There are several common SBA loan terms and conditions for small business owners to manage. The Small Business Administration (SBA) offers accessible and convenient financing for a wide range of organizational purposes. These valuable loans offer flexible terms, minimal down payments, and low collateral requirements. Of course, SBA financing programs are governed by specific guidelines, conditions, and obligations. As a ... Read More »
Category Archives: Finance
How To Get A Bookkeeping Internship With No Experience
There are several steps to land a bookkeeping internship with no experience. Bookkeeping internships provide valuable experience for aspiring accountants. Internships and entry-level jobs are stepping stones for students with little to no work experience. Having an internship immediately after graduation provides a significant competitive advantage for future professional endeavors. For the accounting industry, this professional experience is mandatory to ... Read More »
How Using A Bookkeeping Service Improves Corporate Financial Performance
Bookkeeping represents the first step in the accounting process. It involves compiling all financial data from business activities and turning them into easy-to-read documents that can be easily analyzed in the future. In short, once your business is up and running, you must spend extra time and money on business record keeping. Here are several benefits of hiring bookkeeping services ... Read More »
What’s The Difference Between Business Credit vs Personal Credit Cards?
There’s a few key differences when comparing business credit vs personal credit. Personal credit is directly linked to your financial past, spending history, and debt repayment behaviors. If you’re a company owner, you also have a business credit profile, history, and financial record. While business and personal credit are connected – the two are actually fairly different. That being said, ... Read More »
5 Financial Requirements For Small Business Line Of Credit Approval
There are several small business line of credit requirements for startups. Business lines of credit revolve around a loan that permits access to a specified amount of capital. Naturally, businesses use this capital when they are required to meet short-term needs. As a business owner, you should learn the small business line of credit requirements to cover reoccurring expenses and ... Read More »
5 Funding Options To Raise Capital For Your Small Business
Starting a business is no small feat. You need a solid plan and capital to stay in business long term. Capital will help actualize your business plan, which is often huge. This is because there’s so much to do during the initial stages. You’ll need to acquire machinery that’ll enable you to manufacture your products, hire workers, market your brand, ... Read More »
5 Best Intellectual Property Valuation Methods To Calculate Asset Value
There are several great intellectual property (IP) valuation methods to calculate asset value. With the value of IP increasing, valuation regulations and requirements are evolving worldwide. This is because the impalpable nature of IP makes it harder to precisely determine value and define fair prices. Subsequently, it’s essential for larger corporations to perform reliable, accurate IP valuation transactions. As a ... Read More »
5 Non-Profit Fundraising Rules And Regulations For Charities
There are several non-profit fundraising rules and regulations for charities. The IRS closely monitors fundraisers to determine if any break laws or limitations in their activities. As a result, many fundraisers end up losing their tax exemption status due to broken guidelines. As a charity organizer, familiarize yourself with fundraising rules to protect your tax exemption status, prevent IRS audits ... Read More »
5 Common Business Tax-Filing Mistakes To Avoid At Your Startup
Filing your tax return involves handling the necessary paperwork and calculating your income and expenses before submitting it to the IRS. Then, you get a notice telling you that you made a mistake while filing tax returns. This is a common issue among most taxpayers. It is especially true when you are preparing to file business taxes. Tax laws and ... Read More »
5 Types Of Bookkeeping Insurance For Professional Auditors
There are several types of bookkeeping insurance for professional auditors. Bookkeepers often work with critical, sensitive, personal financial data that expose them to high risks. Of course, even the most seasoned professionals make detrimental mistakes and miscalculations that can cause serious financial losses. That’s why experienced auditors, like yourself, need to invest in the right types of bookkeeping insurance to ... Read More »