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How to Simplify Tax Season for Your Auto Repair Shop This Year

AutoShopOwner

Separate Business and Personal Finances: This is crucial. Keep your business bank accounts and credit cards strictly for business transactions. Use accounting software or even well-organized spreadsheets to do this consistently. Implement a consistent system for tracking all your income and expenses throughout the year.

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Organizing The Financial Records for a Smooth Tax Filing

AutoShopOwner

Bank Statements Bank statements provide a record of all transactions that pass through your business bank accounts, including deposits, withdrawals, and electronic transfers. Remember to reconcile your bank statements regularly to ensure accuracy. Separating your business and personal finances is crucial.

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Why Accessing Financing is More Challenging for Indie Dealers

Solera

As independent dealers hustling in a competitive market, you’ve probably faced the daunting challenge of getting solid financing. But fear not; we’re breaking down the why and offering game-changing strategies to help you level up your financing game. Your finance revolution starts now. Stability is Sexy:Consistency is critical.

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Solifi Celebrates 50 Years of Secured Finance Software Solutions

AutoSuccess

Solifi , a global fintech software partner for secured finance, is celebrating its 50 th anniversary after enjoying substantial growth in 2023. Founded in Minnesota as Decision Systems in 1974, the business initially specialized in solutions for equipment finance.

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How to Prepare Your Auto Repair Business for Financial Uncertainty

Auto Service World

Find Alternative Financing If your capital is not enough to maintain constant cash flow through challenging times, ask for help. Besides that, assess the numerous financing options available and devise a winning strategy to secure funding. Find ways to communicate these changes with transparency to customers.

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Reducing Costs and Increasing Profits in the Auto Service Industry

AutoInc.

Stay updated on industry advancements and consider upgrading your tools and software to enhance efficiency. Payroll software can handle tasks such as calculating wages, withholding taxes, and distributing paychecks, freeing up valuable time for you and your staff.

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Start a Successful Trucking Business in Today’s Hot Consumer Market

Solera

Get financing: Due to current demand and the driver shortage,getting a business loan to pay your trucking business’ start-up costs is much easier than in the past, even if you have fair credit. Also, credit unions’ business loan requirements are usually not as strict as large banks. Open a business bank account.

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