Xero: A Cloud-Based Accounting Alternative

Accounting software programs can minimize the amount of time spent on administrative functions so you can focus on other aspects of your business. These systems are designed to ensure that your business financials are accurate, reliable, and easy to understand. At...

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Big Challenges for Small Businesses

Regardless of size, most businesses face many of the same challenges every day. Maximizing profits, finding new customers, and hiring talented staff are common issues for both small businesses and large corporations. Then there are challenges that are unique to small...

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How to Structure Your Small Business

Choosing the legal structure for your company is one of the most important decisions you will make when starting your business. It will impact how much you pay in taxes, your personal liability, the amount of paperwork and accounting you’re required to do, and your...

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Understanding Underwriting

  At Summit Financial Resources, we see small business financing as both a science and an art. The underwriting process is the “science” behind our ability to provide the working capital to meet your specific business needs. Underwriting is our due diligence: the...

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Not Paying Back Taxes is Not Good Business

Most small business owners don’t need to be reminded of how important it is to keep their company in good standing with the Internal Revenue Service (IRS). Paying your business income taxes on time should be the top priority item in your annual budget. However,...

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The Basics of Small Business Financing

Small business owners who need capital to start, build, or grow their companies have access to a diverse range of financing sources. It’s important to do your research before choosing between crowdfunding or obtaining funding from family and friends, or deciding if an...

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