As a sole proprietor, you may have wondered if it would be better for you to incorporate your business. Here are some things to consider… Incorporating a business limits the owner’s liability. However, many small corporation stockholders are required to...
Thinking about buying an existing business? Make sure to take the time to investigate the business thoroughly before jumping in. Investigate possible issues. It can be tempting to get into the business first and then worry about any problems once they’ve...
401(k) plans have long been thought of as retirement plans for large companies. While there is no minimum number of employees required to establish one, the high costs associated with setting up a 401(k) and administering it have made them unappealing to small...
When was the last time you gave your business an internal checkup? For any business, having internal accounting controls in place are vital and should be a part of everyday procedures. They should help prevent fraud and employee theft or detect it early. Here’s...
Preparing for tax filing season can be time consuming and even a bit overwhelming if you’ve waited until the last minute to organize everything. Here are eight tips to help you get ready for tax season… Make your estimated tax payments. Your fourth quarter...
As a small business owner, getting a bill for an unexpected expense can have a significant effect on your business’s cash flow. Here are some tips you can use to deal with a surprise bill… Establish a consistent reconciliation schedule. Knowing how much...
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