Free Resources

By following our 10 cash flow management tips for small business operations—including not paying bills until due, utilizing a credit line, investing excess cash, establishing a petty cash fund, and determining your cash conversion cycle—you can meet short- and long-term cash requirements and optimize return

Payroll for nonprofits is the process of managing and compensating employees within a nonprofit organization, ensuring compliance with tax obligations, and handling employee benefits. The process goes the same way that for-profit businesses do; however, there are some differences depending on your organization’s structure and

The list below includes the most common business expense categories that a small business may encounter; it’s not an exhaustive list. In general, you may deduct expenses that are ordinary and necessary for your business. The IRS website defines “ordinary” as something common for your

An employment background check is a process for verifying a candidate’s background and qualifications and screening for red flags by checking criminal records, credit reports, driving history, and more, when applicable. Before conducting one, it is important to implement a background check policy to ensure

An employment probation period, referred to as a probationary or employment training period, is a time frame used to determine if the new hire is the right fit for the position and the company is right for the employee. A typical time frame for a

Payroll compliance refers to the legal obligation businesses have to adhere to local, state, and federal laws related to employee compensation. It’s not just about paying your employees on time, but also ensuring that you’re withholding the correct amounts for taxes, providing the right benefits,

A business money market account (MMA) is a flexible, low-risk method of saving money while maintaining access to the funds you have on deposit. It functions like a savings account by offering an APY equal to or higher than most regular business savings accounts. It

The loan-to-cost ratio, also known as LTC, is a calculation that’s used to evaluate the costs of a commercial real estate project. It is calculated by taking the loan amount of a commercial mortgage and dividing it by the property’s total project costs. It is

Special event insurance is primarily a liability insurance policy for a business, vendor, or individual hosting an event. The policy provides coverage for injuries and damaged property, with additional options like weather cancellation. Unlike other policies, special event insurance is a policy with one payment,

Bonus depreciation is a form of accelerated depreciation that offers an immediate tax deduction, speeds up tax savings, and makes an asset that you placed in service more affordable.

Debt-to-income (DTI) ratio is a measure of your monthly debt obligations in relation to your monthly income. It’s calculated by taking the total dollar amount of your monthly debt payments, and then dividing it by your gross monthly income. Lenders often evaluate your DTI ratio to

Federal labor laws and related state labor laws affect all businesses with employees—even more so for companies with at least 50 workers. They govern workforce practices and areas such as overtime, minimum wage, on-call pay, employee breaks, sick leave, hiring minors, and employment discrimination. Labor