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
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,
Schedule K-1 is a tax document used to report income, deductions, and credits from pass-through entities such as partnerships, S-corporations, and trusts or estates. Unlike traditional corporations that pay taxes on their earnings, pass-through entities allocate their income, deductions, and credits directly to their owners or beneficiaries. Each individual then reports their share on their personal income tax return.
The
A business pitch competition is an event where entrepreneurs present their business ideas to a panel of judges comprising industry leaders, venture capitalists, and angel investors. The objective is to showcase a startup’s potential for success, innovation, and scalability, often in a short and compelling presentation. These competitions are an excellent platform for entrepreneurs to gain exposure, receive critical feedback,
Unfortunately, veterans have traditionally faced several obstacles when seeking the means to grow and sustain their businesses. This may explain why only 7% of veteran-owned companies survive past the 10-year mark.
If you intend to take out a small business loan from a bank, one of the primary requirements is a business plan. Preparing this 12 to 15-page document could very well be the most tedious part of the entire small business loan process, including repayment. In this guide, we’ll break down everything your bank will likely be looking for in
Even though you might put 110% effort into every aspect of your business, it is virtually impossible to avoid the occasional complaint. Many business owners get so overwhelmed by negative reviews that they ignore the possibility of a solution. It turns out there are several ways to deal with this problem that can help your business.
Few factors play as big of a role in small business success as the location. An inconvenient location can spell the demise of a business that would have otherwise become an international sensation. On the other hand, the right location can easily offset a competitive disadvantage in price or even quality. Like Domino’s and Starbucks, some of the biggest chains
If purchasing an existing business seems like the perfect idea to you, you are not alone. Hundreds of thousands of companies are reportedly sold to new owners every year. You can expect that number to go up as more people discover how buying a business compares to starting a brand new one.
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.
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