Transportation Factoring: Learn How Factoring Can Help Your Firm
Factoring is a great tool for businesses in all industries; however, the transportation industry has some unique challenges that factoring is especially good at addressing. Transportation factoring is a great way to boost your cash flow and keep your business running smoothly.
I have been in the commercial finance industry for almost seven years. If there’s one thing I’ve learned in that is that for a business to succeed is it must cash flow.
As a business owner, you should be aware of the 2013 tax law changes impacting your business and, more importantly, your cash flow. Most notable are the changes in payroll taxes that employers are responsible for paying federal and local tax agencies on behalf of their employees. Here are some of the changes to expect.
No matter the industry (manufacturing, distribution, construction or services) there is one common thing that is needed for your business to be successful and survive.
For most small business owners, not having enough cash to make payroll for their employees is one of the top concerns that keeps them awake at night. It is not unusual for small, growing companies to have periods where cash is tight, forcing business owners into the unfortunate position of not being able to make payroll.
Do you ever feel like you aren’t able to get ahead? Do you always feel like you’re struggling to stay organized? You may feel like you’re not sure what bills are due when, or you maybe you’re scratching your head wondering how to make payroll this week.
In business, cash is the fuel that keeps your engines running. Without enough cash, your business comes to a screeching halt. Cash is what allows you to purchase materials and pay employees. It’s what lets you fulfill orders and grow your business. You are dead in the water without it.
A business owner is always able to count on three things -- death, taxes and payroll. Payroll is an expense that is common to all businesses and its due date is practically set in stone.
As a small business owner, you have to wear any number of hats, one of which is human resources and finance. One of the biggest headaches small business owners encounter is submitting payroll. According to the National Federation of Independent Businesses, more than two thirds of small businesses still do their entire payroll accounting by hand.