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If you’re interested in opening a salon, you’re not alone: the beauty industry is worth over $56 billion annually , and hair care the largest segment with 86,000 locations nationwide. Luckily, there’s rarely a shortage of people wanting to look more beautiful—even in economic recessions—and there’s often a waiting market if one is ready to open their own salon.
Are you thinking about giving your employees the opportunity to work remotely? For many companies, having remote workers streamlines productivity and business growth. Remote work is an upward trend across most industries. More employees, of all generations, want to change the way they work. And as it becomes harder and harder to secure solid talent, telecommuting is a popular benefit many businesses are offering to entice the best employees. .
Entrepreneurs often spend years turning a great idea into a functioning business, and one of the most significant causes behind this slow process is the difficulty most face when securing ongoing business financing. Once you’ve garnered enough seed capital to fund your business , though, you should be in the clear. Right? Not so fast. Just because your company is funded doesn’t mean things get easier.
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 Background Check Sites for Employers. Background Report (Background checks starting at $19.95). Accurate Now (Background checks starting at $24.95). Good Hire (Quote-based pricing). Employment Screening Resources (Quote-based pricing). HireRight (Quote-based pricing). IntelliCorp (Quote-based pricing). Verified Credentials (Background checks starting at $32).
Can a Small Business Get a Tax Refund? The answer is: It depends on the type of business entity and the type of taxes you pay. Generally speaking, C-corporations are the only type of business entity eligible for a tax refund. This is because, unlike other business entities, C-corps’ profits are taxed separately from their owners under subchapter C of the Internal Revenue Code.
Can a Small Business Get a Tax Refund? The answer is: It depends on the type of business entity and the type of taxes you pay. Generally speaking, C-corporations are the only type of business entity eligible for a tax refund. This is because, unlike other business entities, C-corps’ profits are taxed separately from their owners under subchapter C of the Internal Revenue Code.
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What Is Form 2553? Businesses must file Form 2553 with the IRS to elect to be taxed as an S-corporation. The form is due no later than two months and 15 days after the beginning of the tax year in which the election takes effect. After electing S-corp status, the company is taxed as a pass-through entity, so the business’s income and losses are reflected on the owners’ personal tax returns.
If you’re a small business owner who has hired contract employees , you’re required to send them a Form 1099-MISC. This is an IRS tax form that reports income paid to contract employers. There are several versions of this form, including Form 1099-MISC for miscellaneous income. If you paid an individual or a business more than $600 in a single tax year, you should start getting your paperwork ready because you’ll owe them a 1099-MISC form.
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Watch our 3-minute quick guide to push vs. pull payments to find out which is best for your business, and how the right option can save you time and effort when collecting payments.
Best B2B Payments Solutions for Small Business. Fundbox Pay. PayPal. Square. QuickBooks. Plastiq. Due. Transpay. TradeGecko. A few years ago, when you dined out or took a cab ride with friends, you had to settle the payment with cash. Today, you might opt for Venmo, Zelle, Square Cash, or another payment app. Person-to-person (P2P) payment apps are becoming more popular and are expected to account for $240 billion worth of transactions by 2021.
Since opening their doors in 1874 as a frontier bank backed by gold reserves, Bank of the West has grown into a large, regional institution that operates 600 branches in 19 states across the West Coast and the Midwest. This subsidiary of French Bank BNP Paribas, headquartered in San Francisco, provides both consumers and small business owners with an array of credit products, banking services, and wealth management services.
Conway, George Jr., and Ashley Kaka still remember the first time they visited the USS Arizona Memorial. They climbed aboard a boat with their Boy Scout troop, and two Navy sailors drove them out into the harbor and deposited them onto a shiny white floating platform. Looking over the side of the platform into the clear blue water, they could see the sunken hull of the USS Arizona—the final resting place of over 1,100 sailors and marines who were killed during the surprise attack on Pearl Harbor
Being compensated for your hard work is a crucial aspect of being a small business owner—but in order for that to happen in a timely manner, you need a streamlined system of creating, sending, tracking, and organizing your invoices. Thanks to invoice software with both desktop and mobile functionality, like Invoice2go, that’s relatively easy to do. If you’re looking for an easy-to-use, professional-looking invoicing software with an equally functional mobile option, Invoice2go should be at the t
The 6 Equity Bank Business Loans. SBA 7(a) loans. Term loans. Business lines of credit. Equipment financing. Commercial real estate loans. Business credit cards. If you’re running a small business in Kansas, Missouri, Arkansas, or Oklahoma, then you might be considering financing your small business with Equity Bank business loans. As with any regional bank, Equity Bank will be able to offer some pretty ideal terms for business loans —if your business is able to qualify for funding in the first
There are a number of reasons why a business owner should open a business checking account. For starters, it will help you clearly differentiate your personal finances from your business finances, which both simplifies recordkeeping, is crucial come tax time, and establishes your credibility as a legitimate business. Your business checking account will be your designated spot for paying expenses and saving money for future costs.
In the world of ecommerce platforms , Volusion is among the first of its kind. The business launched in earnest in 1999, long before competitors like Shopify and WooCommerce, which launched in 2006 and 2014, respectively. Today, 30,000 different merchants have generated over $28 billion in sales using the Volusion platform. So how has Volusion had such staying power in the increasingly competitive ecommerce platform market?
If you’re a Texan business owner, you may have heard of Frost Bank, or at least driven past one of their 130 branches or 1,200+ ATMs statewide. The San Antonio-based institution serves both consumers and businesses with a range of banking, insurance, investment, and loan products, all with an emphasis on tech-forward solutions. But for our purposes, we’ll focus on what entrepreneurs seeking business financing are likely the most curious about: Frost Bank small business loans. .
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The Bank of Oklahoma offers small business owners six different business credit cards. Three of the business credit cards offer rewards for your spending, three of them are designed to help you pay down balances, and two are targeted toward certain kinds of businesses. If that sounds like a lot to take in, don’t worry. We’ll walk you through each of the Bank of Oklahoma business credit cards and give you some guidance on choosing the business credit card that’s right for you.
Credit card usage is at an all-time high, with Americans carrying nearly $4 trillion of credit card debt. Part of this is driven by necessity. For instance, people use credit cards to build a credit history and to pay for purchases at cash-less retailers. But people also use credit cards for the numerous benefits they provide. Credit cards are convenient, and many offer generous rewards and cash back.
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