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Steps to Take When a Client Has Unpaid Invoices
While most clients understand the importance of paying their bills in full and on time, some clients inevitably will pay for goods and services late. Unpaid invoices and the effort to get them paid can...
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Independent Contractors Are Becoming Mainstream in the Workforce
Way back in 2015, we wrote a blog about the Pros and Cons of Hiring Contractors vs. Employees. In this article we shared that experts predicted by 2020 contractor workers or freelancers would make up...
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Can You Write Off Those Uncollectible Invoices as Bad Debt?
As a small business owner you will, more than likely, encounter a customer who never pays his bill. It would be wonderful if that were not true, but if you talk with your small business owning peers,...
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Would You Give an Employee a Payroll Advance?
One of the beautiful things about small businesses is that everyone in the organization becomes like family. There is a closeness that develops that is both comforting – and maybe distressing, too....
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Payroll: What’s the Difference Between Contractors and Subcontractors?
Have you thought about hiring someone to do the marketing, human resources, or payroll for your small business? Are you confused about how the relationship works between contractors and subcontractors...
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Advance and Arrears: Understanding the Differences Means Good Business Decisions
Something that comes along with all the conversation about the gig economy trend is the issue of billing and payment. There are basically two ways to get paid – in advance or in arrears. While just...
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Do You Know the Difference Between Payroll Expense and Cost of Labor?
Did you know that the cost of labor can be one of the largest expenses a small business can have? It’s second only to the cost of real estate, according to the U.S. Department of Labor. Depending upon...
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How to Hire the Right Way for Your Business
Hiring for small business owners is a huge step. Adding one more expense, and one that is a high responsibility to another person or family, is a step that is not taken lightly by business owners....
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Do You Know the Difference between Bookkeeping and Accounting?
When most small business owners think of the terms bookkeeping and accounting, they often use them interchangeably. While it’s true both bookkeeping and accounting are important in the management of...
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5 Most Important HR Terms for Small Business Owners to Know, Understand, and...
Ask any business owner what one of the top challenges they have in running their business and, by far, HR or people will be in the top of responses you get. Business owners say that doing the work of...
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