Want to find a certain product or service’s profitability? Of course you do! To determine how profitable your offerings are and what kind of adjustments your business needs to make to increase earnings, learn how to calculate contribution margin.Read More How to Find Your Business’s Contribution Margin to Determine Profitability
When you open a business that sells products, one of the critical decisions you need to make is how you will sell. Do you plan to sell your products directly to your customers? Or, will you use vendors who distribute your products to their customers? The way you sell determines if your business is retail […]Read More Retail vs. Wholesale: The Differences Businesses Should Know
When it comes to your business, at some point or another you may need to borrow money from investors, lenders, etc. to help grow. One thing they typically look at before shelling out any funds is your financial metrics, like leverage ratios. This article breaks down: Leverage ratio definition 5 leverage ratios to keep in […]Read More 5 Leverage Ratios You Need to Know
Whether you know it or not, your business likely has a number of stakeholders. But, what are stakeholders? Keep reading, and we’ll give you the scoop on the stakeholder definition, types of stakeholders in business, and more.Read More What Is a Stakeholder in Business?
When it comes to pulling reports, establishing a business budget, and filing taxes, you need to know your company’s fiscal year. So, what does a fiscal year mean, exactly? When does the fiscal year start? And, how long is a fiscal year? Read on to get the answers to these questions and more.Read More What Is a Fiscal Year for Your Business and Books?
Business owners have a lot of taxes to know. Sales tax is another one to put on the list. Understand sales tax and how it works for your business to avoid potential penalties. And, that includes knowing if your particular company has to charge sales tax at all. So, let’s answer, “Do I have to […]Read More Do I Have to Charge Sales Tax? The Inside Scoop for Sellers
While some businesses can start in a basement, garage, or kitchen, others require commercial property in the beginning. And, many companies outgrow their original location, so they need to look at commercial property. But, should you buy or lease property for your business? There are pros and cons to buying vs. leasing commercial property. Review […]Read More The Pros and Cons of Buying vs. Leasing Commercial Property
Your company’s tax liability largely depends on the business structure you choose. And if you structure your business as a corporation, you’re responsible for paying the corporate income tax rate on company earnings. So, what is the corporate tax rate?Read More What Is the Corporate Tax Rate? [Federal & State Guide]
Forty-five states and Washington D.C. have some type of state sales tax. Some states might even have different sales tax rates or rules for local taxes or online sales. Chances are, your business is probably in a state with sales tax. To remain compliant, you must know sales tax laws by state. Read on to […]Read More Sales Tax Laws by State: What’re Your State’s Rules?
Your business’s fiscal quarter plays a role when it comes to things like taxes and finances. But, what is a fiscal quarter? Learn all about fiscal quarters and how to use them in accounting and business.Read More What Is a Fiscal Quarter?