Average start-up costs for small businesses vary widely based on your business model, location, and industry. While there is no single amount that applies to every business, understanding the most common startup costs can at least help you make an accurate calculation for your situation…
Check fraud: what it is and how to avoid it at your business
Check fraud affects everyone. It affects the retired couple down the street who mistakenly deposited a counterfeit check and are now out $500. It affects your neighborhood supermarket, which has had thousands of dollars of returned checks in recent months. It affects financial institutions that cash checks for customers who knowingly have no...
Why every business owner needs a business credit card
When you’re a business owner, it’s normal to focus on running and growing your business. But the way you pay for business expenses is equally important, and this is an area where business credit cards can be a huge help.
A small business guide to bonus depreciation
Before we discuss bonus depreciation, let’s define depreciation.
You usually can’t report the entire expense of a fixed asset in the year of purchase. It’s customary to break up the expense over a period of years. You depreciate an asset over its useful life, reflecting the time you expect the asset to generate revenue and be of use to the business.
How to use variable pay in your small business
You have to spend money to make money. It’s an adage few can refute.
Variable pay is one of those business expenses which, when effectively implemented, can yield handsome returns.
Direct vs. Indirect Costs: What’s the Difference?
As a business owner, you need to manage all aspects of your business, including accurately accounting for various costs. Whether you’re using accounting software or recording expenses manually, one area where business owners may struggle is properly categorizing direct costs and indirect costs.