Although you are allowed to use a personal bank account for your business, creating a sole proprietorship account is highly recommended. A dedicated business bank account offers tax incentives, accurate recordkeeping, and improved business credibility. This guide covers why you should never mingle your personal and business funds together. What is a Sole Proprietorship Bank …
Nearly 78 million Americans volunteered their time for an organization in 2019—that’s about 30% of the population—according to AmeriCorps. Nonprofit organizations and other companies that rely on volunteers should be developing and managing volunteer programs that benefit the organization and volunteers. It all starts with a well-designed plan. This Library topic is called “Developing & …
NFTs are taking the digital world by storm and appear to be growing in popularity with each passing day. What’s more, savvy investors are taking advantage and bringing in some serious profits. What is an NFT, and what makes them so special? This ultimate guide answers all your questions and more. What is an NFT? …
Inflationary and deflationary cryptocurrencies are opposite sides of the same coin. The first one consists of increasing cryptocurrencies in circulation, while deflationary cryptocurrencies have a limited amount circulating (this amount usually remains the same, it doesn’t increase). Or, if they eventually do, it rises at a slower pace. What is a Deflationary Cryptocurrency? A deflationary …
Small businesses that receive payments via card terminals like credit and debit cards can opt for a merchant cash advance (MCA) instead of traditional bank loans. An MCA is an advance on credit card receipts where small business owners receive an upfront lump sum. Who Is a Merchant Cash Advance Best For? Merchant cash advances …
Business operations is an elusive but necessary part of any organization looking to maximize productivity and profit potential. Companies that struggle to understand operational demands often miss key opportunities to succeed. This article explains how operations applies to businesses and tips for improving efficiency across the board. What Are Operations in a Business? An operations …
With more than one-third of U.S. small businesses accepting virtual payments, cryptocurrency is gradually making its way to the mainstream. But when we evaluate the pros and cons of cryptocurrency, we realize that the crypto market isn’t as stable as traditional financial markets. The 2022 crypto crash is the most recent example of how unpredictable …
According to recent reports, 43% of all data breaches target small businesses. Roughly 61% of all small to medium-sized businesses have been affected by at least one cyber-attack in one year. These stats help you understand how vulnerable small businesses are to cybersecurity threats. But what can you do to make sure your business stays …
Corporations are responsible for a bevy of taxes on the state level across different mediums. Above that, each state sets its own rates for corporate entities to contend with. State corporate tax rate varies depending on which state from which you operate your business. Corporate State Tax Rates Explained Corporations are a type of business …
It’s your responsibility to pay income tax by state if you earn a salary as an employee or profits through your own business. However, it can be challenging to compute your total state income tax because each state in the U.S. has its own taxation guidelines. No matter which state you live in, read our …
