Blog Posts | Page 16

Restaurant POS systems help business owners in Australia take orders, accept payments, create menus, manage inventory, and generate sales reports. The best restaurant POS systems in Australia have online ordering capabilities, a loyalty program builder, advanced inventory management, and offline payment acceptance.

Sole proprietors can protect their businesses by taking out business insurance. Start with general liability and commercial property policies, and then talk with your insurance rep about any recommended additional coverage.

Employee Retention Credit fees are fees that are paid to a CPA, tax expert, ERC specialist, or other expert that claims the ERC on a business’s behalf.

Most businesses should open a business bank account. Although it’s possible to run a business using your personal bank account, opening a business account makes it easier to track and control your finances. You’ll also find tax time easier and your audit risk lower when you separate your business and personal finances by using business bank services.

We considered more than 10 different small business health insurance providers to create this list. We rated these providers based on how easy it is to get a quote, the type of plans offered, features specifically designed to benefit small businesses, member satisfaction, and overall coverage.

Commercial auto insurance covers vehicles used for business and the people who drive those vehicles for work. Some insurance companies limit the number of people who can be listed as drivers, however. Check with your insurance agent to make sure you have coverage for as many drivers as you need.

When choosing the best merchant account provider, look for companies that offer the features and support you need at a cost you can afford. You’ll also want to research the provider in question to make sure you’ve found a reputable, trustworthy company. Merchant Maverick’s merchant account reviews are great for this purpose.

A business plan is a written document that provides a complete overview of your business, including information about your business’s services, strategies, finances, and goals. All businesses should have a business plan, but a business plan is especially important when applying for a business loan.

When searching for a great commercial construction loan, you’ll want to keep in mind the size of the project, how quickly you need funding, and the resources you have available to use as collateral or downpayment. For many small businesses, an SBA 504 loan will be the best option for major construction projects. Others may be better served by bank loans or alternative loans.

The difference between gross pay and net pay is simple: gross pay includes all employee earnings prior to any payroll deductions, while net pay is the earnings left over after payroll taxes and deductions are subtracted from an employee’s gross pay.