Fundera

OCTOBER 24, 2018

In all of the business planning you’ve done, you might not have thought about how to hand over your stake in the business when you retire or move on. Or, in a worst-case scenario, what happens to the finances when selling your business in the event that you’re incapacitated or die. Hard stuff to think about, but it’s better to have a plan for selling your business in these cases—known as a buy sell agreement—than be left unprepared.

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Bankruptcy 89

Fundera

OCTOBER 25, 2018

There’s never been a better time to learn how to start a construction company. The construction industry is booming—non-residential construction is on track to grow by 4% in 2019 , which could open the door for new construction firms to help meet demand. If you want to start your own construction company, now might be a perfect time: interest rates are still relatively low and banks are more willing to dole out business loans than they have been in recent years.

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Credit Scoring Small Businesses 83

Fundera

OCTOBER 23, 2018

As you start your search for a credit card reader for your small business, you’ll begin to realize how many subcategories of different kinds of credit card readers there are. Whether you’re searching specifically for a credit card reader for iPhone, for Android, or simply a credit card reader app, you’ll likely have to sift through lots of options before you find the exact type you want.

Small Businesses 80

Small Businesses Credit Card Payments Transactions Payment Portals 80

Fundera

OCTOBER 20, 2018

There are plenty of circumstances where it may become necessary to change the name of your business. Maybe your brand has shifted to offer products and services that don’t necessarily reflect the company’s name anymore. Your name could be a bit generic, allowing it to easily get confused with the names of other competing businesses. Or, it might be time to hit refresh on the company altogether and changing its name is part of that process.

Small Businesses 77

Small Businesses 77

Fundera

OCTOBER 21, 2018

What Is a Home Office Deduction? Business owners who regularly operate their businesses in their home can deduct some of their expenses and save money on their taxes , granted they keep careful records and meet the IRS’s requirements. If you use part of your home exclusively and regularly for your business, keep reading for our guide on how to claim home office deductions.

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Deductions Small Businesses 75

Fundera

OCTOBER 22, 2018

Deciding to become a credit card merchant is a huge step for a small business. Whether you decide to take on credit card processing capabilities from the get-go, or you gradually build your way up to it, it’s certainly a valuable step toward preparing your business for major growth. This exciting moment will come with a weighty question, though—which credit card processing companies are worthy of processing your business’s transactions?

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Small Businesses Credit Card Payments Transactions Default 72

Fundera

OCTOBER 24, 2018

What Is Intuit QuickBooks GoPayment? The Intuit QuickBooks GoPayment app is the mobile payment processing app by QuickBooks. Through Intuit GoPayment, business owners can process keyed-in, camera-scanned, magstripe, chip, and contactless payments, depending on which GoPayment card reader they opt for. If you use QuickBooks Online, QuickBooks Desktop, TurboTax, and/or Mint to manage your business’s finances, then QuickBooks GoPayment will easily sync with your pre-existing accounts.

Transactions 69

Transactions Small Businesses 69

Fundera

OCTOBER 20, 2018

How to Find and Choose a Business Bankruptcy Lawyer in 5 Steps. Evaluate your business’s financial situation and goals. Recognize the red flags of bankruptcy mills. Source bankruptcy lawyers through referrals, bar associations, and legal directories. Compare bankruptcy lawyers by asking the right questions. Ensure that court fees and lawyer fees meet your budget.

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Business Bankruptcy Bankruptcy Chapter 11 Chapter 7 59

Fundera

OCTOBER 26, 2018

Yelp has become a permanent fixture in the restaurant industry. Consumers rely on it to get information about nearby establishments, while business owners can use it to advertise their company and gain considerable exposure. Even if you have a Yelp page for your business , you might not be taking advantage of everything this platform has to offer. In this post, we’ll detail six ways that your restaurant can utilize Yelp to increase sales, connect with customers, and gain valuable insights.

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Fundera

OCTOBER 24, 2018

As much as starting a business (and running it) involves creativity, grit, and great ideas, it can also involve some pretty tedious paperwork—and knowing which forms the government needs from you based on the type of business you own. IRS Form 8832 is just one of those forms. Depending on their business entity, certain companies can use Form 8832 to elect how they’d prefer to be classified for federal tax purposes.

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Default 55

Fundera

OCTOBER 22, 2018

Your business’s financial statements are a report card on how your business is performing. Without them, you’re left with only your instincts and your bank account balance to inform you on your business’s health. This could lead you to make costly—or even devastating—mistakes in your business decisions. But interim financial statements can help. Especially if you follow publicly traded companies, you might have heard of “interim financial statements,” which are published with publicly traded com

Nonprofit Organizations 54

Nonprofit Organizations Small Businesses Transactions 54

Fundera

OCTOBER 22, 2018

A business checking account is crucial to banking responsibly since it keeps your business’s money both safe and accessible. Placing your business earnings into a business bank account keeps them FDIC-insured, easier to track, and safer from loss or theft. It also keeps your funds in one place to more easily deposit earnings, make withdrawals and purchases, and pay any employees.

Small Businesses 52

Small Businesses Transactions 52

Fundera

OCTOBER 20, 2018

What Is the EBITDA Formula? EBITDA stands for Earnings Before Interest, Tax, Depreciation, and Amortization. It’s another way to measure your business’s income, along with net income and operating income, as well as cash flow and revenue. There are two different EBITDA formulas, but the result is the same with either calculation. The world of small business accounting is filled with acronyms : FICO score.

Default 52

Default Small Businesses 52

Fundera

OCTOBER 26, 2018

If you’ve ever owned a house or a car, you’re already familiar with collateralized business loans , whether you realized it or not. What this means is that your bank or lender essentially owns the asset—like your house or car—that you’ve pledged to secure your loan. If you default on your loan, the lender will seize and liquidate that asset to recoup the debt.

Small Businesses 50

Small Businesses Credit Scoring Default Credit Unions 50

Fundera

OCTOBER 25, 2018

Are you managing your business’s assets as efficiently as possible? The asset turnover ratio can help you figure this out. Asset turnover ratio is one of the most crucial business equations and accounting formulas to know. Not only will this figure help you understand if you should tweak your processes (like production, for instance) to optimize your sales, but it’ll also give you a sense of whether you’re performing your best as a manager.

Small Businesses 49

Small Businesses 49

Fundera

OCTOBER 26, 2018

What Is Square Payroll? Square Payroll is Square, Inc.’s payroll software that allows you to sync your Square Point of Sale to automatically import your employees’ virtual timecards into your compensation system. Beyond that, Square Payroll also offers additional time-saving features like compliant tax filing, online employee and contractor accounts, direct deposit payments, and tip syncing.

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Dashboards Deductions Small Businesses 40

Fundera

OCTOBER 25, 2018

The Top 3 Retail POS Systems of 2018. Here are the top three POS systems for retail stores and stands, depending on what you need from your retail POS system: Intuit QuickBooks GoPayment is the retail POS system that offers the most bang for your buck, with a BlueTooth chip and magstripe reader that comes free with your account. Clover Flex is the best retail POS system for businesses that want a balance of mobility and capability from their point of sale.

Transactions 40

Transactions Small Businesses 40

Fundera

OCTOBER 21, 2018

If you rely on PayPal to process payment from customers, to vendors, or both, then you might be wondering what your PayPal credit card reader options are. The online invoicing that PayPal offers can be a lifesaver for companies that need to remotely access payment from customers. But for those moments that you find yourself face-to-face with your customer who’s ready and willing to pay you for your goods or services, nothing is quite as annoying as having them type out all of their card informat

Transactions 40

Transactions 40

Fundera

OCTOBER 21, 2018

Huntington is an Ohio-based bank that’s been around since 1866. The bank’s credit card offering has some decidedly 21st-century features, however, including a compelling 4% cash back in a category of your choosing, and 1% cash back on all other purchases. With no annual fee and no foreign transaction fee, you won’t have to worry about fee payments eating into the value of any rewards you earn with the Huntington business credit card, also known as the Voice Business Credit Card.

Transactions 40

Transactions Small Businesses 40

Fundera

OCTOBER 23, 2018

What’s the Difference Between LLC vs. Corporation? Both LLCs and corporations are registered business entities that shield owners from personal liability for the business’s debts and obligations. Differences lie in formation, ownership, governance, and taxes. LLCs have fewer governance requirements and can choose to be taxed as a C-corporation or pass-through entity.

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Small Businesses Deductions Default 95