Business Tips

A business plan may facilitate your opening up a business banking account, get business credit and help you acquire investor financing. Your business plan provides lenders and other interested parties with a succinct overview of your company's operations. It also provides the owner with benefits.

Posted August 12, 2024
Business Tips

As a small or medium-sized business owner, managing your work-life balance is crucial. One way to achieve this is by combining business trips with family vacations. This approach can be appealing, offering potential cost savings and a chance to spend time with loved ones.

Posted June 12, 2024
Business Tips

Deciphering IRS rules on business travel deductions is critical for reducing tax liability effectively and maintaining compliance. Thankfully, you can rely on your CPA to do this work. But you should have an idea of what allowable deductions for business travel are, so you can maximize them to their fullest advantage.

Posted May 6, 2024
Business Tips

As a business owner, it’s likely that you have one or more vehicles that you use for business purposes, either full-time or part-time. The IRS offers business deductions for business vehicle use, but it’s important to know the rules, so you can get the most out of the potential deductions.

Posted March 12, 2024
Business Tips

There’s a long-standing tradition of businesses giving Christmas bonuses to loyal employees. Each year, employees eagerly await these bonuses, trying to guess how much they will be, when they’ll be handed out and fantasizing about how they’ll spend it.

Posted November 3, 2023
Business Tips

As the seasons change, so do the fortunes of many businesses. Whether it's a cozy winter wonderland attracting skiers, a vibrant summer resort beckoning beachgoers, or a bustling holiday season for retailers, seasonal businesses face unique challenges and opportunities.

Posted October 19, 2023
Business Tips

Cash bonuses have traditionally been used to reward employee performance, communicate the value of an employee, recognize, support employee loyalty and more. But many business owners—particularly small ones—may not have the cash needed to hand out bonus checks.

Posted October 11, 2023
Business Tips

Running a small business often means wearing multiple hats. One moment you're a manager, the next you're a marketer, then a customer service representative. While juggling these roles, small business owners are prone to making mistakes, particularly in the area of finance.

Posted August 11, 2023
Business Tips

At some time or another, almost every small business owner has considered hiring their children to work in the family business. It's an attractive idea. The concept of passing down a business to the next generation is as old as the days of settling the Old West in this country. But things are more complicated now than they were back then.

Posted June 5, 2023
Business Tips

When you think of a startup business and a small business, you may assume they are one and the same. However, once you learn more about these two types of businesses, you'll discover important differences. If you’re considering going into business for yourself, here are some facts to keep in mind regarding a startup and a small business.

Posted May 9, 2023