For something that’s supposed to be one of only two certainties in life, tax surely generates a vast amount of uncertainty. This is especially true in the realm of sales and use taxes, where businesses must cope with a patchwork of thousands of jurisdictions across the United States and constantly fluctuating rules and rates. The average number of rate changes per year is around 800, according to a March report from tax software firm Vertex. Since 2000, 2,631 new indirect taxes have been levied. And the rate of change seems to be speeding up; the average number of changes in 2008 and 2009 was 30 percent higher than the average number from 2000 to 2007. Read the rest of this entry »

Vendor credit lines are normally given for “net 15″, 30 or 60 day terms. This type of credit line can be used as a revolving credit account for your business for products and services that your business needs. There are over 500,000 vendors in the United States currently extending business credit for their products and services. Of those there are only 6,000 that will report your payment history to the business credit reporting agencies. And of those there are only about 1,000 that will extend business credit without requiring your personal guarantee and without basing it on your personal credit scores. Read the rest of this entry »