April, 2019

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How to Promote Your Business on Social Media: 5 Creative Ways

Fundera

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.

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Wellen team member earns prestigious CPA Exam Award

Wellen Business Credit

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.

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What can Australian sporting clubs learn from the Premier League about recurring payments?

GoCardless

Australian sporting clubs have long looked to overseas sporting codes for ways in which to improve their operations and fan experiences. The UK’s Premier League is a good example of where clubs lead the way on payment strategies.

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5 Keys to Making Effective Collection Calls

Eastern Credit Management Services

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.

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The 8 Best Bookkeeping Apps for Small Business Owners

Fundera

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.

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The Absolute Best Sources on How to Use QuickBooks Online

Fundera

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.

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IRS Audit: How Business Owners Can Prepare for and Pass an Audit

Fundera

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.

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18 Helpful Trade Show Tips for Small Businesses

Fundera

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.

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Cash Flow Statement: What It Is, Example, and How to Prepare One

Fundera

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.

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5 Payroll Mistakes That Could Ruin Your Business and How to Avoid Them

Fundera

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.

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How Much Does an Accountant Cost for Small Businesses?

Fundera

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.

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Small Business Week 2019: The Ultimate Guide for Small Business Owners

Fundera

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.

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Price Transparency: Win Your Customers’ Trust and Business

Fundera

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.

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Cash Flow Statement: What It Is, Example, and How to Prepare One

Fundera

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.

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What Is a Business Audit, and What Types of Audits Should You Be Ready For?

Fundera

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.

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Sales Taxes: The Ultimate Guide for Small Business Owners

Fundera

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.

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How to Save on Labor Costs at Your Business

Fundera

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.

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How to Save on Labor Costs at Your Business

Fundera

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.

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7 Small Ways to Improve Your Business’s Customer Service

Fundera

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.

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7 Small Ways to Improve Your Business’s Customer Service

Fundera

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.

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What Is a Tax Lien, and How Does It Affect Your Business?

Fundera

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.

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Self-Employment Taxes and SECA: Tax Obligations for the Self-Employed

Fundera

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.

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What Is Intellectual Property for a Small Business?

Fundera

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.

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Self-Employment Taxes and SECA: Tax Obligations for the Self-Employed

Fundera

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.

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How to Know If Your Accountant Is Good: If You See These Signs, the Answer Is No

Fundera

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.

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Job Costing in QuickBooks Online: Your Step-By-Step Guide

Fundera

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.

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Business Influencers: How to Find Them for a Free Marketing Campaign

Fundera

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.

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How to Create the Perfect Pinterest Profile for Your Small Business

Fundera

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.

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Restaurant POS Systems: The Best Options for Your Business

Fundera

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.

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What Is an ICO and How Can You Use One to Grow Your Small Business?

Fundera

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