Offering a 401(k) sends a message to your employees that you’re invested in their future. According to research from Guideline, about half of American families have no retirement savings. What’s more: Less than half of small businesses offer a retirement plan. Consequently, it’s unsurprising that the research also indicates that employees who are satisfied with… Read more
Payment processing, especially for small businesses, can be a costly and complicated experience. In today’s market, accepting credit cards and mobile payments is essentially a requirement to be able to compete. But a lot of small business owners don’t even know where to start. A simple Google search might reveal that your bank offers merchant… Read more
Whether you’re in the beginning stages of launching your small business or have been around for 20 years, seeking business financing can feel overwhelming. Having a good grasp of the essential terms to make an informed decision about financing your business can make this process much more comfortable for you. What’s the difference between a… Read more
The Tax Cuts and Jobs Act ushered in numerous tax changes for 2018. While many of the tax changes generally apply to larger business entities, a few apply to small businesses. The change getting the most attention is the 20 percent reduction of taxable income for pass-through businesses. This part of the new tax law… Read more
We’ve all heard the expression: Cash is king. But having cash alone isn’t enough. Your small business also needs to understand how to manage that cash and how to deal with typical ecommerce expenses. A lot of online businesses make the mistake of not remaining cash flow positive. They spend more than they make, or… Read more
You determine the success of your small business from the top talent you hire, the technology you implement and the direction of your company culture. One of the top ideas on most entrepreneur’s minds is lowering expenses for the New Year. Fortunately, you don’t have to figure this decision on your own. We researched the… Read more
If you haven’t already, it’s time to prep your business’ 2018 budget. While a variety of factors determine your business’ success or failure, your ability to create and stick to a budget is key to its survival. Your budget can help you: Anticipate cash inflows and outflows Prepare for tax obligations Identify financing needs Explore… Read more
It’s never too early to focus on upcoming taxes. Naturally, small businesses want to maximize their deductions to minimize taxes. However, they might not be aware of a certain tax code that benefits them: Section 179. According to a survey conducted by the National Federation of Independent Business (NFIB), only 65 percent of small business… Read more
Too many American business owners don’t have the capital they need to grow because they fear lenders will deny their credit applications. Even when facing financial difficulties, most businesses shy away from debt. A 2016 survey by the Federal Reserve bank, reported that 76 percent of businesses used their own funds to overcome financial challenges…. Read more
The phrase “retail loans” refers to loans obtained from retail lenders. However, in some cases, the phrase can also apply to loans taken out by retailers. To shed some light on the similarities and differences between these two definitions, here is an overview and a look at some related concepts: What are retail lenders? Retail… Read more
