A slush fund in the world of small business would be a misnomer. In practice, the term has a very negative connotation, implying secret slush funds or other devious uses of money. If done right, a slush fund can be an intentional financial strategy for your business.
A slush fund refers to a reserve of money set aside for discretionary
Commercial auto insurance is a specialized form of business insurance designed to protect vehicles used for business purposes. Unlike a personal auto insurance policy, which is intended for personal use such as commuting, commercial auto insurance provides higher liability limits and broader coverage tailored to the risks associated with business operations. This type of insurance safeguards businesses from financial losses
Sending someone to collections occurs when a creditor has exhausted all efforts to recover a debt, often involving a collection agency. This process typically begins with a demand letter requesting payment.
Debt collection is vital for creditors to recoup unpaid debts like credit cards, medical bills, and student loans. However, if unresolved, it can harm the debtor’s credit score
QuickBooks Workforce is a versatile online tool designed to streamline payroll and employee management processes for small business owners. Integrated with QuickBooks Payroll, this platform allows employees to access their pay stubs, W-2s, and other essential payroll details anytime, anywhere.
Employers can leverage QuickBooks Workforce to provide employees with a centralized system for tracking their earnings and work schedules,
1099 contractors don’t have federal income tax withheld on the money they earn. That can lead to a major tax bill at the end of the year. Depending on how much you earned, you could owe thousands or tens of thousands when you file your taxes.
You should take advantage of every opportunity to reduce your tax expenses. The best
Pricing is one of the most critical decisions for new entrepreneurs and requires great thought due to the myriad of factors involved. This includes your industry, target market, and of course, your desired profit margin.
Cash flow is one of the most common culprits of small business failure. This is mostly because there are so many ways to run into cash flow problems. And since all businesses go through ups and downs, it’s very easy to balance cash flowing in and cash flowing out to be disrupted.
Veteran business leaders are always urging younger entrepreneurs to check their financial statements. The importance of this advice stems from one of the most common reasons for business failure. When you’re as busy as an entrepreneur, it’s easy to focus your attention on the wrong areas unknowingly. But all the improvements in the world won’t save your financial health if
Some of the most successful entrepreneurs rose to prominence with daring, revolutionary ideas. They debuted innovative business models, capitalized on untapped markets, or offered products or services no one had ever seen before. This created the widespread notion that entrepreneurship can only mean stepping way, way outside of the box.
All small businesses share at least one common goal: obtaining substantial working capital. It’s almost impossible to grow an operation without the means for several significant investments. When you hit the inevitable speed bump, your cash cushion will help you keep moving forward.
Fraud Disclosure:
Please be aware that individuals have been fraudulently misrepresenting to business owners (and others) that United Capital Source, Inc. (“UCS”) can assist small businesses in receiving government grants and other forgivable business loans, when in fact those grants or loans do not exist or are not available. These individuals have ulterior motives and are engaging in the unauthorized use of the names, trademarks, domain names, and logos of UCS in an attempt to commit fraud upon unsuspecting small business owners.
UCS will never communicate with a prospective client on Facebook, Facebook Messenger, or any other type of social media. Further, any email communications will always come from an official UCS email address and not a Gmail, Yahoo, or other email domain. If you believe you have been contacted by someone posing as an employee of UCS, please email [email protected].
