The Source

This week in The Source

Six Essential Tips for Handling an IRS Audit

4 minute read

October 22, 2024

Audits are an essential part of the federal taxation process — and with good reason. In-person field audits and audits managed by mail are responsible for recovering billions in unpaid taxes. In fiscal year 2023...

Working Capital

Should You Consider a Business Line of Credit?

6 minute read

October 15, 2024

Credit cards are one of the most popular forms of business credit. But they can't always address your firm's needs. When times are tough, a business line of credit can help you to make payroll,...

Working Capital

What Financial Documents Are Required for a Business Loan?

6 minute read

October 8, 2024

Without determining the likely risk of providing financing to potential small business borrowers, lenders can't make informed decisions about which loan applications to approve. They also need the same vital information to decide on funding...

Small Business

What You Need Know about Customer-Loyalty Programs

5 minute read

October 1, 2024

While Marcy is shopping for flowerpots at her local big-box store, an email comes in on her phone: "Congrats! You now have 300 points to spend in your Happy Valley Nursery Loyal Customer account!" So...

Working Capital

What Is Unearned Revenue? An Asset or Liability?

4 minute read

September 24, 2024

When you provide goods or services, you get paid. That's revenue. But when you get paid before you actually provide the goods or services, you're collecting unearned revenue. And there's nothing wrong with that: Many...

Working Capital

Six Essential Expenses When Opening a Second Business Location

4 minute read

September 19, 2024

Congratulations! Your first cupcake shop has been a huge success. (Especially the red-velvet cheesecake recipe.) Now you're ready to branch out and share your success with a new set of hungry customers. But whether you're...

Small Business

Are You Watching These 5 Critical Business Metrics?

4 minute read

September 17, 2024

What are some of the most important metrics of success? Here's a surprise: The number of happy customer reviews you have is probably not one of them — though they certainly help. You need to...

Fora Financial News

Fora Financial Announces $126.9 Million Securitization

1 minute read

September 12, 2024

Fora Financial, a leading provider of financing to small and medium-sized businesses nationwide, announced today the closing of a $126.9 million asset-backed securitization (ABS). The transaction, which is collateralized by a pool of small-business financing...

Thought Leadership

VP of Partnerships Jason Solomon on Private Equity

8 minute read

September 9, 2024

Imagine having someone like Shark Tank's Mark Cuban or Barbara Corcoran say "I believe in your company! Here's a fat check for $500,000. Just give me a 10 percent stake in the place. Do we...