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Getting to Know Elise Fajen of inDinero and Wind-Blox

Posted by Melissa Hollis to Inside inDinero

Elise Fajen is inDinero’s Sales Operation Manager, as well as the Co-Founder and Director of Human Resources at her family-owned sportswear company, Wind-Blox. When she’s not looking for new ways for inDinero’s marketing and sales teams to reach small business owners, she’s busy making our Portland office a wonderful and welcoming place to work:

 

Is There a Right or Wrong Time of Year to Outsource Your Business's Accounting?

Posted by Tyson Yoon to Accounting, Business Advice

Maybe you hate spending your Saturdays in spreadsheets, or maybe you hit a few major milestones and are outgrowing your current system. Regardless of what’s driving you to outsource your accounting, there are a few factors you must take into account during this transition.

In addition to a few other key considerations—such as the impact on other vendors or operational processes—the time of year can drive when to bring on a new system. Here are a few times that are ideal to start outsourcing your accounting.

 

19 of the Best Tax Filing Resources for Startups & Small Businesses

Posted by Melissa Hollis to inDinero Academy, Taxes

Like most of today’s business owners, you probably don’t spend a lot of time sifting through the IRS’s website for tax-saving tips. But chances are, unless you're already a CPA, you still have a lot to learn about saving your business money on taxes.

Making Partial Payments with inDinero Bill Pay

Posted by Jenna Meyer to inDinero Academy, Accounting, inDinero Product Updates

 

I don’t know about you, but I’ve always found that watching the money coming into my bank account is much more fun than paying it out. While we haven’t found the secret sauce to not spending money—expenses are a fact of life—we have built a software and service that lets you pay bills effortlessly, and the new Partial Bill Payment feature adds a much-needed level of flexibility to that process.


You can now use inDinero’s Bill Pay tool to pay some, but not all, of a bill. So the next time you need to split an unexpectedly large invoice into monthly installments, you can. And when you have to pay a freelancer half up front and half when the job is done, it’s quick and easy.

What Do Different Industries Spend on Marketing?

Posted by Tim Brown to Accounting, Business Advice, Budgeting, Startup Tips

There’s lots of advice out there about what companies should spend on marketing. Most commentators claim businesses should spend around 6-12% of their revenue on marketing, but it’s important to remember that’s when they’re speaking to a wider audience. If you’re trying to decide how much you should spend to generate revenue for your business, there is a lot more information you should consider.


One of the biggest factors you need to account for when setting your company’s marketing budget is your industry. Take a consumer goods company for instance. In today’s competitive digital landscape, they could spend 12% of their revenue on online advertising alone. That’s going to look much different than a transportation company who is likely to spend much less than 6% because so much of their business depends on existing relationships and campaigns.


So let’s start by taking a look at how much money marketing teams have to play with based on their industry.

What Delaware-Registered Startups Need to Know About Doing Business in California

Posted by Melissa Hollis to Taxes, Business Advice

As of 2016, more than a million U.S. companies have incorporated in Delaware, including many startups and small businesses that hail from California’s Silicon Valley.

 

Why do so many startups incorporate in Delaware?

In a previous article, we discussed how incorporating in Delaware benefits businesses: Essentially, non-resident businesses don’t pay income, property, or sales taxes in Delaware.


However, if you’re planning on doing any business in California, there are still some hoops you need to jump through to avoid fees and penalties.


Here’s what you need to know if your Delaware C Corporation is based in California—aka the biggest state economy in the United States and the eighth biggest economy in the whole world!

Get Charitable this #GivingTuesday—and Get Tax Deductions!

Posted by Melissa Hollis to Taxes

No doubt about it, the holiday season is officially underway, with #BlackFriday, #SmallBusinessSaturday, and #CyberMonday raking in billions of dollars for businesses. Now that you’re all stocked up on discount TVs, it might be time to think about giving back.

Not to fear, we have a hashtag for that too: Yep, it’s #GivingTuesday.

Incorporated in Delaware? Here’s How That Impacts Your Business Taxes

Posted by Melissa Hollis to Taxes, Business Advice

Delaware isn’t a state that typically surprises you, but there’s one particular fact about the First State that might:

More businesses are incorporated in Delaware than there are people living there!

It’s not just small businesses either. In fact, over 60% of Fortune 500 companies are incorporated there. This may seem bizarre, but it’s definitely no accident: Delaware has been consciously choosing to be the ideal home for businesses as far back as 1899.

 

Whether your business already a Delaware C Corporation or hasn’t incorporated there yet, this article will explain how this impacts your taxes.

What Businesses Should Know About Schedule K-1s Before They File Taxes

Posted by Melissa Hollis to Taxes, Business

I recently overheard a casual conversation between two of my friends from inDinero’s tax team in the breakroom. Their conversation was animated, and I kept hearing the term “K-1”—naturally, I assumed they were talking about a new Star Wars character. But boy was I wrong...

 

I learned that the Schedule K-1 is not a new imperial droid, but can be just as villainous in the eyes of many small business owners.

How to Support Women-Led Small Businesses

Posted by Meredith Wood

 

The marketplace is currently seeing an all-time high of women-led businesses. Among these, a staggering 99.9% are classified as small business ventures, meaning they employ 500 people or less.


Small business have long been proven to be economically beneficial to communities. About 63% of new jobs created from 1993-2013 were in the small business sector, which makes up nearly three-quarters of all U.S. businesses! And we’ve seen how a little encouragement can go a long way with emerging women’s organizations.

Success starts when you take charge of your finances.

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