A common practice of any business irrespective of its size is the capitalization of costs of an asset that it buys. To put it in simpler terms, capitalization means the cost of an asset that is written off in the balance sheet over a number of years. Also be aware that capitalization rule is applicable on all assets regardless of … Continue reading
Posts Categorized: Financial
How Small Businesses Can Cut Down On Their Expenses
Small business owners are always on the lookout for ways to reduce business expenses, boost cash flows and improve their profitability. A quickest and easiest way to improve the earnings of a business is cutting costs in business. By implementing a cost-control system, a business will be able to identify the areas where its spending unnecessarily, reduce expenditure, and save. … Continue reading
Small Business Forecast 2016 To Power Success
With January already behind, small business owners have only 11 more months to make relevant and innovative changes that would take their businesses to the next level. Here we have listed a few top trends the business owners as well as the experts are expecting 2016 to hold for small businesses. Businesses should focus on building relationships and creating connections … Continue reading
How Small Businesses Should Prepare For Estimated Tax Payments
Small business owners have to pay estimated tax quarterly and should not wait till April 15 or when other type of tax payers file their respective returns. These quarterly payments are for the amount the small businesses estimate that they owe the government. In case estimated tax payments are not paid timely, the small business might have to pay heavy … Continue reading
Is crowdfunding right for your business?
Crowdfunding is a way of raising funds from several people. It is a popular way of small business financing. While crowdfunding is suitable for many businesses, we will take a look at whether it is right on crowdfunding for startups and small businesses. Reading this will give few crowdfunding business ideas for entrepreneurs. Crowdfunding is suitable for your small business … Continue reading
Improve Your Small Business Credit Score
Small business owners are hard pressed for time and funds. Hence, they tend to neglect their business credit score. Most of the small or medium-sized enterprises are busy formulating creative and innovative marketing ideas. They’re working on customer relationship strategies to take their business to the next level and can’t find the time to repair or increase credit score. Many … Continue reading
The key to budgeting for small businesses
Estimating and matching expenses to revenue is critical as it assists small business owners to determine whether they have adequate money to fund operations, expand the business and produce income for themselves. With a business already operating, you can assume future revenue depending on recent trends in the business. If the business just commenced, assumptions can be based depending on … Continue reading
How small businesses can cut cost
Small businesses are usually hard pressed for money. Cash is required not only to meet the daily expenses, but also to ride out tough economic times and compete with larger players. Money saved is money earned. We will look at some small businesses cost cutting strategies with which they can save money. Maintain an expenses journal – Don’t try to … Continue reading
Are you geared up for Black Friday and Cyber Monday 2014 sales
In the year 2013, Black Friday and Cyber Monday sales had increased by 15% and 18% respectively. This report was released by a trend tracking firm, ComScore. They also reported that there’s a probability of a greater increase in the after Thanksgiving sales in 2014. It’s the time of the year when you should get the most possible sales. Have … Continue reading
Don’t Get Sucked into a Cash Flow Slump
In the modern-day volatile business environment, businesses irrespective of their scale of operations are perpetually prone to facing a cash slump. A cash slump occurs when cash inflows are insufficient to meet cash outflows. If managed ineffectively, a cash slump can affect the long-term profitability targets of the firm. Thus, it becomes important for managers to not panic and take … Continue reading
