Act (SECA), individuals who don’t have taxes withheld from their wages must pay self-employment taxes. The current self-employment tax rate is 15.3% of net self-employment income.
How to Know If Your Accountant Is Good. There are a variety of signs that can tip you off as to whether you’re working with a good accountant or not. If your accountant openly discusses other clients with you, offers to lie or sign documents on your behalf, and doesn’t provide straightforward answers, these are signs you are not working with a good accountant.
How to Perform Job Costing in QuickBooks Online. Job costing in QuickBooks Online is a multi-step process that requires job numbers to be assigned to individual items of expenses and revenues. To get started with job costing in QuickBooks you must adjust your settings to track expenses by customer, update the settings on your customer list, products, and services, and then submit estimates and invoices to your customers.
Business Influencers Definition. Business influencers are individuals who have cultivated a specific audience, typically on social media, and therefore, have the ability to affect the purchase decisions of others. These influencers have the potential to help small business owners by promoting their business or service at little to no cost. As a small business owner, you know the tricky game that is allocating resources to a marketing campaign.
When you think of social media marketing for small businesses, which platforms come to mind? Facebook and Twitter, the giants of the social world, are probably at the top of your list. These heavy hitters in the social media space are great tools for targeting your consumers and delivering your messages, but there’s one social platform you may be overlooking: Pinterest.
3 Best Restaurant POS Systems. Clover POS. Square for Restaurants. TouchBistro POS. Running a restaurant can feel like just that—running. Whether you’re providing a full-service or quick-service dining experience to your customers, your restaurant needs to be a well-oiled, fast-moving machine. Y our restaurant POS system is a crucial cog in this machinery.
An ICO (initial coin offering) is a method of raising capital for a business by selling one form of cryptocurrency in exchange for another. Similar to an IPO (initial public offering) in the investment world, ICOs typically function by selling crypto tokens in exchange for bitcoin or ether. Essentially, this gives buyers a share of your company. This exchange, which has been called the crowdfunding of the cryptocurrency world, is seen by some as a controversial and unregulated way of raising fun
Clint Compton enjoys a good cocktail. While out at a trendy Dallas bar with his wife in 2011, he saw something he had never seen before: His whiskey was served with ice in the shape of a sphere. The bartender explained that the sphere shape gave the drink more ice than a cube would—but since less of the ice is touching the actual drink, it melts more slowly, for an optimal drinking experience.
Running a hair salon or spa can not only be a way to pursue your passion, but it can also be a lucrative endeavor. But we don’t need to tell you that—that’s likely why you’re on the quest for hair salon financing to build out or expand your business. We also don’t need to tell you that it can take a lot of money to run a hair salon, especially up front with supplies and construction.
What Are Payroll Taxes? Payroll taxes are any taxes that are withheld from or calculated as a percentage of an employee’s wages. This includes federal and state income tax withholding, social security and medicare taxes, federal and state unemployment taxes, and state and local payroll taxes. Most payroll tax revenue is used to administer government benefit programs.
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