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How Small Businesses Can Improve Their Cash Flow Management
Cash flow — the total amount of money that moves in and out of a business — is a major gauge of the financial health of your business. With a healthy cash flow, you are better positioned to handle expenses, invest in new opportunities, and experience growth. Below...
How Rising Interest Rates Could Affect Your Finances
In a move to continue fighting high inflation, the Federal Reserve recently announced that it raised the federal funds rate 50 basis points (or half-a-percentage point). This follows the Fed’s 25 basis point increase in March, and it’s the biggest interest rate hike...
Business Owners with a Growth Mindset Should Follow These Tips for Smart and Efficient Bookkeeping
Smart money management is a key component to a successful foundation for any business, no matter the scope of revenue that company brings in. With careful and consistent bookkeeping practices, these records provide a true representation of your profits and losses....
How to Protect Your Savings Against Inflation
Over the last year inflation climbed to the highest rate in decades. The combination of supply and labor shortages, hefty amounts of federal aid, ultra-low interest rates, and strong consumer spending sent inflation soaring. With little indication that it will slow...
Use This Checklist to Routinely Evaluate the Financial Health of Your Small Business
As a small-business owner, you know how easy it is to get tied up in the day-to-day details of running a business, but to ensure that your business thrives now and into the future, you need to periodically take stock of your company’s overall financial health. Below...
How to Adjust Your Retirement Plan to Offset the Impact of the Three Is: Inflation, Infrastructure, and Interest Rates
Inflation, which rose considerably last year, is likely to remain high through 2022, and some experts think that infrastructure legislation will only add to inflation. Throw in rising interest rates that were just enacted by the Federal Reserve, and you have a perfect...
Troubleshooting Taxes: How to File Extensions and Amended Returns
Tax issues can be stressful. No matter the circumstances—a family or health emergency, an unexpected work trip, an unorganized filing method—sometimes you just need more time to file your taxes. And sometimes, even if you managed to file your taxes on time, you...
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