New business owners have many tasks to manage. One essential element they don’t always consider right away is the importance of small business accounting. Even if you’re a startup, it’s best to learn how to manage your books as soon as possible.
2022 Guide to Trucking and Transportation Industry Events
One of the best ways to keep up with the latest developments in the trucking industry is to attend live events and conferences throughout the year. These give you a chance to meet experts as well as other trucking business owners, drivers and everyone connected to the industry. Here is a guide to trucking industry events of 2022.
Contractors and Service Providers in Alternative Energy Field Benefit from Factoring
Renewable energy options such as solar and wind energy are becoming extremely popular, and therefore the demand for contractors and service providers to support the industry are increasing. This has opened up many opportunities for businesses seeking to get involved in the renewable energy sector.
Value of Non-Recourse Factoring During an Economic Downturn
Businesses in all different industries are being affected by the ongoing shut-downs. Not only has business slowed for many, but customers are taking longer to pay. Whether you are a factoring veteran or you are new to invoice factoring, you’ve discovered how it can solve your cash flow issues.
However, an advance on your receivables will only benefit your cash flow and overall business if you get to keep that cash. Unless you are using non-recourse factoring, you are at risk of having to pay the advance back to the factoring company should your customer have financial issues and not pay. Increasingly late payments are one sign of a possible impending bankruptcy.
Important Tax Deadlines for Businesses in 2020
The IRS has extended the tax deadline to July 15th. Personal and business income taxes that were due on April 15 can now be filed any time before July 15, 2020. The extended deadline applies to payments due as well. This post has been revised to include the new deadlines
IRS is offering coronavirus relief to taxpayers and many businesses will qualify for two new tax credits, the Credit for Sick and Family Leave and the Employee Retention Credit.
When you run a business, filing taxes isn’t quite as simple as it is for employed individuals. There are multiple tax deadlines that you need to be aware of. If you don’t conform to tax deadlines for businesses it can end up costing you extra money later on. Let’s look at some of the most important dates to keep in mind for business taxes.