http://www.gowholesale.com/news/articles/Finance_and_Accounting Wholesale News & Insights en-us Copyright 2007, goWholesale.com 2008-05-09T00:00+00:00 support@gowholesale.com support@gowholesale.com Wholesale News & Insights 1970-01-01T00:00+00:00 1 daily http://www.gowholesale.com/news/view/Staying_Afloat_During_the_Storm_of_an_Economic_Downturn/ With financial giants toppling, and the word recession becoming more prominent, what does that mean for your small business? If you are like many companies, you're already looking for ways to trim off a little fat. As a matter of fact, many small business owners are already in a panic, with doomsday visions in their heads. It's time to stop and take a deep breath. goWholesale 2008-05-07T00:00+00:00 Staying Afloat During the Storm of an Economic Downturn http://www.gowholesale.com/news/view/How_to_Get_Start_Up_Capital_for_Your_New_Green_Business/ Wondering how to get that startup cash for your new green business? Small business expert Steve Strauss outlines how you should go about doing so. Steve Strauss 2008-05-07T00:00+00:00 How to Get Start Up Capital for Your New Green Business http://www.gowholesale.com/news/view/The_REAL_Truth_about_Credit_Cards/ While the concept of having a credit card may be great, once you try to take advantage of a card with all the perks and extras, you may notice that it feels more like a ripoff than a good deal. Here's what to look out for. goWholesale 2008-05-02T00:00+00:00 The REAL Truth about Credit Cards http://www.gowholesale.com/news/view/The_Smart_Way_to_Spend_Your_Business_Tax_Rebate/ Unless you have been under a rock or living on another planet, you are aware that the president has signed an economic stimulus plan. This means that the government is going to give $130 million back to taxpayers. This is supposed to help boost the American economy. The obvious question is how you and your business are going to spend your share of the stimulus check. goWholesale 2008-04-29T00:00+00:00 The Smart Way to Spend Your Business Tax Rebate http://www.gowholesale.com/news/view/The_Rising_Chinese_Yuan__What_It_Means_for_Your_Small_Business/ The Yuan has been creeping up over the past year and is continuing to gain strength, while the Dollar is struggling in the world market. For retailers, the impact is crystal-clear. It shows up on their invoices. As the Yuan gets stronger, the items they purchase from China are costing more. In some cases, prices have doubled over what they were just a year ago. So what is a small business to do? goWholesale 2008-04-28T00:00+00:00 The Rising Chinese Yuan - What It Means for Your Small Business http://www.gowholesale.com/news/view/Why_You_Should_Avoid_Taking_Out_a_Merchant_Cash_Loan/ When a business gets into financial trouble, they can contact a merchant cash advance provider, or MCA. Getting these loans is easy and you do not need collateral to get them, as you do with banks. Seems like a great deal right? Well, here's why you should use it as an absolute last resort. goWholesale 2008-04-24T00:00+00:00 Why You Should Avoid Taking Out a Merchant Cash Loan http://www.gowholesale.com/news/view/Keeping_Your_Small_Business_Costs_Low/ It's often hard enough to run a successful business, whether you're a small-to-medium business owner or a large multi-national. Making it even more difficult are the costs involved if you're a small business looking to either launch a new product or service, or even your company website. Thankfully there are a host of options and resources available for you to take advantage of, and very often they're either free or extremely cost-effective. goWholesale 2008-04-21T00:00+00:00 Keeping Your Small Business Costs Low http://www.gowholesale.com/news/view/Business_Loans_and_PeertoPeer_Options/ One of the most difficult parts of any small business is to have the funding you need. Whether it's start up costs or the need for new equipment, the cost can often be more than you can afford. One way around this is to take out a business loan - yet what happens if you don't have the relevant credit, or your business hasn't been trading long enough to qualify? This is where peer-to-peer business loans come into the equation. goWholesale 2008-04-17T00:00+00:00 Business Loans and Peer-to-Peer Options http://www.gowholesale.com/news/view/Tax_Deductions_for_the_Self_Employed/ There are many benefits of being self employed. Independence, flexibility in work schedule, getting to do what you love, and enjoying some nice deductions from the IRS that lower the amount of tax you pay. Lowering your tax means increasing your income and your net cash flow so make sure you take advantage of every legal deduction you can take. goWholesale 2008-04-09T00:00+00:00 Tax Deductions for the Self Employed http://www.gowholesale.com/news/view/How_To_Sell_Your_Business_Loan/ Selling a business is difficult and banks won't just automatically allow the person who wants to buy your business to take over your loan even if they do have enough for the down payment. In fact, they may not even consider the success of your company due to the fact that it will be run by a new owner. Carrying the loan when you sell your business can work for many people, except in a couple of glaring exceptions. goWholesale 2008-04-09T00:00+00:00 How To Sell Your Business Loan http://www.gowholesale.com/news/view/How_to_Handle_Bounced_Checks__/ Did you know that in some states it isn't legal for your company to charge for a bounced check? While writing checks that bounce is illegal it is unlikely the police will be arresting your bad check writer unless they are a habitual offender. So how are you supposed to collect if you deposit a check in the bank that is returned to you and labeled Non sufficient funds? goWholesale 2008-04-08T00:00+00:00 How to Handle Bounced Checks http://www.gowholesale.com/news/view/Startup_Financing_During_the_Credit_Crunch/ Consumer loans and small business financing has become incredibly difficult to obtain. What started with the mortgage industry has crept into the small business arena where lenders have tightened up the criteria for lending. This is creating a need for business owners to look somewhere else for financing. Here are some ideas. goWholesale 2008-04-08T00:00+00:00 Startup Financing During the Credit Crunch http://www.gowholesale.com/news/view/Its_already_April_Quick_Tax_Tips_for_Small_Business_Procrastinators/ Are you a tax procrastinator when it comes to your business taxes? If you've yet to file your taxes with the IRS this year, then the answer is a resounding "YES". Yipes! With less than two weeks until April 15th, you have a lot of work to do. Here's what you can do to get your paperwork organized and your taxes filed on time and without penalties. goWholesale 2008-04-04T00:00+00:00 It's already April! Quick Tax Tips for Small Business Procrastinators http://www.gowholesale.com/news/view/Merchant_Accounts_ISOs_vs_Banks_/ As you prepare to set up your business merchant account, you may think the logical place to start your search for a merchant account is your bank. After all, they handle the rest of your money. Why not let them handle your business transactions? You may want to rethink that idea and here's why. goWholesale 2008-04-04T00:00+00:00 Merchant Accounts: ISOs vs. Banks http://www.gowholesale.com/news/view/How_the_Mortgage_Crisis_Affects_Small_Businesses_/ The mortgage crisis is having an effect far and wide across the economy and may even be affecting your company whether it is big or small. Many small businesses and even consumers that used home equities to fund their companies are finding it more difficult to obtain that type of funding. goWholesale 2008-04-02T00:00+00:00 How the Mortgage Crisis Affects Small Businesses http://www.gowholesale.com/news/view/How_the_New_Fed_Reserve_Interest_Rate_Cut_Will_Affect_Your_Business/ The Federal Reserve again cut the short-term interest rates to 2.25 percent, which is three-quarters of a point lower than it has been since the end of 2004. The thought was that the decision was made due to the $30 billion in financing it gave to JPMorgan Chase for the acquisition of Bear Stearns. The question that remains is that will this move help the economy in any way? goWholesale 2008-04-02T00:00+00:00 How the New Fed Reserve Interest Rate Cut Will Affect Your Business