Effects of Inflation Reduction Act on Small Business
Read to learn about provisions that may impact your small business and what you may need to consider for 2023 planning.
Common Small Business Mistakes
Starting and running a small business has many benefits. When successful, small business ownership provides independence, creative freedom and a high degree of personal satisfaction. However, small business owners also must steer clear of a variety of pitfalls. Here are two common mistakes small business owners make and how to avoid them. Mistake #1: Not […]
How to Build a Sustainable Business
Creating a company that provides a needed service or product, excels in the short term, is profitable, and has potential for long-term success is challenging. Starting a business is also a risky venture. According to the Small Business Administration, about two-thirds of businesses with employees survive at least two years and about half survive at least […]
Small Business Month Tip – Optimize Business Finances
Finances can be one of the most complicated parts of running a business. Follow these tips to focus more on your business and less on onerous bookkeeping! Create a Budget Just like for personal finances, you need to understand how much money is coming into your business and where your money is going. Your business […]
Independent Contractors versus Employees: What Business Owners Need to Know
Your business is booming and it’s finally time to recruit additional help. As a small business owner, it can be a challenge to go about expanding your team. Should you seek to bring on an independent contractor or an employee? Here we highlight some of the differences between the two and why it matters. Independent […]
Demystifying the Business Plan
Creating a detailed business plan is one of the most important things you can do for your business — and it is essential to do it right. What is a business plan? A business plan is a document that outlines your business’s mission, structure, goals and plans. According to the Small Business Administration, there are two […]
What is and isn’t a deductible business expense
For many business owners, tax season is a stressful time. There’s a delicate balance between making sure you receive all possible deductions to optimize your tax bill and going too far and misunderstanding what qualifies as deductible business expenses. Read on to learn how eligible business expenses can save you money when filing your tax […]
How to Prepare for a Loan Application
Ready to start or expand your business? A loan can give you the financial capital you need to help establish and grow your business, but getting one can be a complex process. Read on to learn what you need to do to make the process as painless and successful as possible. Make sure a loan […]
Benefits of Tax Preparation Services for Businesses
Taxes don’t have to be complicated. Whether you are self-employed, own a small business, or have many employees, utilizing a tax preparation service can help you avoid mistakes, save time and maximize your refund. Types of Tax Preparation Online Tax Filing Software The IRS partners with services to provide free or low-cost tax filing software […]
Considering Hiring An Accountant? Here Are 3 Reasons Why You Should
As one year comes to an end and the promise of a fresh, new start is just around the corner, now is the perfect time to plan big for your business in the new year. Your list of business goals for 2022 may include growing sales, hiring new employees, expanding your services, or taking on […]