The income statement is a financial statement that reports on company revenue, expenses, and net income as of a specific time period, such as a month or year. The income statement is directly connected to the balance sheet, […]
Many of us fantasize about breaking free from the daily grind and becoming an entrepreneur. Maybe, we tell ourselves, we could even build the next million- or billion-dollar venture. Then, too often, real life comes […]
It’s back-to-school season, which means students are hitting the mall for school supplies and clothes. Between pencils, backpacks, shoes and computers, costs can add up. Luckily, there are a host of freebies and discounts available […]
Sales tax is collected at the state level in forty-five states and in the District of Columbia. New Hampshire, Oregon, Montana, Alaska, and Delaware, otherwise known as the NOMAD states, are the only states that […]
Underpricing your product or service can be dangerous to your bottom line. Nellie Akalp, entrepreneur and founder of CorpNet.com, explains that: “Even though you might land the sale, underpricing your products and services comes at a cost. […]
More than half of young adults who enter college take on debt to do so. The bulk of this debt is student loans, according to the Federal Reserve. “Student loans are by far the most common […]
Running a business has its ups and downs. Like with many other aspects of your life, it’s not uncommon to have a change in heart/motivation when it comes to running your business. Serial entrepreneurs like […]
If you’re thinking about starting a food truck business, get ready to drop from $60,000 to $250,000 before you sell your first onion burger, grilled chicken wrap or empanada. And don’t count on making a […]
Balanced books may not be sexy, but they provide small business owners with the grounding they need to make smart forecasting decisions about expanding their business, making large purchases, or hiring new employees. While the language of accounting […]
Paying off debt can feel like a losing game at times. Between struggling with interest rates and trying to find extra money to pay over the minimum, many people need a competitive edge to create […]
Let’s get to the point. Lying on your life insurance application is fraud. But, the lie needs to be intentional to be considered fraud, known as “material misrepresentation.” Simply mis-remembering a date, guessing at your […]
For retail boutiques, restaurants and bars, a point-of-sale (POS) system serves as an essential part of doing business. Not only does it process transactions, but it also offers an opportunity to provide efficient customer service. Whether a shopper is returning an unwanted […]
Problems with payroll processing can creep up on you. Mismanage your data—by using spreadsheets or other manual tools—and bam, you could end up slipping on a financial banana peel without even realizing it. No matter how meticulous […]
There are several factors used to determine your credit scores, including your “credit mix,” or the types of credit accounts you have in your name. But even though having more than one type of credit can […]
Successful business owners learn from their mistakes. The effort required to operate your business may seem overwhelming, and you have to make a multitude of decisions every month. Once the month is over, you may […]
Climate change presents all of us with an existential crisis. In a world of rising oceans, increasing temperatures and myriad other predicted global shifts, how do you map out a retirement plan that makes sense? […]
Even if you love your job, fantasizing about retiring early isn’t uncommon. Whether you have visions of spending your days playing tennis or golf or traveling the world, once you picture yourself living a life of leisure, […]
The way people feel after going through bankruptcy can vary widely. Many feel relieved, some frustrated, others battle-worn. It partly depends on the road they took to get there. “Some people are ecstatic, it’s a […]
Whether you’re a newlywed, first-or-second-time parent or experiencing another major life event, life insurance is a crucial component of your financial plan. But how do you ensure you don’t pay too much? Luckily, there are […]
Sales Tax Holidays are short periods of time, 1-3 days or maybe a week, throughout the year when a list of items is exempt from sales tax. Each state can set its own dates, set […]
When is the best time to re-shop for auto insurance? We would say all the time, but we’re biased. It might seem counterintuitive, but one good time to shop around for insurance is after you […]
The 9-to-5 grind isn’t for everyone, but striking out on your own can be daunting, particularly if you’re trying to parlay a particular passion into a paycheck. While terms like “coolest” or “best” certainly are […]
Florida isn’t the top retirement destination anymore. According to recent research by RENTCafé, boomers’ favorite retirement destinations are states in the Southwest. The apartment search site analyzed census data from the 250 largest U.S. cities and took note of the rising population of […]
Parenting comes with many rewards. But it can also come with a huge financial burden — and moms and dads are feeling the weight. The first annual Policygenius Parents & Money Survey sought to analyze […]
Does your small business need to hire? If so, you need to plan how you’ll get around three of the biggest minefields for small employers. According to a recent study, small business owners’ top challenges with […]
If you’re struggling with high interest rates on credit cards and loans while barely making a dent in your debt each month, it may be time to consider debt consolidation. That’s a strategy where you roll […]
This year federal government is expected to spend around $737 billion in subsidies to help people pay for health care, as part of the Affordable Care Act. One way former President Barack Obama’s health care […]
As a small business owner, you wouldn’t be where you are today without your team. Whether you’ve brought on full-time W2s or hired 1099 contract workers, your people are a big part of your business’ success […]
That loud trudging sound in your workplace may be boomers marching into work — in numbers and for lengths unseen in the past 50 years. The long-held dream of retiring by age 65 (or earlier) […]
For entrepreneurs, there’s no such thing as a summer slump. In fact, long, hot days are perfect for researching, planning and executing new business ideas (provided there’s an air conditioning unit nearby). But if you […]