As a small business owner, tax deductions can significantly lower your taxable income and increase your bottom line. In 2025, key tax-saving opportunities include Section 179 deductions, bonus depreciation, and the Research and Development (R&D) tax credit....
For Businesses
How Trump’s Second Term Might Impact Small Businesses
The nation is now gearing up for another Trump term, and his policies will likely have a significant impact on small businesses. Critical areas like tax cuts and deregulation, which were central to his first term, are expected to take the spotlight once again. Here’s...
This New SBA Rule Could Help Small Businesses Refinance Debt
On October 1, the Small Business Administration (SBA) introduced a major update to its 504 Loan Program, intended to simplify the process for small businesses to refinance existing debt. The 504 Loan Program provides long-term, fixed-rate financing for essential...
How to Grow Your Business to Make it Appealing to Potential Buyers
As a small business owner, the thought of selling your business may be on the horizon, whether in the near future or several years down the line. To attract potential buyers and secure a favorable deal, you need to position your business for maximum appeal. Here are...
How to Create an Exit Strategy as a Small Business Owner
Planning an exit strategy is a necessary component of long-term business success. Whether you plan to sell your company, merge with another business, or simply close up shop, having a clear exit strategy can enhance your company’s value, secure your company’s future,...
The SBA is Launching a Working Capital Pilot Program. Here’s What Small Businesses Should Know
The Small Business Administration (SBA) plans to launch a working capital pilot program to support small businesses nationwide. This initiative will debut later this year and offer government-backed credit lines up to $5 million. Designed to be more appealing to...
What the Department of Labor’s New Overtime Rules Mean for Employees and Employers
The Department of Labor (DOL) recently announced a significant update to the overtime rule, impacting both employees and employers across various industries. This rule, under the Fair Labor Standards Act (FLSA), entails an increase in the minimum salary threshold and...
