Starting and running a small business isn’t an endeavor for the faint of heart. Even with small business optimism reaching record highs and 60% of small business owners anticipating growth over the next five years, finding the time, people, and resources to succeed is a constant challenge. If you’re looking for fresh ways to bolster […]
There are many reasons to have a small business credit card. You can use it to turn everyday business expenses into free travel. You can use it as a way to manage the expenses of your employees. It can be used as working capital to finance your business. Or, you could just use it to […]
If you’re a small business owner, chances are you’ll need to borrow money at some point for your business to grow. A lender will have to determine whether your business is worth the risk. Business credit reports help lenders make that choice. What is a business credit report? Just as your personal credit report tracks […]
If you’re a business owner who carries a balance month-to-month, you may wonder if all that interest you paid can be written off at tax time. The silver lining to revolving business expenses month-to-month is that the interest, as well as any fees you incur on a business credit card, are tax deductible. Publication 535 […]
Business owners can write off many costs involved in their day-to-day operations, but one that may be often overlooked is the ability to deduct business credit card annual fees from their taxes. Here’s the good news: annual fees (as well as some other credit card fees) on business cards are tax deductible, according to guidelines […]
If you’re a business owner looking to open a credit card, you may have come across charge cards. Similar to credit cards, charge cards allow you to streamline spending, open employee cards and benefit from rewards and other perks. However, they provide a different set of features than traditional credit cards, and are better suited […]
As a small business owner, odds are there’s a lot on your plate. You have to deal with customers, employees, vendors, bills and more, to keep things up and running. Using a personal credit card for business expenses isn’t the wisest choice in the long-run and can lead to headaches come tax season. That’s where […]
It’s time to choose a new credit card for your business, but with so many options out there, how do you decide? Chase offers three self-branded, business credit cards — Ink Business Cash℠ Credit Card, Ink Business Preferred℠ Credit Card and Ink Business Unlimited℠ Credit Card — that could be a good fit. All three come with sign-up bonuses, different ways to earn cash back and travel/protection […]
If you’re reimbursing employees for business expenses often, the back-and-forth of getting receipts and issuing repayments can be a hassle. Issuing employee credit cards can streamline the process, as well as provide the business with the ability to earn rewards. Numerous card issuers offer free employee cards on business card accounts, allowing you to benefit […]
Running a business isn’t cheap. Whether you’re a business owner just starting out or have had a business up and running for several years, you understand the high costs associated with day-to-day operations. In order to keep your business on solid footing, you’re going to need some sort of credit product such as a credit […]
If you are in business for yourself, at some point you may want to consider incorporating it, but what’s the best way to do it? According to the Small Business Administration (SBA), the majority of nonemployer establishments are sole proprietorships (86.4%), while only 14.1% of establishments at small employer firms are sole proprietorships. There are […]
There are close to 28 million small businesses in the United States, and approximately 543,000 small business start-ups each month. A discouraging statistic shows that 7 out of 10 new employer firms survive the first 2 years, and only 25% stay in business for 15 or more years. Starting a small business takes hard work, […]
