Any B2B business that is looking for ways to boost cash flow without taking out a traditional loan may be interested in invoice factoring. When invoices are factored, you receive immediate payment from the factoring company instead of having to wait for business clients to pay. There are numerous ways that invoice factoring can contribute to better cash flow and business growth. Read more
Understanding UCC Filings as a Business Owner
If you are seeking funding for your small business, you should be familiar with UCC filings. The UCC or Uniform Commercial Code is the law that governs commercial financial transactions in the United States. The purpose of the UCC is to create a consistent set of laws that apply throughout the nation.
What You Need to Know About UCC Filings as a Business Owner
What is a UCC Filing?
If you’re a new business owner or looking for financing, you need to know about the UCC and its filings- forms that are filed and recorded at the Secretary of State when a business obtains financing. UCC forms are not filed by businesses but by their creditors. These filings are called ‘financing statements.’
ATBS Guest Post: Tax Moves for Truckers to Make Before Year End
Guest post contributed by ATBS, the largest tax and accounting firm for owner-operators. ATBS was founded in 1998 and has helped over 150,000 truck drivers with their business and tax needs. Original article published Nov. 28, 2021 here.
Tax Moves for Truckers to Make Before Year End
2021 is almost over which means it’s time to make sure you have minimized your tax bill for the year. There are many things you can begin doing now to make filing your tax return as easy as possible and reduce the amount you owe. Let’s take a look at a few of the most important tax moves to make before 2021 comes to an end. Read more
Essential Steps to Starting a Business
If you want to start your own business, you have plenty of company. The SBA estimates that over 600,000 new businesses are started each year in the U.S. If you want to be successful, however, you need a well-conceived strategy. Here are the top steps for starting a business the right way.
10 Steps to Start a New Business
Identify Your Market
Before you start a business, you have to know who your customers will be. Market research is the first crucial step that lets you know whether or not there’s sufficient demand for your type of business.
Top Small Business Credit Terms All Business Owners Should Know
If you have a small business, there’s a good chance you’ll need to apply for a loan or other type of financing at some point. In order to understand the process, you should be familiar with the lingo. Here are some of the most frequently used financial and credit terms you should know. Chances are, you’ll already know some of these while you might need a refresher on others.