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...
small businesses
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...
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...
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.
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...