fbpx Skip to main content
Amortization in accounting concept on a business desk.

What is Amortization in Accounting?

By Accounting

Accounting, as has often been said, is the “language of business.” For a small business owner, accounting can be confusing and demanding because many concepts, formulas, and documents must be understood to achieve success. Two of those concepts are amortization and depreciation. Amortization in accounting can refer to both amortization of assets and amortization of…

Read More
Better business understanding is why financial literacy matters to this small business owner who examines accounting documents.

Why Financial Literacy Matters as a Small Business Owner 

By Small Business

Financial literacy is an essential ingredient in achieving small business success. As former Minnesota Governor Tim Pawlenty stated, “Financial literacy is an important part of avoiding financial mistakes and planning for a strong, secure financial future.” Digging deeper, Daymond John, CEO of FUBU and a Shark Tank host said, “Many entrepreneurs struggle to understand payroll…

Read More
A work team looking at documents trying to streamline your business processes.

11 Ways to Streamline Your Business Processes

By Small Business

Every business leader should want to make his/her business as efficient as possible. It is a matter of better business results. It just makes sense in today’s ultra-competitive world to streamline your business processes.  Why You Should Streamline Your Business  Streamlining is the process of simplifying or eliminating work-related tasks to improve the efficiency of…

Read More
Business owner looking at business financials undergo asset impairment testing

Should You Undergo Asset Impairment Testing?

By Small Business

Businesses require assets to function, generate cash, produce profits, and provide a return on investment for their investors, owners, and stockholders. Assets are a key element of each business’s net worth, meaning it may be time to undergo some asset impairment testing.  A business asset is something of value that generates revenue and creates value for…

Read More
Salaries vs. wages how to pay employees

Paying Employees Salaries vs. Wages 

By Small Business

No business runs magically by itself. Rather, businesses operate with highly valuable human talent. And that talent costs money. Labor costs are a significant percentage of each business’s cost structure, generally ranging between 15-30 percent, but varying based on industry. A key cost consideration for business managers is to determine the payment of salaries vs. wages for…

Read More
Labor laws and payroll regulations staying compliant writing check to employee

Complying with Labor Laws and Payroll Regulations

By Outsourced Payroll

It is often expressed that “employees are the lifeblood of every organization.” Ann M. Mulcahy, former CEO and chairwoman of Xerox Corporation, said, “Employees are a company’s greatest asset—they’re your competitive advantage. You want to attract and retain the best; provide them with encouragement, and stimulus, and make them feel that they are an integral part…

Read More
business payroll management and compliance outsource

Simplified Payroll Management: Tips for Efficiency and Compliance 

By Outsourced Payroll

It has been said that people are a business’s most important asset. Given that truth, it makes absolute sense to handle your employee payroll in the best way possible. The key objectives for every payroll management system should be to process payroll accurately, on time, and in compliance with all laws and regulations.   Why Effective Payroll Management is Vital …

Read More
Business owner talking with a lawyer about employee sue claim

8 Most Common Reasons Employees Sue Their Employers 

By Small Business

No business owner should want to have an employee lawsuit to deal with. But unfortunately, we live in a lawsuit-oriented age and lawsuits are sometimes unavoidable, even with good business practices. Employees sue for varying reasons, especially when they get fired. In every case, a lawsuit can be disruptive, time-consuming, costly, and can negatively affect company…

Read More