If you are self-employed, you probably know that you have to set aside fifteen to twenty percent of your income to pay self-employment taxes. What many people don’t know is that you can save a serious chunk of change by capitalizing on self-employed tax deductions.
“Sometimes it’s through inflated rates rather than hidden fees,” said Tom DeSimone, managing editor of Merchant Maverick, a website that reviews e-commerce products for small business owners. “It’s common to see merchants paying 30 to 40 percent of their total processing cost in fees that could easily be eliminated by switching to a different payment […]
An article by Merchant Maverick talks more about the importance of choosing the right POS system for your bar, and goes through the options: “Choosing a point of sale system that’s just right for your business is incredibly important. With the right POS software, your business should produce all you need to live a fairly comfortable life. With […]
One of the most important lessons I’ve learned as an entrepreneur is every business, regardless of industry, size or financial status, is dependent on cash. It doesn’t matter if your business is profitable; if you are consistently dealing with negative cash flow problems you’re struggling.
Tech can help to ease a lot of pressure points in your business, from automating tedious admin to helping your baristas brew a better coffee. Or, as Jordan Nelson at Merchant Maverick puts it: Anyone who’s worked in food service knows there’s more to running a café than good food and great service. You need precision, […]
There are two ways marketers use technology. One is to enhance human interaction, and the other is to automate the process. The reality is that we’re often doing this simultaneously. Successful marketing requires keeping many balls in the air at once as you conduct research, create and execute campaigns, and measure and refine campaigns while […]
“eBay sellers will be able to get funding more easily simply because they have another option available,” said Bianca Crouse, head finance writer for Merchant Maverick. Square’s approach means sellers “don’t have to go out searching for financing,” she told the E-Commerce Times.
When you’re just starting up your business, every penny counts. You’d probably rather spend your already limited funds on marketing and growing your business, rather than on something as mundane as accounting. However, having a strong accounting process is the key to managing finances, and that means learning how to balance the books and maintain a […]
If you’re one of the 1,800,000 sellers on Etsy, you probably spend a lot of time thinking about how you can set yourself apart, what new products you can sell, and different ways you can market your items. But one thing that often doesn’t get enough thought or attention is the bookkeeping side of running a business. […]
If you’re a small business owner these days, chances are you’re always on the go. There’s no use waiting until you get back to the office to manage your finances. Why not take your business with you?