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Revealing Tax Implications Small Businesses Should Really Focus On

Small business owners have various options available to them when it comes time to file their taxes.

There are a surprising number of tax cuts for small businesses.

When properly utilized, tax laws can help reduce the amount of money owners owe to the IRS at the end of the year.

Topics: Accounting Growing Your Business

How To Double Efficiency Through Controlling Your Expenses

According to the Small Business Administration, approximately one-third of small businesses will fail within their first two years.

There are a multitude of steps a small business can take to make sure they become part of that other, more successful two-thirds.

Maintaining efficiency by taking control of expenses is a big step, one that is essential to setting your business up to thrive.

Topics: Accounting Bookkeeping

How To Break the Cycle of Low Employee Morale

As a manager, are you contributing to low employee morale?

It might seem simpler to send an email to the entire group when you need a behavior to stop, change, or improve, but is it worth the hidden cost?

Sit down with your top performer and ask how they felt about the recent email blast that went out to everyone about "not printing color documents over five pages" or "effective time management." 

Topics: Advice HR

Why A Human Resource Checklist Can Boost Your Business Management

It’s not very common for start-up small businesses to prioritize HR. What should you think about?

You’ll need to create HR plans, policies and processes that meet short-term requirements and budgets but also take into account your long-term goals.

Topics: Best practices HR

3 Simple Keys To Improve Your Small Business Invoicing Activities

 

Invoicing and collecting on your invoices are crucial to your company's cash flow.

Since they form part of the 'bread and butter" arm of your company, an efficient accounting system is necessary.

You must be able to resolve small business invoicing issues quickly and enforce customer terms for payment. It's also recommended that you invest in an automatic A/R system. 

Topics: Accounting Methodology Accounting procedures Bookkeeping

How To Actually Improve Employee Performance in Small Businesses

How can I improve employee performance at the workplace?

If you are a small business owner, you have likely asked yourself this question.

If you are looking for some answers, you have come to the right place.

Here are some tips for small businesses to improve employee performance in the workplace.

Topics: Advice Employee Coaching HR

Crush Your Annoying Late Payments and Get Paid Faster Now!

 

Customers don't always make timely payments. And then you're stuck with the task of playing loan shark.

It might feel like you have no control over payments, but there are a few tools out there can increase your payment options and get your cash flow healthy again.

The easiest ways to do this are through recurring billing and auto-pay options.

Topics: Accounting Accounting procedures Bookkeeping

3 Creative Ways To Ignite Low Employee Morale That Will Blow Your Mind

Do your employees dread coming to work? Do you?

Low employee morale can affect all aspects of your business. Most people spend at least 8 hours at work, which is a third of our day!

Would you like your employees to look forward to coming to work each day?  

Before you consider spending time and money hiring new employees, invest in the ones you already have. It is actually easier to raise their morale than you think. Here are three quick ways to improve the morale at your small business.

Topics: Advice HR

Which Might Look Like A Best Hire - A Contractor or Regular Employee?

There seems to be a trend for companies to utilize independent contractors rather than hire employees onto the payroll.

Many employers mistakenly believe that the decision to classify someone as an employee or a contractor is solely at the discretion of the company.

The IRS has specific guidelinesto help employers understand the difference but not all companies know about or follow the rules.

Topics: Advice Best practices HR