Run a business for any length of time and the importance of cash flow becomes abundantly clear. When payroll is due, bills are piling up, and funds are not available, blood pressure tends to rise. For this reason, being able to accurately forecast cash flow...
Everyone loves a story. It is why movies are still big business and many of us spend hours on the couch binge-watching our favorite television shows. What is important to keep in mind, and to remind your sales team of, is that effective storytelling also...
In today’s data-driven world, business owners are constantly urged to track everything. And for good reason — having accurate, timely information displayed in an easy-to-understand format can allow you to spot trends, avoid risk, and take advantage of opportunities. This includes your company’s website. Although social...
For many small businesses, the grand reopening is still on hold. The rapid spread of the Delta variant of COVID-19 has affected a variety of companies and resulted in diminished revenue and serious staffing shortages. In response, the Small Business Administration (SBA) has retooled its...
The U.S. economy has been nothing short of a roller-coaster ride for the past year and a half. Some industries have had to overcome seemingly insurmountable challenges, while others have seen remarkable growth opportunities arise. If your business is doing well enough for you to consider...
The week of September 13-17 has been declared National Small Business Week by the Small Business Administration. To commemorate the week, here are three tax breaks to consider. 1. Claim Bonus Depreciation or a Section 179 Deduction for Asset Additions Under current law, 100% first-year bonus...
Commercial loans, particularly small business loans, have been in the news over the past year or so. The federal government’s Paycheck Protection Program has been helpful to many companies, though fraught with administrative challenges. As your business pushes forward, you may find yourself in need of...
For many small to midsize businesses, spending money on marketing calls for a leap of faith that the benefits will outweigh the costs. Much of the planning process tends to focus on the initial expenses incurred rather than how to measure return on investment. Here are...
Business owners are regularly urged to create and update their succession plans. And rightfully so. In the event of an ownership change, a solid succession plan can help prevent conflicts and preserve the legacy you have spent years or decades building. However, if you want to...
In Notice 2021-46, the IRS recently issued additional guidance on the Consolidated Omnibus Budget Reconciliation Act (COBRA) premium assistance provisions of the American Rescue Plan Act (ARPA). Under the ARPA, a 100% COBRA premium subsidy and additional COBRA enrollment rights are available to certain assistance eligible...