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...
small business
Before Starting a Small Business, Be Prepared with These Proven Best Practices for Success
Owning a small business means more freedom and independence, but it can also mean more stress, risk, and uncertainty. If you’re starting a small business—whether you’re about to launch or you’re just in the incubator stages—read on for some proven approaches to best...
Small Businesses Should Avoid These Mistakes When Trying to Secure Financing
The benefit of funding your business is the opportunity to invest in support and resources, like new technology and new hires, as well as funding payroll, and seemingly limitless opportunities for growth. However, funding your business comes with the potential for...
Get a Complete Picture of Your Company’s Financial Health With These Three Reports
Your business’s financial statements tell you where your money is coming from, where it’s going, how much you have to work with, and how your company manages cash flow. They are helpful for making smart business decisions, and they offer clarity in terms of company...
How Small Businesses Can Promote Long-Term Growth with a Positive Cash-Flow
Cash flow is the money that is moving in and out of your business. Positive cash flow—when more money is coming in than going out—is a sign of financial health and efficient management. While a lack of cash is almost certainly a periodic reality for small businesses,...
SBA Changes for Independent Contractors and Sole Proprietors
The Small Business Administration (SBA) recently implemented changes to the Paycheck Protection Program (PPP) that affect self-employed individuals who applied for the loan. Sole proprietors and independent contractors have the ability to take advantage of full...
Extensions of the Employee Retention Tax Credit in 2021
The Consolidated Appropriations Act, 2021 (the Act), which was signed into law in late December of 2020, created more opportunities for using the Employee Retention Tax Credit (ERC). Originally a provision of the Coronavirus Aid, Relief and Economic Security Act...
