Chances are, you have dealt with chargebacks as a business owner. Although chargebacks can be frustrating, they don't have the right to be. You can avoid chargebacks with a little knowledge. Let's first define what a chargeback looks like. What's a Chargeback? A chargeback can be a nightmare for any business owner. This happens when a customer disputes the [...] Read More
Credit is essential for business owners. Your credit score can impact your ability to obtain loans, lines of credit, and insurance rates. Different credit scores can give information to lenders, so let's talk about how different credit scores could impact getting a loan. What Credit Scores Are There? There are many credit scores. Business owners need to be [...] Read More
The most frequently asked question is "How can a business owner get an SBA Microloan?" It may surprise you to learn that there is no universal answer. These guidelines will help you decide if you are eligible. Let's first discuss the guidelines. What's an SBA Microloan, You Ask? SBA loans are a popular option for small-business owners. What exactly is [...] Read More
As a business owner, it's important to be familiar with the various types of filings that can impact your company. One such filing is known as a UCC filing. Before we delve into what a UCC filing is and what business owners should know about it let’s define what UCC is. What Is UCC? The [...] Read More
When it comes to taxes different types of businesses have different taxes. This article will discuss the tax differences as well as the tax benefits between an S-Corp vs LLC but first, let’s discuss what is an S-Corp and what is an LLC business. What is an S-Corp? An S corporation, also known as an [...] Read More
A line of credit and a credit card both offer ways to borrow money, but there are some key differences between the two. If you are a business owner looking into these two options to help you cover business expenses using one of these funding options, this article will provide you with the differences between [...] Read More
As a business owner, you are responsible for ensuring that your property taxes are up to date and paid in full. Depending on the type of business you operate, your tax liability may be different. However, all businesses are required to pay property taxes on any real or personal property they own. What is Business [...] Read More
A business bank account is essential if you want to run a successful business. Not only will it allow you to manage your financial transactions more easily, but it can also give your company a professional appearance. There are several benefits of having a business bank account, including the following: Access to a Variety of [...] Read More
Keeping inventory levels low and managing your business’s cash flow are both important aspects of growing a successful business. If you find that your inventory levels are too high, however, it can affect your productivity and bottom line. You may have to begin looking for ways to sell off or reduce the excess stock as [...] Read More
It's important to track both your gross profit and your net profit, as they can give you different insights into your business. Your gross profit is your total revenue minus the cost of goods sold (COGS), while your net profit is your gross profit minus operating expenses. In either case, tracking both gross profit and [...] Read More
