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Category Archives: Small Business

5 Things Sole Proprietors Should Automate or Outsource ASAP

By | Accounting, Business Growth, Small Business, Software, Strategy

by Shuyi Shang, Accounting Community Manager at Bento for Business   One of the topics that comes up most when I talk to our CPA and accounting clients is time: they want more of it. But the universe is stingy. So I decided to ask some people who always seem to get stuff done on time what they recommend. Turns out, it’s two things: automation and outsourcing. Here are five things you can automate or…

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The Post-Tax-Season To-Do List that Will Transform Your Practice

By | Accounting, Business Growth, Small Business

Tax season’s in the rearview mirror, which means a lot of us are breathing a sigh of relief and enjoying some well-deserved down time. That’s great. But before you jump back into business as usual, it’s important to take some time to reflect on your business – especially if this past tax season made you want to pull out your hair. Most solopreneurs don’t make time to do this because they’re so busy keeping up with…

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Fraud Alert: 10 Ways You’re Making it Easier for Employees to Steal from You

By | Accounting, Employee Theft, Finance, Small Business

Whether or not you’ve stopped to think about it, small businesses are more vulnerable to internal fraud than their larger counterparts. This is because small businesses… Typically don’t have a budget for fraud detection. Rarely have official policies in place for handling funds, checks, reimbursements, and bills. Often rely on trust rather than clearly defined documentation, rules, and consequences. These attributes have real-world consequences. The Association of Certified Fraud Examiners found that the median fraud-related…

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5 Fraud Prevention Strategies for Small Businesses on a Budget

By | Accounting, Employee Theft, Employees, Finance, Small Business

Preventing fraud may not be top-of-mind for most small-business owners, but accounting professionals understand that fraud is a real – and potentially costly – risk. In fact, the Association of Certified Fraud Examiners (ACFE) found in 2016 that the median fraud loss at businesses with fewer than 100 employees is $150,000 – the same as it is for businesses with more than 10,000 employees. The implications are staggering. While a loss of $150,000 is never helpful, larger businesses…

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What Can Small Businesses Learn From Apple?

By | Education, Marketing, Small Business, Strategy

When it comes to building a successful business, it’s important to stay hungry, foolish, and inspired. There are many successful brands in the world to draw your inspiration from; however, none of them are quite as influential as Apple. While Apple has launched many successful products since its inception, the historic success of the iPhone has given the company a cult status in the global technology industry. Recently, Apple’s new release of the iPhone 8…

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A Labor Day To-Do List for Small Businesses

By | Event Planning, Marketing, Small Business, Strategy

Labor Day, which coincides with the end of summer, reminds us to enjoy one more long weekend vacation, picnic or parade before the weather cools. However, the cherished holiday continues to serve an important purpose—celebrating the social and economic achievements of American workers. According to the United States Census Bureau, there are 159.8 million wage and salary workers in the country as of May 2017. For most American SMBs, Labor Day can be a chance for both reflection and transition….

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Independent Retailer Month: Tips to Prepare for the Campaign

By | Small Business, Strategy

The Independent Retailer Month is a campaign that celebrates and highlights the US indie retail industry throughout July every year. Small and independent retailers play a crucial role in the communities they serve, the local economy they contribute to, and the retail sector as a whole. Indeed, small and independent retailers drive the US economy as they account for an estimated 11.5 million jobs, i.e., 40% of the total jobs in the US retail industry….

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How to Do Small Business Payroll

By | Accounting, Guest Post, Small Business

Hiring employees is exciting. It means you’ve learned how to successfully start a small business, and now your company is growing. Hiring employees also means you have new employer responsibilities. Not only do you have to manage workers, but you also have to start running payroll. Kaylee Riley from Patriot Software, LLC. wrote this helpful post on how to do small business payroll. Read on! Setting Up Payroll Before you can run payroll, you have to collect information…

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SMB SEO: How to Build Backlinks for your SMB

By | Education, Growth, Marketing, Small Business

Link building has remained the foundation of search engine optimization efforts for all types of business entities regardless of their size. However, the quality of links and the methods of acquisition have changed over the past several years. In SEO, backlinks are essentially links your website receives from external websites for being an authority source within your niche. Technically, search engines consider backlinks as a sign of trust and incorporate them as a ranking signal…

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What SMBs Can Learn from This Expense Management Survey

By | Small Business

Conventional wisdom says extensive expense reporting is only applicable to large businesses. However, recent surveys reveal small businesses can also benefit from streamlining their expense reporting tools as well. According to Certify, a cloud-based expense management software solutions provider, companies now spend as much as 10-12% of their total annual revenues on travel and entertainment. As a small business, keeping track of your daily expenses can be a complicated process, but it’s imperative nonetheless. By…

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