Learn How to Improve Your Business Working Capital Management Cycle

This video will teach you how to improve your business’s working capital management cycle. We’ll discuss the different types of working capital and how to estimate it, as well as give tips on getting a working capital loan. If you want to improve your business liquidity and finance management, this video is for you! We’ll discuss […]

How Tax Works For A Limited Liability Company (LLC

Taxes are confusing. When you are a member of a Limited Liability Company it can even be more so; however, it doesn’t have to be. In today’s video, we discuss how taxes work for an LLC. As a small business owner, you are going to want to tune in to find out how taxes work. […]

Does Your Home-based Business Qualify for the Home Office Deduction?

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According to the Small Business Administration, about 50% of all businesses are home-based. If you are one of the many owners of a home-based small business, consider whether your home office meets the IRS requirements for the home office deduction, which is a sometimes overlooked way to reduce taxes. How Do I Qualify for the […]

5 Steps to Take When Winding Down (Closing) Your Business

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There are many reasons business owners close shop (winding down), including retirement, starting a new venture or, hopefully, because they’ve won the lottery.  No matter what the reason, it’s important to diligently wind down a business before moving on. Here are five steps to take: 1. Reach Consensus If you’re a sole proprietor, then the […]

Important Upcoming Compliance Deadlines for Your Business

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Busy small business owners have many tasks on their plates: A significant one is staying on top of important tax and filing deadlines. These important dates may vary depending upon the business’ structure. Here are some of the most critical deadlines business owners may need to meet over the next few months. Federal tax deadlines […]

What Small Business Owners Should Know About Business Credit

What Small Business Owners Should Know About Business Credit

For a small business to grow, it is often necessary to borrow money. The Small Business Administration reports that the inability to obtain funding is one of the main obstacles that prevents small businesses from expanding their operations. To increase your business’s chances of obtaining much-needed funding, it is important to understand and establish business […]

Can Your Small Business Write Off Bad Debts?

Can Your Small Business Write Off Bad Debts

Despite your best efforts to work only with customers or clients you believe will pay for the goods or services your business provides and to diligently collect delinquent amounts owed, you will almost inevitably have to deal with bad debts occasionally. Sometimes, the IRS allows you to take a bad debt deduction. What Is Considered […]

What Is The Difference Between an LLC and an LLP?

If you are starting a new business, the business entity you set up will affect the extent of personal liability, how the business is taxed, its management, the level of formality required, and many other factors. There are a lot of options, which can make this decision overwhelming. Limited liability companies (LLCs) and limited liability […]