Archived Posts: small business

Small Business Financing: Securing a Loan

Small Business Financing: Securing a Loan

by | Mar 21, 2022 |

At some point, most small business owners will visit a bank or other lending institution to borrow money. Understanding what your bank wants and how to approach them properly can mean the difference between getting a loan for expansion or scrambling to find cash from other sources. Unfortunately, many business owners fall victim to several common, but potentially destructive myths regarding financing, such as: Lenders are eager to provide money to small businesses Banks are willing sources of...

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Tax Relief for Those Affected by Natural Disasters

Tax Relief for Those Affected by Natural Disasters

by | Sep 9, 2021 |

Recovery efforts after natural disasters can be costly. With floods, tornadoes, hurricanes, earthquakes, and other natural disasters affecting so many people throughout the U.S. this year, many have been left wondering how they’re going to pay for the cleanup or when their businesses will be able to reopen. The good news is that there is relief for taxpayers – but only if you meet certain conditions.

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Small Business: Understanding Payroll Expenses

Small Business: Understanding Payroll Expenses

by | Jul 13, 2021 |

Federal law requires most employers to withhold federal taxes from their employees’ wages. Whether you’re a small business owner who is just starting or one who has been in business for a while – ready to hire an employee or two – here is what you should know about withholding, reporting, and paying employment taxes.

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Tax Considerations When Selling Your Small Business

Tax Considerations When Selling Your Small Business

by | Jun 1, 2021 |

Selling a small to medium-sized business is a complex venture, and many business owners are not aware of the tax consequences. If you're thinking about selling your business the first step is to consult a competent tax professional. You will need to make sure your financials in order, obtain an accurate business valuation to determine how much your business is worth (and what the listing price might be) and develop a tax planning strategy to minimize capital gains and other taxes to maximize...

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