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Starting or growing your small business requires careful planning. A business plan is a detailed document outlining the goals, strategies, operational plans, and risks associated with starting or running a business. Various types of business plans will be your roadmaps to securing funding, planning for

Business credit cards provide many advantages for business owners when used responsibly. They can be an excellent financing option that helps boost your credit score if payments are made on time. However, poor management can lead to accumulating interest, increasing costs, and jeopardizing your credit. In

We will walk you through how to open a business bank account—from gathering the required documents based on how your business is organized and choosing the right account, to counting the cost of fees and setting up online banking. Knowing ahead of time what kind

Healthcare organizations are required to be HIPAA-compliant to protect patient information. While credit card processors themselves are generally exempt, those that provide additional functions, such as invoicing and booking management, are subject to HIPAA compliance for healthcare providers to legally use their payment service. With this

In this article, you’ll learn how to manage inventory using the Lightspeed POS system. Lightspeed is our top-recommended point-of-sale (POS) inventory system, best for midsize businesses with multiple locations. It has age verification tools, payment processing, and analytics reporting. This system is browser-based, so you

An employee referral program involves asking your employees to refer candidates who may not have otherwise applied to your open roles and rewarding them for their referral efforts. With an employee referral, you gain access to higher-quality applicants—and may reduce hiring costs and time to

Editorial and Partnership Disclosure Capital One Spark Miles for Business is an excellent travel credit card that comes with a low annual fee of $95, waived for the first year. This card offers unlimited 2× miles on every business-related purchase, which you can redeem for

Editorial and Partnership Disclosure Costco Anywhere Visa® Business Card by Citi is designed for business owners who have significant gas expenses and shop at Costco stores frequently. It offers premium cash back on these expense categories, provided as an annual credit card reward certificate that’s

An employment contract is a written employment agreement documenting the shared rights and responsibilities between your company and an employee. A strong employment contract template should include terms of the agreement, the employee’s responsibilities, compensation and benefits, and an at-will statement. We’ve provided a general employment

As credit card transaction fees continue to rise, so does the cost of doing business. Unfortunately, there is no absolutely free way to accept payments online for free. In 2024, merchants pay anywhere between 1.5% and 3.5% for every credit card sale, and online transaction

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