Even if you’re staying on track with your New Year’s resolutions, every small-business owner has to prepare for tax season. The major deadline may be a month or two away, but it will approach faster than you think. Here are a few tips to think about as you begin. 1. TRY BOOKKEEPING ONLINE For all […]
A small-business line of credit can come in handy when unexpected expenses pop up or revenue is slow to arrive. When you have one, you’re authorized to borrow up to a specific amount, drawing funds as you wish. You’ll pay interest only on the money you borrow. Here’s everything else you’ll need to know about […]
Operating a business is challenging enough without having your cash flow cramped by huge loan payments. If paying your lender is becoming a struggle, refinancing your small business loan may bring welcome relief. WHY REFINANCE? There are many good reasons to refinance a small-business loan, provided you’re a good candidate. The major appeal generally is […]
Are you a small-business owner who’s not getting the love you need from lenders? Are suppliers insisting on terms you find downright unfriendly? The common denominator may be a poor business credit score. Here are some steps you can take to fix it. WHAT GOES INTO YOUR BUSINESS CREDIT SCORE? Just like a personal credit […]
It takes more than a great idea and entrepreneurial spirit to be your own boss. But if you follow the right path, that dream can be within reach. Here’s what you need to do to start a small business. CREATE YOUR BUSINESS PLAN A solid business plan helps you organize your ideas and attract potential […]
One of the most important decisions you’ll make when starting a business is choosing the right accounts. As an entrepreneur, you’ll want to make sure you don’t mix your personal finances with your business money: If your cash isn’t kept separate, it could be hard to meet IRS recordkeeping requirements, and that could lead to tax […]
“Over the hill” surprise birthday parties can be fun. But one shock you don’t want in your 50s is the realization that you’ve completely overlooked retirement or are significantly behind where you need to be. No matter why you’re falling short, if you are, it’s time for a retirement offensive. Here are a few things […]
When faced with two big financial priorities, such as paying off old debt and saving for retirement, it can be easier to focus on just one. For people repaying student loans for themselves or their children, for example, 38% weren’t able to put money away for retirement, according to a 2015 survey from the National […]
It’s never too early to start putting away money for your future. If you’ve ever wondered how to save for retirement when you’re also dealing with day-to-day expenses, these easy tips can help. 1. GET A ROUGH ESTIMATE OF RETIREMENT EXPENSES It may seem difficult to know how much money you’ll need in retirement, especially […]
Your 20s may seem like an odd time to think of saving for retirement, but it’s actually the perfect moment to start planning for your later years. That’s because the earlier you start saving, the more time your money has to grow. Savers who begin setting aside 10% of their earnings at 25, for example, […]