When starting a new business, tax issues – along with everything else – can feel overwhelming and unsurmountable. But in spite of COVID-19 restrictions, many entrepreneurs are still considering new or additional business opportunities. If you are planning a new business start-up and are incurring expenses, here are some specific tax issues to be aware …
Growing your Business
4 Important Questions Entrepreneurs Should Consider During the 2020 Tax Season
As if filing taxes wasn’t challenging enough, this 2020 tax season is going to be even more complicated than usual. Though the CARES Act and the Paycheck Protection Program were put into place to help small businesses, the old adage about “no such thing as a free lunch” is proving true once again. Now that …
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12 Financial Metrics Small Business Owners Should Track for Success
If you’re looking for the most helpful financial metrics small business owners should track – look no further. Operating a small business is an exhilarating and, sometimes overwhelming endeavor. There are so many details to keep track of that it’s easy to forget about the basics of your small business’s finances. Especially if you don’t …
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Actually, A Recession Is A Great Time to Launch A New Startup
Wondering if a recession is a great time to launch a new startup? It’s safe to say that there are a lot of people worried about a global recession. Thanks to the economic slowdown that the pandemic has brought with it, people are watching their money. And your average entrepreneur and startup founder is chief …
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The Difference Between An Audit, A Review, And A Compilation
When it comes time for financial documents to be confirmed, the three options available are an audit, a review and a compilation. Each of these represents a very different degree of effort and investigation, and therefore each provides differing levels of confidence for investors and lenders. Let’s take a closer look at all three. The …
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Video Tips On Working With A Partner or Cofounder
If you’re working with a partner or cofounded, be aware. The number-one threat to your business isn’t an external factor at all. It’s the people you started that business with – specifically partners, or cofounders.` Watch the video to learn more.
Repairing Your Business’s Bad Credit Score
The creditworthiness of your business is measured by its credit score. This number is issued by Dun & Bradstreet, Experian, Equifax, and FICO SBSS, and is an essential reflection of your company’s payment reliability and timeliness. Why is Your Business Credit Score Important? Your company’s overall financial health is of key importance to any lenders, …
