4 TIPS TO AVOID ESTIMATED TAX SURPRISES

As usual, taxes are due on April 17th of every year, with the quarterly estimated amount due on September 15th. Ideally, you’re not one of those entrepreneurs who get a reality check with their estimated taxes. On the off chance that you are, it’s alright, as we’ve all experienced it ─ particularly when we were quite recently beginning. That being stated, there are sure things you can do to ensure your assessed charges don’t take you off guard. Truly, there’s nothing more terrible than missing the mark and expecting to scramble to pay your bill. To help, here are 4 tips to avoid tax surprises this upcoming tax season: 1. Know Each Quarterly Due Date When somebody is quite recently …

WHY IS E-INVOICING IS A WINNING STRATEGY

It`s shocking to know that 70% of businesses are still using paper invoicing, a shoe box for storing bills and excel files to manage all of that. People often think that online invoicing tools are hard to use or are not safe enough, which is not true. In this article, we will try to show you the good side of e-invoicing and maybe you will throw that shoe box away by the end of the day. 1. Time and Money The idea of being an entrepreneur is that you thought you would have more time and money for you and your family, but you are always in a lack of time. According to the latest research, independent entrepreneurs spend about …

MONEY ADVICE YOU SHOULD IGNORE

Every entrepreneur, when starting a business, receives so much advice and they always think that it is all good and helpful. Everyone you meet will likely have words of wisdom, whether it’s based on their own personal experiences or their own observations as outsiders. However, some of the tips that business owners receive are not so good for their company; the others are not good for anyone. Today, we created a list of money-related advice that entrepreneurs should consider carefully. Asking Friends and Family if They Will Work for Free The road to Hell is paved with good intentions. Even though you think that you can take advantage of free labor ─ friends and family that will help you and they …

HOW TO STAY ON TOP OF ACCOUNTS RECEIVABLES

The goal of every entrepreneur is to get paid. While it’s not the task that you are the craziest about, it sure is the most important one, and this is the main reason why entrepreneurs need to keep track of their accounts receivable. But with being busy running your business, how do you stay on top of it? We all know that running your own business means that you are in charge of every part of your company, so accounts receivables sometimes can be overlooked while you’re waiting for that free moment to come. To stay organized and on top of  your company’s finances, here are several tips on how to manage accounts receivables: Do It Manually I always say that the …

CAN ONLINE SYSTEMS LEAD TO FASTER PAYMENTS?

Many business owners have cash flow problems which usually is a result of non-paying clients. Managing cash flow is a struggle and not having a healthy flow is a big problem. Creating a plan and system that will allow for faster payments means more income. Here are several tips that business owners can use to have more cash flow and fewer headaches: Automate Let`s be real. If you are in charge of sending invoices, more than likely, a couple of times, you have probably forgotten to send one or two, or sent them late. . . And that automatically leads to late payments. Late invoices might mean missing your clients’ billing cycles or cause them to be overlooked. Being a business owner, you probably …

Things You Need To Know About An Invoice

Finances are the most important element of any business ─ whether you are a freelancer or an entrepreneur. However, staying on top of financial tasks can be a bit tricky and an overwhelming process if you don`t know how to handle it. Mostly, all of the small business owners that I know want to hold all of the dices so that they can handle everything themselves. This strategy can be beneficial because you will always know what’s happening in every corner of your business. But you might not have enough time to focus on the most important aspect to keep your business running – your income. What are the most important points to know about invoicing? To help, we’ve listed them here: …

CREDIT CARD PROCESSING FRAUDS THAT YOU SHOULD BE AWARE OF

Money fraud has been here for ages and still keeps haunting business owners and consumers, as well. There is no pattern for determining who can be a victim of a fraud. In actuality, every business owner and company may be the next victim. However, credit card processing companies are at the highest risk in this situation. Let`s have a look at the most common credit card processing frauds and tricks to avoid them: Authorization Scamming When a client’s credit card is declined, that may not be unusual; it happens from time to time for many reasons. However, to play it safe, merchants can perform a “Force Authorization” to complete the transaction. A merchant typically conducts a Force Authorization because they …

4 BENEFITS OF ELECTRONIC PAYMENT FOR FREELANCERS

Cash flow is critical when you are a freelancer. I know friends who have started with freelancing a couple of years ago, and they were still receiving checks. It`s a long and painful process, and you will keep worrying if the check is in the mail or when you can cash it. In the end, it might mean taking over ten days to receive your money, from the writing to the mailing to the cashing of the check. Thankfully, today, we have many invoicing tools to choose from, such as Sighted, that will help freelancers to get paid via a digital platform that you can trust. Let`s take a look at the benefits of using an electronic payment platform for freelancers.  Here …

CAN YOU RETAIN LONG TERM FREELANCE CLIENTS?

Something any fruitful entrepreneur or freelancer will let you know is that you have to hold on to happy clients. On the off chance that they are not cheerful, they won’t remain as a business association to you. Having happy clients enables you to create a greater customer base. It is essential to assemble an unfaltering base of clients so you can expand your wage and keep your invoices getting paid regularly. To help with that, we have listed 6 tips to enable you to hold on to long term freelancer clients: 1. Accept Feedback Being a decent communicator is imperative to maintaining long-haul, independent clients. Approach your customers for criticism on the work you do to improve it for them. …

THESE SYSTEMS WILL LEAD TO FASTER PAYMENTS

The cash flow cycle is a regular battle for entrepreneurs. As a rule, this is because of an income issue. The income issue is typically an after effect of entrepreneurs not getting paid adequately. Speedier payments are a bit of a hindsight for entrepreneurs. They regularly think that having a remarkable talent will be sufficient enough to get paid. Yet, this is not the situation, by any stretch of the imagination. In reality, you have to create a system for your business that takes into consideration faster payments and more income. Here are several ways entrepreneurs can utilize online tools for faster payments and better financial security: Automation In case you’re taking care of the greater part of your invoicing …