article thumbnail

Should I Hire a Business Consultant for My Small Business?

Zenefits

Small business owners have a lot on their plate. But who can a business owner speak with for advice on business strategy? Another business owner may have some advice, but do they have the industry-specific experience to answer all your questions? What does a business consultant do for companies? Operations.

article thumbnail

How to Keep Inflation From Derailing Your Budget

Zenefits

With the rising inflation rate breaking all records, rising interest rates, supply chain disruption, the ongoing pandemic, and armed conflict in Europe, small businesses are caught between a rock and a hard place. There are a number of actions a small business owner can take to reduce the effect of inflation on their organization.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Unlock Your Business Growth: A Complete Guide to Planning

Jackie Nagel

But when a small business owner launches their enterprise, planning is often ad-hoc and focused primarily on surviving day-to-day. It involves forecasting future revenue and expenses, developing a budget, and monitoring actual performance against planned targets.

article thumbnail

9 Types of Business Loans and Their Pros and Cons

Zenefits

Is yours an established business or a startup with?cash business loan?to working capital so you can meet your daily business obligations. business loan?options business owners. business lines? small business loan , you may be confused about how many and what kinds of loans are available.

article thumbnail

Payroll Form Savvy for Compliance and More

Zenefits

In any given year, the Internal Revenue Service alone may assess billions in civil penalties for individuals’ and organizations’ failure to comply with federal tax filing, reporting, and payment obligations.¹ Help for proper payroll reporting Proper management and filing of payroll forms is a crucial business function.

article thumbnail

Claiming an Employee Retention Credit in 2022

Zenefits

You can still claim an employee retention credit (ERC) if you own a small business and had to partially or fully close because of COVID-19. Your business can claim a maximum credit of 50% of the wages paid to staff in 2020 and 70% in 2021. Collect 2019 and 2020 sales and revenue.

article thumbnail

Customizable profit and loss template for SMBs

Monday Task Management

You can then customize those rows and drop in your own data to quickly create a suitable P&L statement for your business. If you’re wearing a dozen different hats for your small business or don’t have a full-time accountant to devote to this task, it can be tricky getting started — and time-consuming once you get going.

Revenue 52