Driven by the goal of improving access to loans for small businesses, the Small Business Administration (SBA) has recently implemented considerable changes to its 7(a) and 504 loan programs. These revisions aim to simplify the loan application process, expand the pool...
Small Business
Scale Your Small Business with These Essential Keys to Growth
Scaling a small business can be a daunting task, but it is necessary to ensure long-term success. Below we discuss five essential keys to growth that small businesses can use to scale their operations successfully. Create an Organizational Framework Small businesses...
Commonly Overlooked Expenses of Starting a Small Business
Starting a small business is a rewarding experience, but it’s important to be aware of some of the lesser thought-about costs that typically accompany such an endeavor. While there will always be industry-specific costs to be knowledgeable of, below are some of the...
The Top Challenges Facing Small Businesses in 2023
Small businesses provide job creation and contribute to the growth of local communities. They are the backbone of any economy, but running a small business is no easy task. Below we’ll discuss the variety of challenges that small businesses are facing in 2023....
Small Businesses Should Avoid These Common Tax Mistakes
For small business owners, grasping an understanding of the myriad of tax rules that apply to your business is stressful, and mistakes can result in fines and penalties.
Small Business Owners Can Use These Tax-Saving Strategies to Reduce Their Tax Bill
Tax planning strategy isn’t one-size-fits-all, but there are some approaches that are generally accepted as smart and effective for small businesses. If you’re looking to minimize what you could owe on income taxes, the following strategies could help. Time Income and...
How a Recession Can Impact Small Businesses
Small business owners have weathered the Covid-19 pandemic, they’re currently navigating record inflation, and now they’re thinking about the potential of a recession. By understanding the possible effects an economic downturn may have on your company, you’ll be...