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Motivational September 6, 2013

A College Student’s Startup Guide

The emphasis on the extraordinary qualities of his circumstances may mistakenly imply that having access to these connections is necessary to develop a skill into a successful business model. In fact, many student-run businesses begin on public university campuses with seed money from readily accessible part-time jobs or a college-sponsored entrepreneurial competition. Regardless of your […]

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Business Funding Tips August 29, 2013

Bank Line of Credit

A line of credit involves a bank setting aside designated funds for a business to draw against as needed, similar to the credit limit on a credit card. As funds are used, the credit line is reduced, and conversely, when payments are made, the line is replenished. There isn’t a set monthly payment as you […]

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Startup Tips August 28, 2013

Preparing for an Audit — Business Tip

Did your business get picked for a tax audit? The key to surviving an audit -and even coming out on top is not to panic, but to prepare. If you go it alone, before meeting the auditor, thoroughly review the tax returns being audited. Be ready to explain how you or a tax return preparer […]

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Business Funding Tips August 22, 2013

What Are Letters of Credit?

  Letters of credit have been used for centuries to ease payment in international trade. A letter of credit is a promise to pay. Banks issue letters of credit as a way to ensure sellers that they will get paid as long as they do what they’ve agreed to do. The bank will only issue […]

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Finance August 12, 2013

Tips for Employers Who Outsource Payroll

Though most of these businesses provide very good service, there are, unfortunately, some who do not have their clients’ best interests at heart. Over the past few months, a number of these individuals and companies around the country have been prosecuted for stealing funds intended for the payment of payroll taxes. We’ve compiled some outsourcing […]

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