Small Business
Small Business is just our thing. We love working with small business all over the country. Helping them handle all the back-end tasks they don’t want to spend their valuable time on. Explore our growing catalog of helpful posts and resources for your small business!
1099 or W-2 What’s the Difference???
You started your business, got a couple clients under your belt and now you need some help. Congratulations! This is a huge step in your growing business, and it can be a daunting one at that! However, you have another major decision to make before you can even start looking for that much needed help. Should you hire as a W2 employee or as a 1099 Contractor? Let’s take a look at some of the key differences between the two, so you can make an informed decision.
Prop 207 and Your Employees
*Disclaimer: This post relates specifically to Arizona State Law, and may differ from State to State. Anchor Solutions is not a Legal resource. Any action should be reviewed by a proper legal representative.* Prop 207 has been big talk for the state of Arizona, and with good reason! The passing of this bill has created …
ABC Categorization
Have you ever heard of the 80/20 rule? This is an inventory principle that states; in most cases 80% of your sales (or units sold) is based off of only 20% of your overall inventory. That 20% of your inventory is your rent payers, the rest is all supporting products. ABC categorization helps you break …
FIFO vs. LIFO
FIFO – First In First Out This is arguably the most used technique in keeping inventory fresh. This system is exactly as it sounds, the first product that came in takes priority over the following replenishment. Think of stocking milk, you always put the stock you already have, ahead of the shipment you just received. …
FreshBooks Accounting Software
FreshBooks is our number one choice for freelancers and small service-based businesses. Let’s explore FreshBooks and see if it is a good fit for your business.
Consignment Agreements; The Unsung Hero of Small Business
Have you ever driven past your neighborhood shopping center and noticed a shiny new “Consignment store” just popped up seemingly out of nowhere? It kind of makes you stop and think about the word “Consignment” … some of you may be stuck wondering just what the heck it is!
Intro to Inventory Management: What about Product A?
A healthy inventory is the life blood of any product-based business. Seems simple right? Without product, you have no way to make money. However, the challenge comes in keeping up with current trends, seasonal items, and economic conditions.