Purchasing all the equipment your business needs can be tough, especially when accounting for tax season. However, as a business owner, you owe it to yourself to take advantage of all major tax advantages possible, including the Section 179 deduction. Not sure what Section 179 is or how it works? Read on for a detailed … Continued
It’s one thing to have enough money to cover daily operating expenses for your small business. It’s another to have a financial cushion that can help you weather economic storms, both expected and unexpected. Many entrepreneurs struggle to build up a cushion for their small businesses, especially when first starting. Today, let’s look at some … Continued
Getting approved for a small business loan can be a stressful and complicated process when starting or growing your business. It’s even more frustrating to jump through all those hoops, only to find out that you don’t qualify for the capital you need. For a small business owner who is struggling to qualify for a … Continued
Recession. We are hearing about a potential recessionary time and economic downturn. Whether it is true or not, in our economy there are always boom and bust cycles and your business might also feel upward growth followed by a downturn. As we know, with COVID and injection of cash into the economy, we witnessed exponential … Continued
As a small business owner, you need cash to meet short-term financial obligations, invest for the future, and avoid unexpected liquidity issues. While drumming up more business may seem like the most obvious way to increase your cash flow, there are actually many ways to bring in cash faster and pay it out slower. In … Continued
Cybersecurity is a major concern for all businesses in 2022. As digital threats evolve and spread across the internet, you need to know how to protect your business, your personal information, and any other sensitive accounts you might control. Whether you’re a business owner or an average Joe, it’s good to have a grasp of … Continued
According to a study by JP Morgan & Chase, the median U.S. small business holds an average cash balance of $12,100 (with significant variation across industries). That works out to only 27 cash buffer days; which are the number of days a business can afford to pay its cash outflows without further cash inflows. So, … Continued
Fraud affects millions of Americans every year, and small businesses are especially vulnerable to cybercriminal activity and fraudulent charges. It’s easier than ever for would-be criminals to steal money from your organization by breaking into your bank account or stealing funds directly from a customer via devices inserted at your POS. But although bank account … Continued
After months of blood, sweat, and tears, your small business is finally taking off; the phones are ringing, website visitors are placing orders, and leads are finally converting into clients. That’s great news! But keep in mind that as your business continues to grow, it becomes more important than ever to have a clear understanding … Continued
It’s tough being a small business owner. It can seem like every institution that was designed to help small businesses thrive and become successful end up causing unnecessary hurdles and expenses. We know this very well in the credit card processing industry. Gravity Payments was founded to address widespread abuse of small businesses by Merchant … Continued
