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Paying for business purchases on a charge or credit card can assist in small business management
 
According to americanexpress.com,Most small business owners rely in some type of business plastic to acquire business-related goods and services and pay for the costs of doing business. Review the benefits listed below to make sure you get the most from your charge or credit cards.

Expense tracking By paying for business expenses with plastic, you generate a record of monthly and annual expenses. This record, provided to you from the card company, can assist in tax preparation, expense projections, and cost cutting. For example, it can provide you with a categorized list of business expenses at tax time, or let you view spending trends by employee or product/service category. Reduced reliance on petty cash and business checks using or credit cards processing for business purchases cuts down on your need to raid the petty cash box or write business checks when you need to buy something for your business. Reduced reliance on both petty cash and business checks can simplify record keeping significantly. Minimizing use of petty cash and business checks by employees can also help reduce the chance for employee fraud by providing you with a printed record of each dollar an employee charges.

Rewards for dollars spent More choices than ever before are available for a per dollar payback on what you spend on a charge or credit cards. Common rewards include airline or hotel points, and credits or dollars toward specific merchandise. For example, the Membership Rewards program from American Express. This program lets you redeem points for travel, merchandise, and other rewards for your business. Other cards enable you to earn a cash rebate on purchases.

Money management The affiliates that come from having breathing room between the day you purchase an item and when the bill is due provides a welcome cushion to many businesses managing cash flow. In addition to the standard float, credit cards processing let you carry balances for a prolonged period, which can prove helpful when large purchases are at hand or when cash is tight. Some cards now let you pay off partial balances monthly and carry larger balances forward as needed.



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For more information on merchant services,please visit http://www.paynetsystems.com



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No vacation for many South Florida small business owners
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There was a time when the brick-and-mortar retailer was running scared and small businesses were shaking in their booths. Today's small-scale companies are meeting the challenge armed with a mouse and a plan for gaining a modern market.


ksl.com

Small business support key for U.S. economy
ksl.com
By Jasen Lee SALT LAKE CITY — For America to once again become the leading economic force worldwide, the country will have to invest heavily in the long- term success of small business. Current government policy undermines the innovative spirit that ...
US should support small biz, ex-Hewlett-Packard CEO saysDeseret News

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Small business panel talks crowdfunding, contracting and cupcakes
Washington Post (blog)
By JD Harrison Immigration policies, marketing strategies, emerging technologies, tasty cupcakes — they were all part of the conversation on Wednesday at the Powering Small Business.conference sponsored by Washington Post Live.

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Small business helped by Affordable Care Act
Salt Lake Tribune
By cathy mckitrick Utah's small businesses that offer health care coverage to their workers could be eligible to receive significant tax credits under the federal Affordable Care Act. But many business owners don't know that. Who qualifies?

and more »