Small Business

September 5, 2018 

Managing inventory properly is a critical function for retail-based businesses, as well as for service-based businesses, like plumbers and electricians, who may sell products along with the services. This is because inventory costs reflect affect actual profit, and inventory in stock affects is considered an asset for balance sheet, business valuation and taxation purposes.

Isaac M. O'Bannon

September 5, 2018 

Confidence in the economy was reflected in small business owner attitudes about their current and future financial situation. In the July Wells Fargo/Gallup Small Business Index, 78 percent of small business owners reported their financial situation ...

September 3, 2018 

Women entrepreneurs are increasingly optimistic about the future and leading the digital transformation, according to the 2018 Bank of America Women Business Owner Spotlight. The annual study of more than 1,000 entrepreneurs across the country found increased confidence toward future revenue growth, as 58 percent of women entrepreneurs expect their revenue to increase in the...…

September 3, 2018 

At least one-quarter of small businesses (27%) do not keep their personal and business finances in separate bank accounts. While this works for some businesses, it's typically not recommended and potentially is risky, experts said.

August 24, 2018 

Women started an average of 1,821 new businesses per day in the U.S. between 2017 and 2018, according to analysis in the 2018 State of Women-Owned Businesses Report (PDF) commissioned by American Express. This level of new business formation ...

August 21, 2018 

As we all know, however, the economy is cyclical. And while it’s important to capitalize when times are good, smart business owners also make sure they’re prepared in case things start moving in a different direction.

Mike Plaster

August 21, 2018 

One of the biggest challenges of launching a new business is finding the cash to get things started. Fortunately, there are options besides winning the lottery or receiving a large inheritance, including small business loans, credit cards, bootstrapping with retirement savings, seeking private investment, and crowdfunding.   Before we examine the various funding sources, here...…

August 20, 2018 

Owning your own business means staying current on new laws, requirements and filings. That’s a lot to tackle, and in many cases your clients rely on you to keep them compliant. Do your clients even know they need to maintain their corporation or LLC ...

Nellie Akalp

August 19, 2018 

Most businesses will take control of their own energy use by generating a quarter of their electricity onsite by 2025, with 81% of U.S. businesses predicting this change will take place in just seven years.

August 19, 2018 

Here are three sales tax mistakes a lot of small business owners make when they’re first starting out (and in some cases, even after they’ve been up and running for years).

August 17, 2018 

Thomson Reuters has launched OnBalance Express, a cloud-based accounting application that helps small business owners run their businesses from anywhere with ease. The web and mobile app combines the accessibility and security of cloud accounting ...

August 16, 2018 

  Entrepreneurs Optimistic About Business Outlook By Isaac M. O’Bannon, Managing Editor Business owners have a generally positive business outlook, feel good about their ability to find new customers, and are relatively optimistic about the state of the U.S. economy. That’s according to data from the first Paychex Business Sentiment Report, which polled 500 randomly...…