Author: Adam Aberback
Social Media Best Practices
Social media offers businesses massive opportunities. It’s a low-cost way to promote your business, engage consumers, and maximize your company’s online presence. However, that doesn’t mean that branded social media accounts are either easy to manage or a quick solution for creating new business. For social media to be truly successful with a consumer base,…
Last-Minute Tax Tips
Today’s the day! After putting them off for months, your taxes are finally due. For many small business owners, the i’s are already dotted and the t’s already crossed, but if you haven’t yet submitted your filings for the 2013 tax year, here are a few tips to help you navigate the last few hours.…
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As you may have read over the last week, OpenSSL announced a major weakness to its cryptographic software library: the Heartbleed Bug. At OnDeck, security is a top priority. We took action before the published exposure by turning off the OpenSSL heartbeat function – which is the Heartbleed vulnerability – and applied the safe version…
You know you’re a small business owner when…
Being a small business owner is endlessly rewarding, but it’s also more than a full time job. Having your own business is a way of life. As part of this week’s Friday Fun, here are seven signs you’re a small business owner: You’ve forgotten what the word “vacation” means. Every year, your friends with “9…
What is Receivables Financing?
Small business owners have many options when it comes to financing. We have previously discussed peer-to-peer lending, business lines of credit, and merchant cash advances, to name a few. So what is receivables financing? What is receivables financing, and how much does it cost? Receivables are defined as amounts owed to a business – essentially…
Top 5 Business Software Programs
Nowadays, most offices have gone digital, which means that — no matter the prowess of your employees — you’re going to need some digital tools to keep your business running in top shape. With so many different software programs on the market, it’s hard to know where to start. That’s why we’ve curated this list…
Paying Yourself? What Every Business Owner Needs to Know at Tax Time
Paying yourself as a small business owner can be tricky, but this important task deserves careful consideration. As an integral part of applying for small business loans and filing your taxes, you need to make sure that you’re getting compensated fairly and within industry standards. Here are a few ways to determine your salary: Start-Up…
The Paperwork Bible: Important Documents and Files for SMB’s
Tax deadlines are fast approaching, and all small business owners know what that means: paperwork. Make the rush toward April 15th easier on yourself by keeping your documents organized throughout the entire year and thus ready to produce on short order. Here are some suggested file dividers: Accounting Documents File your balance sheets, payroll information,…
3 Business Jokes for Your Friday
Almost done with the work week? Here are a few jokes to get you through those last remaining hours. JOB APPLICANTS: Murphy and Jill applied for the same engineering position at a New York firm. Both applicants, having the same qualifications, were asked by the manager to take a test. Upon completion of the test…
What Is Peer-to-Peer Lending?
There are numerous ways that small business owners can get financing for their business, and peer-to-peer lending is one option. What is peer-to-peer lending? Peer-to-peer lending is one way to obtain small business financing. It refers to businesses that turn to other consumers and organizations – as opposed to verified lenders – in order to…
Totally Crazy Tax Rebates
You may think the tax deductions below are April Fools’ Day jokes, but they all somehow made their way to the Internal Revenue Service – and all of them were approved! 1. Pet Food According to Fox Business, the IRS allowed one family to deduct the cost of cat food from their tax payments. The…
What is a business equipment lease?
Every week, we seek to arm small businesses owners with the right tools to make informative financing decisions. In previous posts, we’ve covered merchant cash advances, business lines of credit and SBA loans. Today, we are going to explore business equipment leases – a form of financing 80% of businesses use to lease equipment, according…
Don’t Procrastinate! File Your Tax Extension Today
Even if you have the best intentions in mind, as a small business owner it’s easy to fall behind when it comes to filing your taxes. Working around-the-clock – answering calls, entering meetings, tending to customers and employees – leaves little time for assembling your tax documents or even finding a CPA. If you need…
Small Business Lessons: Laurie Pehar Borsh PR
The Problem: A seasoned public relations executive, Laurie Pehar Borsh has owned her own agency for over 20 years. After landing a huge client in March of 2013, she needed financing to take on a new employee and purchase office equipment. Even though she had a profitable business, the bank wouldn’t lend to her because…
What is a Small Business Administration loan?
Our Hump-day Help section is designed to provide business owners useful information about the different types of financing available. We’ve answered your questions about business lines of credit and merchant cash advances. Today, we are going to explore SBA loans. You can also visit OnDeck’s SBA comparison page here. What is a Small Business Administration…