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What Is BNPL? Small Business Guide to Buy Now, Pay Later

Buy now, pay later is a new and popular payment option, particularly for online purchases. However, does the boost in sales BNPL provides offset its steep processing fees?

By August 9, 2023 | Retail, What is

Buy now, pay later (BNPL) is a type of short-term financing that lets your customers pay for purchases over time, often with zero or low-interest rates. BNPL payments first gained traction with online shoppers looking to finance apparel and beauty purchases. While BNPL surged in popularity during the pandemic to finance large purchases, today, people…

Accounts Receivable (A/R) Turnover Ratio: Definition & Calculator

By August 8, 2023 | Accounting, Free Resources, What is

The accounts receivable (A/R) turnover ratio is helpful in managing your A/R and measures how effectively a business collects payment from customers they have extended credit to within a given period―generally one year. Analyzing the A/R turnover should include industry benchmarks to give you a full understanding of whether the company is doing fine at…

What Are Payment Links & How to Use Them

With a payment link, merchants can accept payments remotely without the need of customer accounts, a website, or special apps.

By August 8, 2023 | Retail, What is

Payment links (also called checkout links or pay by links) provide merchants with a means to request and collect remote payments on almost any online and remote platforms. It is as simple as attaching the link to an email, a digital invoice, on your websites and social media posts, in your instant messages, and even…

What Is Impulse Buying & How to Leverage

By August 4, 2023 | Retail, What is

Impulse buying refers to unplanned or spontaneous purchases that shoppers make on a whim due to an emotional response at the moment of seeing the item. Impulse buying can happen both in brick-and-mortar stores and online. This guide will explore why people buy impulsively, what items are most frequently purchased, and how you can capitalize…

What Is a Personal Holding Company (PHC)?

By August 2, 2023 | Taxes, What is

A personal holding company (PHC) is a closely held C corporation (C-corp) where at least 60% of its income is from passive investments like stocks, bonds, and rental activities. Most PHCs result from a business owner operating a business and selling all its assets but failing to distribute the money to the shareholders to avoid…

What Is a Disregarded Entity for Tax Purposes?

By August 2, 2023 | Taxes, What is

A disregarded entity is a business that’s not separate from its owner for federal tax purposes—the owner reports and pays the business portion of income and taxes on their tax return. This information is often reported on Schedule C, but you may also find it on Schedule E or Schedule F. Filing Requirements of Disregarded…

Guide To Small Business LLC Taxes & LLC Tax Returns

By July 28, 2023 | Taxes, What is

Generally, limited liability company (LLC) taxes are reported as a sole proprietor on Form 1040 Schedule C if there is only one owner or on Form 1065 as a partnership if there are multiple owners. Sole proprietors and partnerships are flow-through entities, so the income is taxed on the owner’s tax return. However, it may…