Category: Running a Business

6 Ways to Save Money On Payment Processing Fees

6 Ways to Save Money On Payment Processing Fees

In life and in business, fees are always adding up. Take business loans as an example. To get funds, you’ll pay an interest rate for an agreed upon term. There might be an origination fee for processing your application, a late payment fee if you’re behind on payments, or a monthly maintenance charge. You have to understand what you’re actually going to pay before you sign on the dotted line. Credit card processing fees are the same way. Here are… Read More
Do I Need an Employer Identification Number?

Do I Need an Employer Identification Number?

When you’re starting a business, you’ll have a lot of questions. Among them, “Do I need an EIN?” As with so many business questions, the answer is “it depends.” According to the IRS, an EIN is a nine-digit number used to identify tax accounts of employers and certain others who have no employees. It’s sometimes referred to as the business equivalent of a Social Security number, though the format is slightly different: XX-XXXXXXX. It’s also known as a federal tax… Read More
5 Cash Management Solutions for Small Business Owners

5 Cash Management Solutions for Small Business Owners

Cash management refers to the way businesses handle and track their cash flows coming in and going out. There are a lot of technology-forward cash management solutions provided by banks and other financial institutions that simplify the cash management process for businesses. Here are our favorite options that can help your small business manage its cash flow.  1. Online Payment Solutions Gone are the days of sending out check after check to pay your small business’s bills. Instead, take care… Read More
How to Register Your Business with the Secretary of State

How to Register Your Business with the Secretary of State

Congrats! You’ve decided to take the next big step in entrepreneurship and start making your business a legal enterprise. Many small business owners have the need to register with their Secretary of State. Are you one of them? Determining Your Requirements Not everyone is required to go through the process. In fact, if you are a sole proprietor or spousal partnership operating under your own name, you may choose not to do this at all. There are times as an… Read More
64% of Businesses Expect More Complex Regulations Under Trump Administration

64% of Businesses Expect More Complex Regulations Under Trump Administration

Businesses have much more to worry about than just overhead and sales these days, according to the “’The $100,000 Bill” survey by The Workforce Institute at Kronos. With over half of surveyed business owners spending between $40,000 to $100,000 just to prepare for new business regulations, it seems that each new law or mandate has the potential to cut into profits. Of those business who track the costs (many do not), these expenses include such activities as hiring legal consultation,… Read More
6 Small Business Phone Solutions That Won’t Blow Your Budget

6 Small Business Phone Solutions That Won’t Blow Your Budget

When Leigh Wilkins started making scones from her kitchen in Plainfield New Jersey, she had no idea it would turn into a business. “I like to cook,” she says. “It’s a passion of mine.” But when friends tasted her fresh baked scones, they told her she should sell them. She listened, and now is the “Scone Diva,” selling scones in traditional flavors as well as unique ones she’s created like “GuavaBrie” and “CherryLemonGinger.” Wilkins took the time to set up… Read More