One decision every business has to make is whether or not to extend credit to customers. Providing customers with credit allows them to obtain goods and services now while paying for them later. At the same time, you have to be careful to do this in a way that’s responsible and doesn’t harm your cash flow. Let’s look at how to extend credit in a way that’s beneficial to both businesses and their customers.
If you own a small business or are planning to start one, it’s important to do your research and get familiar with current news, trends and statistics. Having accurate information can help you plan ahead and avoid common issues businesses run into, and set your business up for success.
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.
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
Are you trying to scale up your small business? There are many ways to accomplish this. However, if you want to build your business you need to focus on a strategy.
Don’t make the mistake of trying to hold onto every dollar in profit. In order to grow your business, you need to invest in things like employees, inventory, marketing, technology and other assets. Be discerning about spending your money, but don’t be afraid to invest in areas that are essential for growth. Read more
Invoice factoring is a type of financing that allows you to collect immediate cash on your invoices, helping you boost cash flow. Many businesses are hampered by the delays as they wait for clients to pay invoices. With factoring, you can enjoy a more reliable source of income. You may be wondering what the requirements are to qualify for invoice factoring.
