Tips for Appropriately Spending Your Small Business Loan During the COVID-19 Pandemic

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In addition to the medical impact that COVID-19 has caused, businesses have also taken a hit from this pandemic. Small businesses have immensely struggled because they don't have as many resources (and as much flexibility) as more established corporations. To cushion such companies from long-term financial complications, various organisations are extending emergency loans to small businesses. Most of these loans are being provided at low-interest rates and with flexible repayment terms.

21 December 2020

Are You Sure That You Are Ready for Tax Time?

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Tax day comes up quickly, and this is often a troubling time if you're a small business owner. After all, you may dread this time of year, but you've still got to make sure that you are fully ready, no matter what. As you check the days off the calendar, what should you do to make sure that you are compliant and ready for that deadline? Reconciliation Before you can be completely sure about your tax liability, you have to be happy with the state of your books.

10 December 2019

How to Strategise Your Affairs Around Tax Time

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Many small business owners approach tax time with a certain amount of trepidation. They may think that they are prepared, but the reality is that many of them are not and they may be leaving a significant amount of money on the table as a consequence. It is important to have a plan in place to try and mitigate your tax liability as much as possible, so you can take advantage of the benefits and deductions that are available.

26 September 2018

Tips to Deal With Your Bad Credit Rating

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A bad credit report can make it extremely hard for you to access any form of credit or financing in future. That's because lenders will often examine your credit report whenever you apply for any type of financing. A range of reasons can contribute to a bad credit rating. Missed repayments, bankruptcy, debt agreements or loan defaults that may be a result of a change, such as the loss of a job, in your financial standings are some of the aspects that will contribute to a bad credit rating.

14 May 2018

Why Creators Also Need to Be Planners, Even Though They May Hate It

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Do you consider yourself to be a creator? If so, you may have come up with a fantastic idea for a new business and are now looking for ways to set yourself up as an entrepreneur. However, don't let enthusiasm get the better of you and make sure that you properly think this through before you proceed. What are some of the key areas to focus on while you make your decision?

28 November 2017

5 Reasons Small Business Owners Should Switch from Paper Accounting Systems to Online Services

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Many small business owners prefer using paper systems to keep track of their finances. This can work well, but there's really no need to soldier on with paper and pen when there are so many excellent online accounting services for business owners to use. Here are just five advantages that come along with making the switch. 1. Reduced Costs As a small business owner, you'll want to make sure that your costs are kept low, and an online accounting service can help make that happen.

11 January 2017

4 Types of Working Capital Financing to Consider for Your Small Business

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Do you own a small business? Read on and discover some of the different forms of working capital financing that you can select from when you need funds for your business activities. Accounts Receivable Financing Accounts receivables refer to the money that the companies to which you supplied goods or services owe your small business. Such unpaid sums can put a strain on your operations because you may lack capital to run other daily activities of your business.

20 September 2016