Posts by Fortiviti
The Cost of Missing Vendor Discounts
How much does it really cost you when you don’t take advantage of vendor discounts? Many suppliers will offer a 2% discount for prompt payment (payment within 10 days is typical). While it may seem like a small amount, especially if you’re paying a lot of small invoices, it really adds up. For example, let’s…
Read MoreDid You Know: Sales Tax Fact Sheets
The Kansas Department of Revenue provides “Sales Tax Fact Sheets” on its website. If you’ve ever wondered when you should be paying tax on your purchases or charging it on your sales, check it out.
Read MoreWhen Should You Start Paying Yourself?
So, you’ve started a business; maybe last week, last month, or even last year. You’re wondering, “When should I start paying myself?”. What to pay yourself and when to pay yourself will both depend on the financial stability of your business, reasonable salary amounts, and other business-specific factors. While there are many issues to consider…
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