Blog
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...
IRS to Increase Audits with New Funding. Who Will the Agency Target?
The Internal Revenue Service (IRS) plans to carry out a notable increase in audits in the coming years. This initiative is a broader effort to enhance tax compliance and narrow the tax gap – the difference between taxes owed and taxes paid on time. Below we go over...
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...
Family Wealth-Building: Tips for Financial Stability and Growth
In today’s complex and unpredictable financial environment, families face numerous financial responsibilities that require careful management. From saving for their children’s education to ensuring a comfortable retirement, maintaining a family’s financial health...
The Pros and Cons of Invoice Financing for Small Businesses
Small businesses often face cash flow challenges that can hinder growth and stability, but invoice financing can offer a solution that helps address cash flow gaps, meet operational expenses, and fuel growth without waiting for payment from clients. However, it comes...
The Ins and Outs of 401(k) Loans
Utilizing a 401(k) loan is a common method for navigating financial challenges. A 401(k) loan offers distinct advantages, such as lenient credit requirements and interest payments redirected back to your own account. Despite these benefits, there are notable drawbacks...
Small Businesses Can Keep Finances on Track by Avoiding These Common Financial Missteps
Effective financial management is crucial for the success of small businesses, but there are numerous pitfalls that can impede growth. Read on as we delve into integral strategies to help small businesses avoid common financial mistakes and maintain financial...
Subscribe to Our Newsletter
