MoneySmall Business

Surety Bonds: What They Are, When You Need One

A surety bond is a written agreement among three parties that guarantees a task or service will be completed in accordance with the terms spelled out in the bond. For construction firms, purchasing a surety bond is often necessary to meet requirements on a government…
MoneySmall Business

How Much Does General Liability Insurance Cost?

The cost of general liability insurance depends on a variety of factors, including what industry you work in and how much coverage you need. You could pay around $50 per month for coverage. In fact, Insureon says its customers pay a median of $42 per month for general…
MoneySmall Business

What Is Workers’ Compensation Insurance?

Workers’ compensation insurance covers medical expenses for employees’ work-related injuries and illnesses while generally shielding companies from employee lawsuits stemming from these injuries. Most states require some form of workers’ comp for companies with…
MoneySmall Business

The 8 Best Squarespace Alternatives

Choosing a web host for your business — whether it’s Squarespace or a Squarespace alternative — should be a decision that’s specially tailored to your unique enterprise, rather than just going with the service offering the most features for the lowest price. This…
MoneySmall Business

How to Pay Yourself as an LLC

As an owner of a limited liability company, known as an LLC, you’ll generally pay yourself through an owner’s draw. This method of payment essentially transfers a portion of the business’s cash reserves to you for personal use. For multi-member LLCs, these draws are…
MoneySmall Business

How to Bring Back Laid Off or Furloughed Employees

When the coronavirus pandemic first hit the United States, a combination of stay-at-home orders, drops in consumer demand and widespread illness forced businesses across the country to shutter, restrict operations or otherwise alter their plans. These necessary measures had…
MoneySmall Business

Best Free Payroll Software for Small Businesses

While more robust payroll software products like Gusto and QuickBooks Payroll boast modern user interfaces and a plethora of features, free payroll software is much more minimalist. For small-business owners who don’t mind a bit of manual data entry and who manage just a…
MoneySmall Business

How to Direct Source Products to Sell Online

Sourcing profitable products is job number one for most online sellers, and there are many ways to fill up those virtual shelves. When you work directly with product manufacturers, you cut out the wholesale middlemen — and their markups — leaving you with more profit in…
MoneySmall Business

Best Accounting Software for Macs 2021

In earlier days, a big part of choosing the best accounting software for Macs involved finding out which programs were compatible with which systems. Now, things are much more universal — especially for online, cloud-based accounting software. But some accounting software…
MoneySmall Business

How to Pay Yourself as an S-Corp

Structuring your small business as an S corporation, or S-corp, can save money in federal taxes, but owners have to tread carefully when deciding how to pay themselves. Taking too low of a salary or skipping one altogether can lead to unpaid taxes and federal fines. An…