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
Entrepreneurs are only human. Just like everyone else, they often struggle to stay motivated and maintain their sense of purpose. The stress of an uncertain future never wears off. Regardless of their latest achievements, an entrepreneur’s life only gets harder as their business grows. You can’t blame them for questioning why they continue to put themselves through so much psychological
Most business owners are aware of the general requirements for business loans. To be approved, applicants must possess excellent personal credit, at least two years in business, consistent cash flow, and vast working capital reserves.
Lots of people dream of quitting their jobs and starting their own businesses. But only a fraction of them follows through with their ideas. What separates the dreamers from the doers? In many cases, it’s the fact that members of the latter group aren’t starting their businesses alone. They have a partner who is willing to take this brutal journey
New entrepreneurs have a habit of underestimating the most mundane aspects of building a business. Responsibilities that seem relatively straightforward and effortless are discovered to be quite complicated and time-consuming. One of the most common examples is running payroll. This doesn’t just refer to the act of paying your employees. You must also choose a payroll schedule, calculate the amount
Once you have established the need for a small business loan, you must then figure out what type of small business loan would work best for you. This doesn’t mean choosing between different business financing products. If you’re comparing a business line of credit to an SBA Loan, you’re skipping too far ahead. The potential borrower must first consider whether
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].
