The Costs and Effects of Labor: How to Calculate your Burdened Labor Costing

As a business owner, you may have heard the term “critical mass” before. It refers to the minimum amount we need to start or maintain a venture. However, we all know that when operating...

Comparing the Most Popular Options for Small Business Financing

Every business needs working capital to grow, whether that's remodeling your current physical location, opening a new one, buying inventory or new equipment, hiring new employees, or other major purchases that are vital to...

The Impact of Tax Reform on Financial Statements: Are You Ready?

You’ve probably seen the big changes that many publicly traded entities have announced related to the accounting for the Tax Cuts and Jobs Act. It’s important to remember that the impact of tax reform...

Why Using Sales Tax Revenue as Working Capital Could Destroy your Small Business

There’s an urban myth among many businesses that goes something like this: “I collect sales tax, therefore it’s OK to use it from time to time to run my business.” However, this line of...

Online Sales Tax Exposed: What Amazon’s Decision Means for E-Businesses

As sales tax revenues continue to downward spiral, the online sales community is destined to become a piggy bank for the government. A recent decision by Amazon triggered what could be a nationwide wave...

Understanding Liquidity – The State of Your Company’s Assets

“I’m very liquid”, you hear the giants of industry say. I think we all jump to the conclusion that the person making the statement has a lot of cash. In general, we would be...

How to Choose your Small Business Accountant

One of the most important decisions that you will make as an entrepreneur is the selection of a small business accountant and tax advisor. It is can also be one of the most intimidating decisions for most...

Small Business Financing: Why you Should Consider a Line of Credit

If you’re running a small business, you’ve got a long list of operational concerns, with cash flow at the very top. Conducting day to day operations, hiring and managing employees, maintaining inventory stock, keeping...

What Do Income Statements and Balance Sheets Actually Tell You?

Financial statements may not immediately drum up feelings of elation—but at Bench, we think numbers can bring joy. We put this guide together to help improve your financial literacy by understanding your statements and how...

How to Utilize your Accountant to Improve your Small Business Efficiency

From expenses and timesheets to estimates and invoices, it can be overwhelming to condense an entire year of business into one single meeting with your accountant. Wouldn’t it be great if they were with you all year long monitoring...
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