Small Businesses

Learn how to calculate the aftertax cost of debt with this comprehensive guide. Understand the different factors that go into the calculation and how to use them to make informed decisions.

Accounting practices vary greatly depending on the business size an type. Small businesses may be asking, “Do I have to follow Generally Accepted Accounting Principles (GAAP) GAAP is the set of standards set by the Financial Accounting Standards Board (FASB). Generally, it’s considered best practice, but small businesses have some flexibility.

Accounting methods are essential for small businesses. They track income, expenses, and assets; help with cash flow, budgeting, and predicting future trends; and are necessary for creating financial statements that attract investors and secure loans. What are accounting methods for small business?

Accounting is the lifeblood of any organization. It’s essential for financial well-being and growth. Systematically recording, analyzing, and interpreting financial transactions helps businesses make informed decisions. It tracks income and expenses to identify areas of profitability and potential savings. Plus, it ensures compliance with legal and regulatory requirements, giving stakeholders confidence in the company’s financial […]

Just try to imagine closing in each workday with a satisfied sigh, knowing your team has accomplished exactly what you had planned for the day. Unfortunately, this doesn’t happen as often as most business owners would want, but there are ways to make it happen.  Listed below are the top five ways to increase workplace […]

Continuously running your small business for an extended period to take it to the next level can sometimes feel impossible. Day in, day out, you need to ensure your customers get the required products, you have enough employees, your business information is secure, and the quality of your products is at par.  How can AI […]

Running a successful small business sounds like an easy task, but the truth is that no matter how big or successful your business is, there are always things that need to be improved. Businesses today need to adapt to the market quickly and regardless of the industry your business belongs to, there are always new […]

Do not confuse your small business with small thinking. This is just the sort of mindset that can hold you back and prevent your struggling small business from growing and thriving on a larger scale now, or down the road. What is the mindset of small business owners?

The coronavirus (COVID-19) pandemic has hampered small businesses around the world — and your company is no exception. Like many small businesses, your company may be managing business income loss and struggling to stay afloat during the pandemic. Learn how to save your struggling small business.