UEI Replacing the DUNS in SAMS: What This Means
For years the US Government has used the D-U-N-S number to identify businesses in their System for Awards Management (SAMS). Now, they are switching to their own number, the UEI. Here is what you need to know.
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Business Credit Myths & Common Misconceptions
Don’t Fall for Business Credit Myths Business credit myths abound. In some ways, a business has many of the same attributes as an individual person. Businesses earn income, file tax returns, and debtors are paid. This credit is used for the business, and many businesses have credit histories. Still some business owners overlook the importance […]
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IRS Website for EIN Number: Verification Letter, W-2 & More
The Internal Revenue Service wants to be able to collect business taxes from your business. This nine digit number makes it possible for the IRS to match an official return to a business. To be able to prepare tax returns, you’ll need an official EIN. And tax returns can be a requirement for getting financing. Fortunately, you can apply for this vital number online.
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How to Get Business Credit: Tips from the Top 10 Industries
All the Cool Kids are Getting Business Credit, Here’s How You Can Get It Too Getting business credit isn’t necessarily hard, but it does take some effort and planning. There is a process, and you have to work for it. Who gets business credit? How can you get business credit? Do you even need company […]
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Entrepreneurship and Current Small Business Economic Trends
A part of the current downturn economy has been the so-called Great Resignation. Entrepreneurs can’t really get traction for growth because they just plain can’t find workers. Fifty percent said they have openings they cannot fill right now. Rather than work harder to attract employees (say, with better benefits or higher salaries), these entrepreneurs seem to have just decided to accept that job applicants are slow to respond—if ever.
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Payroll Loans for Small Business: How to Qualify
Payroll lending is a band-aid solution at best for a business that is hemorrhaging money.
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Credit Risk Management: Better Decisions on Extending Credit
Providing online credit application forms makes it easier to gather and store critical information about customers during their onboarding process. To ensure you get all vital information, make the essential sections mandatory.
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Commercial Real Estate Costs: Lower Yours Today
When it comes to operational costs, one crucial thing to know is the operating expense ratio (OER). This is a simple formula that will reveal if your property runs efficiently and if you need to cut on operational expenses.
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