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End-of-the-Year Tax Planning Tips for Your Small Business

We are nearly two years into the sweeping Tax Cuts and Jobs Act of 2017, the largest major tax reform in over 30 years, and one thing remains clear: strategic tax planning is key to lowering a business’s total tax liability. Below are some tips to think about implementing...... Read More

Starting a Business? Here’s What You Need to Know About Self-Employment Taxes

Self-employment definitely has its perks, but being the master of your own ship also means answering to the IRS. Before jumping into your entrepreneurial adventure, make sure to learn the practicalities of self-employment taxes. Below are some crucial points that tax experts suggest any novice entrepreneur consider prior to...... Read More

Brokerage Accounts are Trending. Here Are the Pros and Cons

The amount of investors using brokerage accounts has increased in recent years as savers look to maximize emergency funds. Read on to learn what a brokerage account is, the pros and cons of using one, and if it could be right for you. What is a Brokerage Account? A...... Read More

Small Business Expansion: Options for Commercial Real Estate Loans

So you’re ready to take that big step and embark on a brick-and-mortar venture, or maybe you’re ready to expand your thriving brick-and-mortar business. If you’re looking to move into a commercial space or heavily renovate the space you’re in now, you’ll likely need a commercial real estate loan,...... Read More

How Your Small Business Could Be Saving More Money

Nearly every small business is subject to nonessential expenses that effectively make them less efficient and profitable. Some expenses may seem small, but they add up over time. Below are some tips in frugality that can have a positive impact on your bottom line. Rainy Day Savings It’s wise...... Read More

Could the SECURE Act Affect Your Retirement?

Congress has noticed that American workers generally don’t have enough saved for retirement and has decided to address the issue with the Setting Every Community Up for Retirement Enhancement or SECURE Act, which aims to improve the nation’s retirement system. With bipartisan support the bill recently passed in the...... Read More

How to Ensure Your Company Maintains Good Bank Credit

Bank credit is the amount of funds a business can borrow from a bank. It’s a subset of business credit, which is the total amount of money a business can get from all different types of creditors, such as credit card companies, credit unions, leasing companies, and suppliers (called...... Read More

How to Put Your Tax Refund Toward Retirement

If you’re receiving a tax refund this year, cut the temptation for a spending spree and use that money in a way to help grow your nest egg for future years. It might not seem as glamorous as, say, splurging on an exotic getaway, but focusing on long-term strategies...... Read More

Small Businesses Should Avoid These Common Startup Mistakes

Nearly every entrepreneur will make mistakes when starting a business. Some mistakes are minor and can be chalked up to learning curves and trial-and-error, but some mistakes could have a long-term effect on your business. Here are some common startup mistakes to avoid when starting your small business. Skimping...... Read More

Figuring Out the New 199A Deduction

If section 199A is entirely new to you, don’t worry! The Internal Revenue Service (IRS) released a new document earlier this month that breaks down some of the new specifics around the rules created for section 199A. In short, this complex section refers to a part of the tax...... Read More
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