Tax Tips For Small Businesses

Tax Tips For Small Businesses

There is a common misconception that everyone goes out of their way to minimize their tax burden. In

reality, the vast majority of small business owners overpay their taxes as they fear egregiously punitive

penalties stemming from an audit. As is often said, it is better to be safe rather than sorry. Let’s take a

quick look at some tax tips that will help small business owners save money during tax season.

Differences Between Gross And Net Profit (And Why Neither Matter Unless You Get Paid

Differences Between Gross And Net Profit (And Why Neither Matter Unless You Get Paid

Wondering if you’re doing everything you can to boost revenue and cut costs? Or if your business is actually more profitable this year than it was last?

The best way to answer these questions is with a thorough assessment of profitability.

That’s where gross and net profit calculations come in. These are two of the most important metrics for measuring your capacity to generate earnings relative to costs and expenses.

Let’s take a look at the differences between gross and net profit, and what they can reveal about the financial health of your business.

Eight Things Your Invoice Needs In Order To Get Paid Faster

Eight Things Your Invoice Needs In Order To Get Paid Faster

So you’ve set up your business and sold some products and services. Now, you have to send an invoice to collect your payment. But what should you include on your invoices in order to get paid faster?

Even if you’ve been running your business for a while, you might be missing other information that you should include. So here is a step-by-step guide on what to include on your invoices.