Switching to a business bank account can help you build a professional reputation and establish credibility, limit your personal liability if your business plans don’t work out the way you want them to, and make it easier to manage your business finances and file your taxes. Let’s dig in further to see what other benefits there are to having a business account, and whether there are any drawbacks.
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When you take all levels of government into account, there is an overwhelming number of grant programs available to small businesses. As grants tend to be specialized, the trick is usually finding ones that fit the nature of your business.
It’s pretty common for entrepreneurs to use a personal bank account to manage a new business. But as you grow, is it still a good idea to use that personal account? And how do you know when it’s better to open up a business checking account? Read on for a detailed explanation of when it’s okay to use a personal bank account and why you should eventually upgrade to a business checking account.
Brittany Washington started her business My Beautiful Fluff out of an industry need for plus-sized representation. Like many entrepreneurs, she saw an opening in the market and thought, “If I can’t find it, I’ll create it.” From t-shirts, My Beautiful Fluff expanded into both print-on-demand and manufactured products and has continued to find new ways to grow and reach its audience.
A professional employment organization (PEO) can help a small business offload some of the burden of HR and payroll responsibilities. To determine who are the best PEO companies, we considered price, available features, and the types of small businesses they’re best suited for. Read on to find the right PEO solution for your business.
FreshBooks plans start at $15/month. There are three additional pricing plans to choose from that come with additional features and support for more billable clients. Payroll by Gusto, Advanced Payments, and additional team members each have an additional monthly cost.
Ultimately, corporate card accountability can limit the chance of employees making fraudulent purchases. This can save you time and money by limiting needless audits. Additionally, employees may be more honest with their corporate card use if you communicate clearly that every purchase is documented by the company.
Using QuickBooks in your business to balance the books and handle finances is the first step to simplifying your small business accounting. But once you start actually using the software, QuickBooks can seem anything but simple. Fortunately, you’ll start getting the hang of how to do things in QuickBooks once you start diving in and exploring the software.
Merchant Maverick’s latest report contains a clear finding: customer-facing service jobs easily replaced by technology will disappear at a stunning rate. Seven job categories affected by technological advancements are estimated to drop nearly 20% on average by 2029. This means that roughly one out of every five employees who leaves one of these jobs over the next decade will not be replaced.
India’s economy is largely built on cash, but that’s slowly changing, especially in the wake of COVID-19. As digital banking and mobile payments gain in popularity, more businesses are embracing POS software in India. Need a POS for a business in India? Check out our recommendations, including Lightspeed, Shopify, Retail Pro, and Loyverse.