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Understanding Pricing Models and When to Use Them

Pricing a product is a critical aspect of any business strategy. Your prices can significantly impact your success—but how do you know what to charge? The right pricing model for your company takes factors such as production costs, customer demand, competition and brand perception into account. To navigate this complex decision, small businesses should learn …

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Should Your Small Business Use Digital Tipping Options?

The rise of digital tipping screens in small businesses has changed the way customers show their appreciation. From restaurants to spas, businesses are adopting preset tipping options to enhance the tipping experience for both customers and employees. However, implementing digital tipping options requires careful consideration to strike the right balance and cater to the unique …

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Are Business Grants Taxable? How to Find Out and Plan Ahead

Receiving a business grant is a boon for any business owner. Because you don’t have to repay the funds, they’re generally a more desirable source of funding than taking out a loan or purchasing goods on credit. However, most business grants are taxable. That means that you’ll need to plan to include the grant as …

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What to Know About Credit Card Processing Feesng Fees

In today’s world, most customers and clients expect to pay with credit cards. When you accept credit cards, however, there are certain processing fees to account for. Depending on your processor, these fees typically range from 1.5 to 3.5 percent of each purchase. This can be a surprisingly big expense for small businesses. Here’s how …

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How Much Do Small Businesses Pay in Taxes?

Whether you’ve already formed a small business or you’re researching what it takes, understanding your small business’s potential tax liability can help you plan for the future. How much you’ll pay in taxes depends on your business structure. Corporations have a flat rate, while pass-through entities are taxed by the owner’s personal tax rate (usually …

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