Small Business Planning

If you're like many small business owners, tax season can feel like finding your way through a maze: time-consuming and rarely straightforward. But with the right strategies in place, small business tax planning can become a powerful tool to stay compliant, boost long-term savings, and improve your overall financial picture. Whether you manage a small team or run everything yourself, these 2025 small business tax tips will help you make smarter decisions throughout the year, not just in April. Stay Ahead of 2025 Tax Law Changes A major shift on the horizon is the sunset of the Tax Cuts and Read More

As a small business owner, you’re in charge of everything from driving sales to developing your product or service. With so many responsibilities to juggle, it can be easy to lose sight of one of the most important factors in your business’s success: your financial plan. A key component of your overall strategy, a financial plan can be the difference between fast, sustainable growth and business closure. It gives you a complete picture of the past and present state of your finances, so you can better prepare for the future through informed decision-making. Every small business can benefit from Read More

Running a small business comes with many unique challenges, and for many business owners, money management is at the top of the list. To help you keep your financial ducks in a row, we’ve compiled the top ten tips you need to know. #1 Create a Budget Budgeting may not be exciting, but it can go a long way in ensuring your business’s longevity and helping you reach your goals. Set a monthly budget, stick to it, and come back at the end of the month to make adjustments. When you know how much you can spend, the path Read More

Now more than ever, workers recognize the importance of retirement savings, and when weighing job opportunities, employer-sponsored plans are one of their top deciding factors. A smaller employer, however, may not be equipped with the resources to offer the benefits they’re looking for. This is where a SIMPLE retirement plan can help. Find out how the simplicity and tax benefits of this retirement solution can benefit you, your business, and your employees. What Is a SIMPLE Retirement Plan? A Savings Incentive Match Plan for Employees, also known as a SIMPLE IRA, is a type of employer-sponsored retirement plan that allows Read More

Starting a new business creates feelings of excitement, nervousness, and hope in the hearts and minds of business owners. We are going on a new endeavor, and we want nothing more than to succeed professionally and personally. You want to avoid potential problems and setbacks in your new business. You want to be successful entrepreneurs. Success all starts with establishing ideal financial management within your small business. Making the right financial decisions is very important when starting a new small business. Wouldn't you like to know the risks you face and prepare for any outcome as a business leader? Read More

In 2019, the SECURE (Setting Every Community Up for Retirement Enhancement) Act was passed as a way to expand and preserve retirement savings for individuals who otherwise have a lack of savings opportunities.Now the SECURE Act 2.0, which builds on the original act’s efforts to encourage and promote retirement savings, is pending passage by Congress. If you’re a high net worth individual, then we’re betting you’re already on your way to strong financial preparation for retirement and the underlying purposes of these acts may not feel entirely pertinent.  However, if the bill passes, it will have an impact on your retirement Read More

What the CARES Act Means for Small Business Owners The $2 trillion, 900-page Coronavirus Aid, Relief, and Economic Security (CARES) Act of 2020 is a historic package that seeks to provide support to individuals, families and businesses during this “social distancing” recession. If you’re a small business owner, you may qualify for a chunk of this change, which includes $500 billion for support to industries hurt by the crisis, and $400 billion in tax credits for wages and payroll tax relief. This small business support will come in several forms: • Paycheck Protection Program • Employee Retention Credit • Deferral Read More

What The Newly Passed CARES Act Means For You The Coronavirus has infected our life in many ways. Family and friends are sick, quarantined or under a stay-in-place order. The stock market is increasingly volatile. The kids are out of school. Restaurants and shopping malls are closed. More than three million unemployment claims were filed in one week. If you are laid off or you have closed your business, you know the headlines. After much deliberation, Congress responded. President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act, (CARES Act), a $2 trillion stimulus package to Read More