Working abroad is a great way to make good money and explore a new culture. For many American’s though, figuring out their tax obligations quickly becomes complicated and confusing. How much do I owe on foreign income? Is it taxed the same as income at home? Do I have to pay taxes to two countries? […]
Are you running a business? Or perhaps you’re responsible for your workplaces financial systems? Whatever the case, you might shudder to know that there is a chance that some, or even all, of your businesses financial processes and systems are inefficient. Now before you get your back up, take a moment to think and reflect. […]
What’s the worst thing about winter? Scraping ice off your windshield? Short days? Your glasses fogging up when you go inside? None of these things is pleasant, but they’re not the worst. The worst thing about winter is cold feet. Even when your office is nice and warm, you often have cold feet. Underfloor heating […]
Over 50% of businesses cease operations due to lack of financial funding or profits, according to a report by the Global Entrepreneurship Monitor in 2015/2016. When business owners plot ways to grow profits, they usually focus their energy on how to get more customers to increase sales, rather than how to cut costs. Think you’ve […]
Choosing accounting and invoice software is a big decision for your business. It’s also a good sign that you’re taking your bottom line seriously. About 18% of small businesses don’t use accounting software and only 21% have accounting and invoicing integrated. If it’s up to you to find software to manage your company’s finances, you […]
While money isn’t everything, it can certainly be very important to your well-being. Whether you’re just starting out in a new career or have been working for a company for many years, knowing what you can do to potentially increase your salary can be an important life skill that can help you improve your financial […]
Just hearing the word ‘taxes’ makes most of us grown on command. Unless you’re someone who just clocks in their 9-to-5, making minimum wage, and has zero investments or side-businesses, taxes can be daunting. If you’re self-made, deciding between professional tax services and online DIY filing can be a toss-up. There are ways to figure […]
Payday is coming up soon! You have all of your employee’s timesheets in front of you and you are trying to figure out how to calculate payroll hours. But pretty soon, you realize how confusing and time-consuming calculating time can be. How many hours is 9:33 a.m. to 5:17 p.m. or 8:23 a.m. to 4:41 […]
The owners of an SME have several different options when it comes to funding expansion or just getting some additional working capital to avoid every month being so tight financially. Quite often, businesses are profitable but lack sufficient profitability to build up enough retained earnings to be comfortable. Getting some additional funds can make that […]
Stuck in financial quicksand? Hoping to find your way out of bankruptcy but can’t get a loan from the usual avenues like banks and credit unions? You’re not alone in this. Over 800,000 people filed for bankruptcy in 2015. While the total continues to decline, medical bills and utility bills continue to pose as looming […]
If you’re setting off the exciting journey of setting up your own business from scratch, then you’ll have plenty on your mind. And rightly so. Starting a company is a big responsibility, and it’s important that you get things right from the start, to maximize the chances of success and long-term survival. And, it doesn’t […]
Small businesses pay an average of 19.8 percent on income after deductions. This is why it’s important that you maximize your tax deductions. Plan accordingly and you can start preparing for your taxes now. Don’t give Uncle Sam more than you should when it’s time to pay your taxes. Check out this list of the […]
Microfinance, is mostly known as a financing model for, and used by, budding entrepreneurs and small businesses in third world nations. What’s interesting is it’s popularity is spreading and it’s now likely to be available in town or region near you. Microfinance has it’s roots in places like Africa, India etc and it’s helped people […]
Entrepreneurial momentum is on an upswing these days. The U.S. Small Business Administration reported there are over 29 million small businesses in America, with over 57 million employees. But despite these high numbers, the hard truth is a large percentage of them fail. And predictions for a successful financial future aren’t always guaranteed. But with […]
It has become common for many businesses to set up subscription based payment systems in order to charge their customers for the product/service they offer. Huge companies like Netflix have managed to acquire a multitude of subscribers across the world, allowing them to keep money constantly flowing into the company. With the subscription business model […]
Most freelancers understand they can offset their business expenses to reduce their tax obligations and that paying a fixed monthly amount to the taxman each month is a great strategy. It removes the stress of needing to pay a huge chunk of money all at once and there’s possibility of a sizeable tax refund by […]
