Business Finances Blog Posts

How to Avoid a Sales Tax Audit

December 12, 2017

Regardless of the size of your company, there is always the possibility that you will face a sales tax audit at some point. This is certainly a hassle that you’d rather avoid, and while there are no ways to guarantee you won’t be audited, there are a number of steps you can take to make that eventuality much less likely. Nexus Considerations One of the easiest ways to run afoul of state sales tax laws is to fail to register with the appropriate jurisdictions when you have a nexus there. While the broad outlines of what constitutes a sales tax… Read More

Funding Sources for Small Businesses

September 25, 2017

No matter what kind of small business you run, access to funds is likely the major impediment you face when it comes to your ability to grow. Whether you need that money for marketing, product development, purchasing real estate, or any other purpose, there are a number of avenues to explore that can enable you to get the funds you need without taking on an outsized risk. Small Business Administration One of the greatest resources for accessing funding for your small business is the Small Business Administration (SBA). The SBA operates a variety of programs geared towards helping small companies… Read More

What Ecommerce Retailers Wish their Accountants Understood

May 11, 2017

All businesses need advice from a variety of professionals. One of the most important professionals that guides a business owner is their accountant. This relationship determines a lot of the financial success of the business. A good accountant providing solid advice can help an ecommerce business succeed where otherwise they might struggle or fail. Why do businesses often hire an accountant? Online services and the growth of the Internet have made it easier for companies just starting out, to approach their finances with a do-it-yourself approach. But eventually, almost everyone in business has a relationship of some sort with a… Read More

12 Awesome Ways Your Business Can “Go Green”

April 20, 2017

With Earth Day fast approaching, now is a good time to look at some of the ways your business can Go Green in an effort to help preserve the environment. This may seem like a massive undertaking, but the truth is that there are many small steps you can take, each of which will lead to a substantive reduction in your company’s contribution to global pollution. It’s also important to remember that you don’t have to implement these changes at once. As long as you keep environmentally-friendly concepts in the back of your mind, however, you’ll find ways to integrate… Read More

Price vs. Value: Communicating Value to Your Online Customers

May 19, 2016

Warren Buffet is quoted as saying, "Price is what you pay. Value is what you get." Retailers need to understand the difference between price and value – and ecommerce retailers need to know how to communicate that to their customers without the benefit of face-to-face interaction. How does value affect a purchase? Consumers may think they make purchases strictly based on their needs or desires as well as their budgets, but retailers should understand that the psychology of “seeing value” comes into play as well. A prospective buyer will spend more if they believe that the product they are purchasing… Read More