Looking for a break from your nine-to-five job? Part-time business ideas are a great way to explore one’s hobbies and skills and turn them into income-generating activities. These businesses are often easy to set up and cost very little to start but don’t be surprised if they turn into a lucrative venture in the long... The post 23 Simple Part-time Business Ideas to Try in 2024 appeared first on Fit Small Business ..read more

A family-owned business means a business started by two or more family members—it can be the web design business you start with your cousin or the jewelry-making business you run with your husband. Many families see it as a way to create generational wealth and security, but it can also bring you closer together as... The post 19 Best Family Business Ideas in 2024 appeared first on Fit Small Business ..read more

A chatbot, short for chatterbot, refers to computer programs that automate text- and voice-based communication. Chatbots are conversational applications that support market engagement, customer service, and technical support. Read on to learn more about what a chatbot is, how it works, its common uses, and the key benefits of using this technology to grow your... The post What Is a Chatbot: A Small Business Guide appeared first on Fit Small Business ..read more

Shrinkflation is the process of companies shrinking the size or quantity of products while maintaining the same product prices. This results in financial savings for the company producing the goods, but it can also make consumers feel frustrated or cheated. Shrinkflation is caused by rising production costs that lead retailers to find ways to save... The post What Is Shrinkflation? Definition, Reasons & Examples appeared first on Fit Small Business ..read more

Purchasing a rundown house, fixing it up, then reselling it has become a very popular side gig for many Americans. For most house flippers, the profit from selling the house will be taxed as ordinary income and is subject to self-employment taxes. However, there are a few ways you can lower your house flipping taxes... The post House Flipping Taxes: Capital Gains or Ordinary Income? appeared first on Fit Small Business ..read more

Established in February 2024 as a replacement for the now-discontinued QuickBooks Self-Employed, QuickBooks Solopreneur, which costs $20 monthly, is a user-friendly accounting software designed specifically for one-person businesses. Whether you need assistance with categorizing expenses, generating invoices, estimating taxes, or gaining financial clarity, QuickBooks Solopreneur can be the key to streamlining your finances and achieving... The post 2024 QuickBooks Solopreneur Review: Pricing & Features appeared first on Fit Small Business ..read more

The Commercial Clean Vehicle credit, also known as the IRC §45W credit, is a reduction in tax of up to $40,000 for qualified vehicles placed in service before Jan. 1, 2033. A clean vehicle is more energy efficient than vehicles without the “clean vehicle” classification. The specific criteria for clean vehicles are established by the... The post What Is the Commercial Clean Vehicle Credit & Who Qualifies? appeared first on Fit Small Business ..read more

Call center fraud is the deliberate act of faking an identity in a phone call to access confidential information or take control of user accounts. It manifests in various forms, including phishing, account takeover, and card not present (CNP). To prevent bad actors from infiltrating your system, understand the common types of deceitful practices, invest... The post What Is Call Center Fraud and How to Prevent It appeared first on Fit Small Business ..read more

An invoice number is a unique and sequential number assigned to each invoice document. Invoice numbers can be purely numeric, such as 10021, or alphanumeric, such as INV-10021. It allows businesses and customers to refer to a particular invoice easily when multiple invoices exist, making it much easier to match invoices with payments. For small... The post What Is an Invoice Number & How to Design a Numbering System? appeared first on Fit Small Business ..read more

Commercial property insurance is an important business policy that either replaces or repairs damaged commercial property. Different types of commercial property insurance cover different types of property, such as tools and equipment or the printers in an office. Business owners who own a building, furniture, or equipment should strongly consider purchasing it. Commercial property insurance... The post What Is Commercial Property Insurance? appeared first on Fit Small Business ..read more