business Archives - Page 18 of 19

Really Common Payroll Mistakes That Will Hurt Your Business

It is normal to make mistakes since this is a part of human life. The problem is that payroll mistakes do have serious consequences in the business world. A simple wrong number can lead towards employees being incorrectly paid and the entire organization can become inefficient. The good news is that there are always ways to fix problems and avoid them appearing in the first place. Outsourcing to a professional payroll management company can be a solution. However, knowledge is still needed. You should at least know the common payroll mistakes that appear and that can hurt companies. This is…

How to Raise Money for your Business with Asset Finance

If you own a small business and are looking to buy new equipment or make investments in the infrastructure of your business, you will be interested in the concept of asset finance. For small businesses, asset finance is a simple way to buy the equipment you need to make a difference to the financial health of your business. You get the assets you need while conserving your working capital, which is highly important when you are building a healthy cash flow. Find out more about asset finance for small businesses with our quick guide. What is Asset Finance? Using an…

Preparation Tips for Year-End Work with Your Accountant

The end of the year financial reports can be a daunting task unless you have the help of an accountant who is experienced with providing the reports that you need. As with all other aspects of running your company, you should never put off until the last minute anything that can be worked on ahead of time. If you work on keeping accurate records and handle all of the details as your financial year progresses you’ll find that your year-end work is not so stressful. Use the tips below to help you get ready for your year-end financial reports and…

How to build a loss reduction plan for your small business

A loss reduction plan is essential to combat business risks that are either inevitable or very likely to occur. The first stage of a loss reduction plan is to acknowledge the maximum potential loss by factoring in as many variables as possible. Once you have a good idea of what the potential loss could be, you then have to decide what you would consider to be a manageable or acceptable loss for your business to deal with. The complexities of modern day business structures mean that most businesses require loss reduction plans for a large number of potential risks. REDUCE…

How to keep employees from stealing in a small business

As much as you’d like to trust the people you’ve brought into your retail store, shrinkage caused by employees is a real problem that can’t be ignored. Indeed, studies on small business theft have revealed that this problem is a shockingly common one; to pretend it doesn’t exist only puts you and the long term viability of your business at serious risk. Here’s how to keep your employees from stealing in a small business… Run a background check on all new hires Many thefts are motivated by an ongoing drug or gambling habit. By requiring all new employees to submit…

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