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Factors Affecting Your Credit When Applying for a Loan: Understanding the Impact
Crucial Factors Affecting Your Credit When Applying for a Loan: Understanding the Impacts on Your Credit ScoreYour personal credit history and business history are crucial elements of your small business’s profile. They affect whether you qualify for a business loan,...
How Outsourcing Bookkeeping Can Improve Your Cash Flow
How Outsourcing Bookkeeping Can Improve Your Cash FlowThere’s no denying that accounting is one of the most crucial parts of running a business. However, it can also be particularly time-consuming, particularly for those without a strong handle on how to manage the...
How to Identify the Right Accountant to Grow Your Small Business?
How to Identify the Right Accountant to Grow Your Small Business?As a business owner, your accountant will be one of your most substantial and most vital partners. However, it can be tricky to find a good accountant to grow your small business. From certifying that a...
How to Simplify Your Business Accounts Payable Process
How to Simplify Your Business Bills ProcessSmall business owners have a prejudice when it comes to accounting. Invoicing gets the bulk share of their attention, and understandably so, since revenues are the lifeline of a business. Paying bills, on the other hand, tend...
Line of Credit vs. Business Credit Card
Today, business is very concerned about the way to get access to capital. And in this article, we will focus on two popular methods of capital: business credit cards and business lines of credit.
What is a Balance Sheet and How to Use it
In addition to communicating with shareholders, investors, and management, in particular, a balance sheet is one of the most crucial financial papers for any organization to provide insightful information at a specific point in time. A company’s performance and capability to fulfill its financial responsibilities are also included in the balance sheet. Let’s dive into the importance of balance sheets.
4 Small Business Challenges Women Entrepreneurs Overcome
I am proud to see more and more woman owned businesses, not to long ago it was rare to see a successful business owned by a woman. Times have changed, according to National Association of Women Business Owners (NAWBO) there are more than 11.6 million woman owned business….
Tax Updates that Effect Business Owners
There are several tax changes implemented by the Biden administration that effect business owners, let’s review a couple…
Current Tax Credits & Deductions Status
There were several temporary provisions implemented for the 2020 tax year that were carried over into 2021 tax year. One temporary provision that was extended for 2021 tax period is a special $300 income adjustment for cash contributions to qualified tax-exempt organizations…
3-Year Repayment of Covid-19 Related Distributions
In 2020 several provisions were enacted during the pandemic to help families who were struggling due to Covid-19. You may recall the early withdrawal penalty from qualified retirement plans was waived and the IRS deferred tax on retirement distributions….