If you’re a small business owner, you can deduct your mileage on taxes as a business expense. But, make sure you’re following the rules about what drives you can deduct. Here’s what every small business owner should know about deductible business mileage.
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Ready, Set, Go! Mark Your Calendars With Sales Tax Holiday Dates
For business owners in most states, collecting and remitting sales tax is part of the job description. But on select dates throughout the year, your customers can take advantage of a sales tax holiday.
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8 Fast Facts to Make Giving Charitable Donations a Smooth Process
Do you enjoy contributing to your favorite nonprofit organizations? If your business makes charitable donations, you’re automatically eligible for the joy of giving. And, you may qualify for a tax deduction.
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Resilience During a Recession: Strategies for Business Survival
For months, the looming recession has been on everyone’s mind. In October 2022, 91% of CEOs said one would occur within the year. And in December 2022, Forbes found that large tech companies, banks, and manufacturers had laid off nearly 125,000 employees to prepare.
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The Best State to Start a Business [According to Research]
Ah, location, location, location. Choosing where to open up shop is one of the first and most important decisions you’ll make when starting a business. But, location isn’t just about picking a building on a popular street corner. It’s also about selecting a state to do business in—the best state to start a business.
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How to Run a Food Truck: Where Fine Dining Meets the Open Road
Chances are you’ve eaten at a food truck before. A food truck is a mobile restaurant, often selling food at designated areas, street corners, or festivals and special events. Food trucks may be a great way to turn your dream of owning a restaurant into a reality. If you’re considering running a food truck, you’re […]
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Leasing a Commercial Space? Here’s What to Know
Maybe you started out running your business from your home or garage. Or, maybe you’re getting ready to launch a new business. Whatever the case may be, there might come a time when you need to rent an office, retail space, or warehouse. And if you do, you need to know the ins and outs […]
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Startup Checklist: List of Things Needed to Start a Business
If you’re thinking about starting a business, you’ve probably seen the business startup checklists online and already know them like the back of your hand. Make a plan. Choose a business structure. Secure funding. Register your business name. But what about the tangible things you need to start a business, like a storefront or startup […]
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What to Do When Your Business Runs Out of Money: Effective Strategies
Cash flow problems happen—often. It’s why 82% of small businesses fail. But if you have issues with your cash flow, you’re not doomed to close up shop. Instead, it’s like coming to a fork in the road. Turn right to power through, or turn left to call it quits. To get out of the red, […]
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Liability for Debts: Are You at Risk of Losing Your Personal Assets to Business Debts?
The average small business owner is roughly $195,000 in debt. Imagine paying that amount from your pocket, and if you can’t, how it’ll reflect on your credit report.
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