Sometimes, debt is a necessary evil when running a business. Taking on debt may be your best option when you don’t have enough equity to operate. But, how much debt is too much debt? And, when does debt become “bad”? The accounting debt-to-equity ratio can help you determine how much is too much and draws […]Read More Debt-to-equity Ratio: How the Math Works for Your Business
You know that running a business means tracking all of your incoming and outgoing money. So, you write it all down and track every single penny and transaction. But, how do you analyze all of that information? The answer: accounting reports. Let’s dive into the seven accounting reports you should know when running a business.Read More 7 Accounting Reports You Should Know Inside and Out as a Business Owner
Financial reports and accounting information may seem time-consuming or confusing. But, that data is an essential part of running a business—especially when you need to make big decisions. Do you need to take out a loan? Can you afford to give raises to your employees? What about buying new equipment? All of these questions can […]Read More How Does Accounting Information Help in Decision Making? The Employer’s Guide
When you hire employees, the excitement is high. But sometimes, you get someone in a position that doesn’t quite work out the way you thought it would. So, you make the tough decision to let the employee go from your business or change the employment relationship (e.g., move the employee to another department). When this […]Read More The Legalities of At-will Employment: What You Should Know as a Business Owner
Running a business can be hard. You have to manage your finances, employees, timesheets, paperwork, inventory, and accounting. With so much to keep track of, things can fall through the cracks. Where did you put last pay period’s timesheets? Are your employees’ new hire information sheets stored safely? Did you add the latest payroll taxes […]Read More What is Payroll Integration, and How Can it Help Your Business?
Finding new work for your business is exciting. But sending an estimate? That can be a cause for a moment of panic. What to say when sending an estimate is important because you are selling your work and skills to a potential client. Read more about what to say when sending an estimate and how […]Read More Sell Your Work: What to Say When Sending an Estimate
When an employee comes to you to request time off, you may start asking yourself what kinds of leave you should offer. Perhaps you have a paid time off (PTO) policy. Or maybe your state has paid sick leave laws you must follow. You may also need to provide Family Medical Leave Act (FMLA) leave […]Read More An Employer’s Ultimate Resource to Intermittent Leave
Whether you’re opening the doors to your business or 20 years into the swing of things, you may be considering a loan. One option is a loan through the Small Business Administration (SBA) if you have a small business. But, what is an SBA loan? And, how do you complete an SBA loan application? Let’s […]Read More 7 Steps on How to Apply for an SBA Loan
The digital world is changing a lot. So, you’re probably wondering how to change with it, especially when it comes to your business. And, that may make you think about the latest buzz in finance—cryptocurrency.Read More Cashing in on Crypto: Your Guide to Crypto Payments and Accounting
Notices from the IRS are enough to stop you in your tracks. If you receive what is known as a lock-in letter, you need to take action. Don’t panic, though. Lock-in letters are easy to resolve and prevent in the future. Keep reading to learn more about lock-in letters, what they mean, and what you […]Read More You Received a Lock-in Letter—Now What?