Expanding operations overseas can be a complex process, especially when dealing with international payroll and taxes. For instance, you’ll need to decide if your business is establishing an in-country presence where your employees will be working and what types of overseas employees you’ll be handling. These determine what payroll laws apply (both in the US…
How To
How to Do Payroll in Arkansas: Everything Business Owners Need to Know
Arkansas is a unique state when it comes to processing payroll, as you’ll have to factor in its progressive state income tax rate and the more stringent child labor—though some of these requirements have recently been loosened—and final pay laws. While some of its regulations are more complicated and will take more time to complete…
How To Raise Venture Capital Funding For Your Business
Raising venture capital (VC) requires the consideration of the value of your business, amount of funding, business goals, and relationships with investors. It can be challenging to find venture capitalists who will invest in your business, so be sure to determine if it’s a suitable option before proceeding with seeking investors and the following steps….
How to Start a Clothing Line in 12 Steps (2024)
A competitive and appealing concept, a viable business plan, unique designs, and a solid marketing strategy are a few of the things you need to develop when starting a clothing line. You can start a small-scale clothing line for as little as $500, although costs can vary widely. Use our guide below to learn how…
How to Do Bar Inventory in 6 Steps
Counting your bar inventory—the total supply of beer, wine, spirits, mixers, and other beverages that your restaurant or bar has on hand—is the most important aspect of running your business after providing a great guest experience and working environment for your staff. Understanding what you have on hand, where the product is going, how much…
How To Raise Angel Funding for Your Business
Angel funding is a way to raise money for your business with the help of angel investors, who offer seed money to promising startups or small businesses in exchange for an equity stake in your company. To receive angel funding, you’ll need to do your due diligence in vetting an angel investor best suited to…
How To Calculate the Average Age of Accounts Receivable (+Calculator)
The average age of accounts receivable (A/R) is calculated by dividing 365 by the annual A/R turnover ratio. Average Age of Receivables = 365 days A/R Turnover Ratio A lower average age of receivables indicates that a company is collecting its debts more quickly, which is generally considered a positive sign for a company’s financial…
How to Calculate Vacation Accruals (+ Free PTO Calculator)
Small businesses that offer paid time off (PTO) must manage vacation accruals accurately—keeping track of how much PTO each employee has earned and when it was used—to avoid labor law violations. Our PTO accrual calculator lets you determine the appropriate accrual rate to use per pay period based on your business workdays, hours in a…