Cash flow is the lifeblood of any business. Regardless of how innovative your product is or how many sales you generate, if there’s not enough cash available to cover day-to-day expenses, your business could quickly find itself in trouble. Managing cash flow effectively ensures your company remains financially healthy and resilient during economic ups and […]
IRS Provides Guidance on Penalty-Free Withdrawals From Retirement Plans
Some good news for cash-strapped retirement savers who may need to meet a financial emergency but do not want to incur interest or penalty charges when accessing money from a retirement plan: The IRS recently released guidance on a provision included in the SECURE 2.0 legislation that permitted retirement savers to withdraw up to $1,000 […]
Trusts Can Help Accomplish Numerous Goals
Trusts are remarkably flexible and helpful planning tools. They can be used to protect and transfer assets to loved ones and to accomplish other goals, such as long-term asset management. Here’s a look at some of the reasons why you might consider creating a trust. Manage Assets If you have acquired significant assets, you understand […]
Business Tax Reduction 101: Smart Strategies to Keep More of What You Earn
For every business owner, managing taxes is one of the most important parts of running a successful operation. Overpaying taxes can eat into profits, while smart planning can significantly improve your bottom line. The good news? With the right strategies, you can reduce your business tax liability legally and effectively. This guide breaks down the […]
7 Smart Ways to Improve Your Business Credit Score
Your business credit score is more than just a number—it’s a key that can unlock better financing options, lower insurance premiums, and stronger supplier relationships. Whether you’re just starting out or looking to expand, a healthy business credit profile can give your company a significant advantage. If your score isn’t quite where you want it […]
A SIMPLE Approach to Retirement Readiness
As the owner of a small business, you may like to be able to offer your employees a retirement plan benefit, but cannot do so for several reasons. Cost is obviously a major concern, but the complexity involved in administering a defined contribution plan, such as a 401(k) plan, is another significant issue. However, the […]