Deciding which business structure is suitable for you is the first big legal decision for every fairly new small business owner. Making this decision can be confusing because the type of legal structure that you choose for your enterprise can create an impact on the amount of taxes, the paperwork your venture requires, the personal liability you need to face … Continue reading
Posts Categorized: Small Business University
The Template The Client Sees In Your Electronic Invoice
Electronic invoicing is fast replacing the paper-based invoices. As a small business owner, you should use an invoicing software that allows you to create a simple yet elegant invoice. An invoice should contain all the necessary information of your company as well as the quantity purchased and the rate per quantity on the invoice. Apart from that, it should also … Continue reading
Tax Expensing And Depreciation Rules 2016: What Every Small Business Need To Know
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
Should Small Businesses Provide Health Insurance
Many small business owners are not sure whether they should provide health insurance to their employees or not. It is not necessary for small businesses that have a workforce less than 50 full-time or 50-full time equivalent employees to offer health coverage to its employees. As per Affordable Care Act, it’s a mandate for small and mid-sized enterprises with 50 … Continue reading
Small Business Should Revive And Motivate Their Finance Team
As your small business grows you would be giving more attention on the operational excellence. Probably, the only team that may be left behind would be the finance team. This is the team that takes care of the cash in-flow and out-flow, forecast the spending and allots budget for the various departments. Communicate, motivate and revive the finance team by … Continue reading
How To Manage Your Business Travel Expense Better?
Traveling to meet the client is a part of any small business and expenses incurred during the client meetings or corporate meetings are simply unavoidable. Ideally, a single client meeting outside your place of residence would include to and fro air travel, taxi journeys and overnight stay in a motel or hotel. These inevitable costs are necessary to take your … Continue reading
Top Features To Look For In An Expense Report Mobile App
It’s normal for a small business owner to travel for business purposes. While on the move keeping track of the expenses can be a hassle. Thanks to the advancement in mobile technology, you can do business on the go and also keep track of all the expenses including the travel expense. Mobile expense report software is one such application that … Continue reading
Top Reasons Why Small Businesses Should Automate Expense Management
“3000 hours, equivalent to 125 days or 4 months, are wasted by companies in manual generation of expense reports and correcting them” – Global Business Travel Association (GBTA) Many small business & enterprises still manage their expenses using either paper, a spreadsheet or an outdated system. Cost is one of the factors why many small businesses don’t consider upgrading to … Continue reading
Start A Small Business With Minimum Or No Capital
Many of us may have impressive and incredible small business ideas. However, we tend to put them on hold because of lack of capital. We assume or rather presume that the formula for a successful small business should be something like this. A great business plan in place and a truckload of money to materialize the venture. However, the truth … Continue reading
Home-Based Small Business Ideas For Side Income
Your full-time job would be rewarding in terms of great pay and the benefits associated with the job. To generate a side income, you should contemplate starting a home-based business. It can be homemade cookies and cakes, consultation, web designing, tutoring or anything that you are passionate about. Working for yourself requires a lot of discipline and sacrifice and is … Continue reading
