small business resources

Resources for Business Owners with Disabilities

In 2019, according to the U.S. Bureau of Labor Statistics, 19.3% of Americans with disabilities were employed, compared to 66.3% of those who did not have a disability. Those with disabilities were also much more likely to own their own business compared to those without disabilities. Why would someone with a disability want to own …

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5 Business Records That Small Business Owners Need to Keep

Owning a business comes with a lot of paperwork. Nevertheless, it’s important to decide which documents go into the files and what to throw away. Even before you start keeping records, understand the importance of the exercise. First, the revenue authorities might come knocking at your door without notice and demand to see your tax …

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6 Ways eCommerce Businesses Can Cut Their Shipping Costs

Shipping can either make or break new eCommerce businesses. Massive corporations like Walmart and Amazon have shipping down to an exact science, with order fulfillment centers all over the country. Amazon already accounts for around 40 percent of all online sales. To compete, small businesses need to find a way to get their products to …

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Taxes in 2020 — Small Business Checklist

As we ease into the next tax year, it’s the right time to assess what’s new for businesses: Minimum wages: They went up in 13 states. You’ll need to refigure the withholding and deductions on affected employees. W-4 forms: They’re new for 2020, reflecting the removal of allowances for calculating paycheck withholdings. Overtime rules: About …

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6 Ways to Make Sense of Your Small Business Financial Statements

Running a small business usually means doing many different things simultaneously. As a solo entrepreneur, you are probably dealing with everything from sales to marketing, but the majority of business owners consider financial tasks to be the most difficult. After all, this is exactly why only 50% of companies survive their fifth year in business. …

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Modern Tools for the Modern Small Business

Digital technology is the driving force of change in today’s small business landscape. Compared to even a few years ago, SMBs have become wholly integrated with technology, with an overwhelming 92% of small businesses using cloud-powered technology in some capacity. Compared to larger competitors, which have more time, energy and resources to research the latest …

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