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Supply Chain Transparency for Independent Retailers

With shoppers increasingly holding businesses accountable for their impacts on the environment and their communities, supply chain transparency provides visibility into how products are made.

By September 13, 2024 | Retail, What is

Consumers are demanding more transparency from businesses than ever before. One way to appeal to this consumer behavior is through honesty and accountability in your supply chain processes. Supply chain transparency involves both internal and external access to information about product development, from sourcing to distribution. Let’s dive in. What Is Supply Chain Transparency? Supply…

Current SBA Loan Rates for September 2024

By September 12, 2024 | Financing, What is

Small Business Administration (SBA) loan interest rates are reviewed monthly and can vary depending on the type of SBA loan, the lender, and the required business qualifications. While these rates have been trending upward over the past few years, SBA loans are still one of the more affordable financing options that offer favorable rates and…

Applicant Screening: 5 Steps to Find the Perfect Candidate

By September 12, 2024 | Human Resources, What is

In the complex world of business, hiring the right candidate is a crucial task that can significantly impact a company’s success. A key piece of this process is applicant screening, a systematic method to evaluate potential employees. The process of how to screen applicants includes reviewing the initial job application and resume, initiating pre-interviews, performing…

Cash Stuffing: What Businesses Need to Know in 2024

Economic conditions are causing consumers to tighten their wallets and carefully monitor spending. Cash stuffing is making a comeback as a budgeting method of choice.

By September 11, 2024 | Retail, What is

Cash stuffing is a budgeting method that has recently started gaining traction. While many consumers have increasingly gone digital in their spending, rising inflation and cost of living have pushed some—particularly younger consumers—to pursue “old school” approaches to money management. With “cash stuffing” making the rounds across millions of posts on TikTok, it is one…

What Is a Kanban Board: A Small Business Guide

By September 10, 2024 | Office Technology, What is

A Kanban board is a visual project management tool that shows teams what needs to be done, what is ongoing, and what’s completed. Its key benefits include improved workflow visibility, enhanced team collaboration, and streamlined task prioritization. When selecting a Kanban tool, prioritize features like customizability, drag-and-drop functionality, and integration capabilities. Our resource will help…

What Is a Phone Extension & How Does It Benefit Small Businesses?

By September 10, 2024 | Office Technology, What is

Phone extensions are short numerical codes integral to directing calls and responding to inquiries. Small business owners often use phone extensions to organize communication flows, resulting in more efficient and cost-effective call management. To answer the question “What is a phone extension?”, we’ve outlined key features, examples, and benefits for solopreneurs, multi-location teams, and small…

SBA Microloans: Rates, Eligibility & How to Apply

By September 6, 2024 | Financing, What is

One of the many financing options offered by the Small Business Administration (SBA) is its microloan program. SBA microloans offer up to $50,000 in funding and are designed to help small businesses and certain not-for-profit childcare centers. Startups are eligible, and funds can be used for almost any business-related expense that helps the company grow….

What Is a Qualified Joint Venture for Married Couples?

A qualified joint venture (QJV) is a business owned by a married couple. It allows them to report their business activity directly on their joint income tax return instead of filing a partnership return (Form 1065).

By September 5, 2024 | Taxes, What is

Without QJV rules, a business that is not formally organized with a state but is solely owned and operated by a married couple would default to being treated like a partnership for tax purposes—even when there is no official partnership agreement. Being treated as a partnership for tax purposes would subject the taxpayers to more…