Fundera
MARCH 31, 2019
Whether you’ve been running your home-based business for a while or are just starting out, you may be wondering about incorporating your business. That is, forming an official legal business entity, such as a limited liability company (LLC), to help to project your business and personal assets. Even if you work alone and intend to keep your business small, there are still advantages to incorporating.
Eastern Credit Management Services
APRIL 1, 2019
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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Fundera
APRIL 1, 2019
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.
Fundera
APRIL 4, 2019
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.
Fundera
APRIL 3, 2019
Chart of Accounts Definition. A business chart of accounts is a visualization of all of the accounts in a business’s general ledger that are currently in use. The chart of accounts is divided between accounts reflected in a business’s balance sheet and accounts reflected in its income statement. No matter what type of business you operate, you need a chart of accounts.
Fundera
MARCH 30, 2019
What Is ISO 9001 Certification? ISO 9001 certification indicates a business’s ability to consistently provide products or services in accordance with a documented quality management system. The certifying body is the International Organization for Standardization (ISO), an international agency represented by more than 160 countries. Maybe you’ve already started a business and are looking to take it to the next level, or maybe you’re looking to streamline your costs.
Credit Management Source brings together the best content for credit management professionals from the widest variety of industry thought leaders.
Fundera
APRIL 4, 2019
As a small business owner, you are responsible for many different elements of your operation. In addition to taking care of the ins and outs of managing your business, you also have to manage your employees, which includes paying them. If you’ve ever been employed at another company, you’re probably familiar with direct deposit. Direct deposit is a great way to make payday easier for both you and your employees.
Fundera
APRIL 3, 2019
If you’re like most small business owners, you don’t have the time, accounting expertise, or interest to keep up with bookkeeping each month. But you know how important it is to stay on top of your books, review transactions, and prepare for tax time. Bench Accounting is an online service that does your bookkeeping for you so that you can focus on running your small business.
Fundera
APRIL 5, 2019
Trying to streamline a small business can be tough. From balancing employee schedules to fielding the costs of a brick-and-mortar store, keeping a company running efficiently is no simple task. Luckily, a rapidly-growing trend called hot desking is taking over as the latest and greatest way to organize offices. Keep reading to learn more about hot desking and how it works, or jump straight to the infographic to get our tips on how to make hot desking work for your company!
Fundera
APRIL 5, 2019
What Are FICA Taxes? FICA taxes are social security and Medicare taxes that employers and employees need to pay. Businesses must withhold FICA taxes from employees’ wages, pay employer FICA taxes, and report both the employee and employer share to the IRS. 2019 FICA tax rates are 12.4% for social security, 2.9% for Medicare, and a 0.9% Medicare surtax on highly paid employees.
Fundera
APRIL 4, 2019
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.
Fundera
APRIL 5, 2019
What Is a High-Risk Merchant Account? A high-risk merchant account is a merchant account given to a business that the payment processor deems to be at greater risk of fraud and chargebacks. Payment processors determine if a business is “high risk” during the underwriting process for a merchant account. Factors they consider include the nature of the business, its financial history, and its location.
Fundera
APRIL 4, 2019
TouchBistro has enjoyed a fast rise in the restaurant POS world. Since launching in 2010, the point of sale (POS) provider has grown to power over 16,000 restaurants in more than 100 different countries, while processing over $8.5 billion in payments, according to their website. While that’s all fine and good, we’re giving TouchBistro an independent evaluation to determine if it lives up to the hype.
Fundera
APRIL 3, 2019
Chart of Accounts Definition. A business chart of accounts is a visualization of all of the accounts in a business’s general ledger that are currently in use. The chart of accounts is divided between accounts reflected in a business’s balance sheet and accounts reflected in its income statement. No matter what type of business you operate, you need a chart of accounts.
Fundera
APRIL 3, 2019
As a business owner, there’s no doubt you’ve thought about selling your product or service online. With the continued growth of online sales, more and more businesses are figuring out how to start an ecommerce business. Part of the development process is finding the right ecommerce software that will allow you to run the entirety of your online business operations.
Fundera
APRIL 2, 2019
Retail is big business. According to the U.S. government program SelectUSA , there are over 3.8 million retail establishments in the United States. These retailers accounted for nearly $2.6 trillion in sales in 2016, the most recent date for which data is available. Retail might be big business, but small and medium-sized businesses have a huge impact on this sector.
Fundera
APRIL 2, 2019
As a small business owner, it can be a challenge to balance all of your different roles and responsibilities. As you grow, tasks that are easy for big corporations—payroll, employee benefits, time off tracking—can become more and more complicated, and time-consuming. While all of these elements are an important part of running a business, you may not have the people or the time to adequately devote to daily maintenance.
Fundera
APRIL 2, 2019
Lightspeed POS Review. Lightspeed for Retail is an advanced retail POS system that provides merchants with all the tools they need to effectively run their business. However, given its price tag ($99 per month plus hardware and payment processing costs), we recommend it only to larger retailers who can afford to invest in an advanced POS system. Small businesses don’t necessarily need all the features Lightspeed Retail provides.
Fundera
APRIL 1, 2019
If you’re a small business, your point of sale system is one of the most important components in your sale process. Talech POS is a cloud-based point of sale (POS) system geared specifically toward restaurants and retail businesses. With a wide range of top-rated POS products available, how do you know if Talech is best for your business? This Talech POS review is here to help.
Fundera
APRIL 1, 2019
If you’re running your own business, your to-do list never seems to shorten. When you’re really swamped, some tasks always find a way to sneak down to the bottom of that long list—even if they need to get more love than they ever seem to receive. Human resources-related tasks tend to be particularly suited to this phenomenon. Mostly because keeping on top of employee records, timesheets , payments, and benefits administration can be a massive time investment at best, and a frustrating mess of sp
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