Archive | Accounting & Finance

relocating

The Ultimate Guide To Moving Your Business To Another State

In the USA, Entrepreneurs cite different reasons for moving their business to another state from expansion to reducing costs. Sometimes it can be for personal reasons too. According to Entrepreneur, here are the five main reasons for business relocation: Location Workforce Costs Expansion Quality of Life While it may be the right move, moving a […]

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How a Business Can Save Money with Loyalty Programs

If you own a brick-and-mortar business, you know how hard it can be to win and retain loyal customers. To stand out in the competitive crowd, entrepreneurs need to constantly come up with new and innovative ways to attract prospects’ attention. However, there is still one traditional and quite simple way to acquire new clientele […]

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Funding a Small Business: What Are Your Options?

Getting a new venture funded is one of the crucial first steps toward building a successful new business. But not surprisingly, it can be challenging, complicated, and full of twists and turns. If you know how to proceed, you’re more likely to avoid committing a costly mistake. Business Loans The first method to which most […]

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How Business Owners Can (and Should) Use Retirement Accounts

As a business owner, you won’t have access to a 401(k) plan the way most employees do. Since you’re the employer, you’re the one who has to take the initiative in setting up your own retirement accounts. Fortunately, you have many options to choose from. Defined Benefit vs. Defined Contribution First, you should learn which […]

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How AI Is Affecting Banking Services

Artificial intelligence is shaping and changing the way we interact with the world and with businesses in general. By 2020, it is estimated that at least 30% of all companies around the world will be using some form of AI in their business model. Another interesting statistic – according to recent research, up to 85% […]

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business money management

4 Errors That are Causing Business Owners to Spend More Money

Business owners continue to make money mistakes that are causing them to lose money every year. Small mistakes, easily overlooked, can quickly add up, reducing a company’s overall income and leading to lower overall cash flow. Business is challenging enough, and understanding how to save money can make a world of difference. A few common […]

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business money management

The ultimate guide to retirement planning for the self-employed

Being self-employed comes with a certain measure of freedom and flexibility, however, this doesn’t mean that you should skip out on saving for retirement. While being an entrepreneur is great, it leaves you in charge of your own retirement plan. It is therefore important that you take the time and initiative to set up and […]

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7 Reasons Why Working After Retirement Can Pay Off

Whether retirement is on the distant horizon or just around the corner, chances are you’re concerned about how you’ll spend it. With life expectancies rising all the time and over a quarter of current 65-year-olds in the US expected to live past the age of 90, retirement is a much larger chunk of your life […]

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The Why and How of Efficient Invoice Processing

Businesses are constantly striving for efficiency and improved productivity. They want to be doing things faster but also better. There needs to be less redundancy and at the same time fewer errors. One area in particular that tends to be bogged down and unable to operate at a peak level of efficiency is invoice management. […]

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Financing options for purchasing a franchise

For entrepreneurs, finding ways to cover their startup costs is often the first and greatest challenge they must overcome. When estimating the initial expenses of starting a new venture, many entrepreneurs only scratch the surface, not realizing it takes more than office space and equipment to get a business off the ground. Additional costs for […]

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Save Your Startup Money: You Know It Makes Cents

When you initially set up your startup, the most pressing issue for you will inevitably be your finances. While your cash flow may appear buoyant to begin with, you need to ensure that it remains this way. To fulfill orders in a timely manner and to provide services to your niche market, it’s vital to […]

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taxes

Why You Should Automate Your Business’s Accounts Payable Workflow

It’s every company’s nightmare: as soon as the deadlines for payments and taxes come in, their accounting and finance department works overtime, manually checking and double-checking – and in some cases, triple – or quadruple-checking – their invoices and tax information to make sure that payments are made correctly, and that no single cent is […]

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Business Debt Relief: How Can You Get Your Business Out of the Red

Borrowing is an important and necessary part of managing your small business. It gives you the funds to expand your business. Large companies and even governments use debt this way to help them grow. But accumulate too much debt and you go bankrupt. Sometimes investments we pay for with borrowed money don’t pan out. Sometimes […]

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