How to Properly Handle a Business Tax Audit

May 25, 2022 by First Federal Bank

Receiving a letter from the Internal Revenue Service informing you your business is being audited is enough to stop you cold. But if you have taken the proper steps to prepare and work with your auditor to the best of your abilities, you shouldn’t have anything to sweat about.

Topics: Small Business, Entrepreneurship, Taxes

Apps to Help Cultivate Gratitude in Your Life

May 23, 2022 by First Federal Bank

Life can be incredibly stressful, and it can be easy to lose focus on the positive things in your life. To help you cultivate gratitude, consider downloading one of these apps that will assist you with reflecting on the good parts of your life:

Topics: Technology

Do You Understand Your Customer Base?

May 20, 2022 by First Federal Bank

Whether you’re a retailer or a service provider, every entrepreneur needs to have a solid grasp of what customers need and want. By knowing your target demographic’s problems, pain points, interests, and inclinations, you can better market your company and broaden your audience. Here are a few strategies to help you better understand your customer...

Topics: Small Business, Entrepreneurship

Energizing Drinks That Don’t Have Caffeine

May 18, 2022 by First Federal Bank

If making it through the day without caffeine is one of your health goals, you’re in luck. There are many options available that will boost your mood and energy level without the addictive quality of caffeine:

Topics: Healthy Living

Should You Get a Startup Business Loan for Your Entrepreneurial Venture?

May 16, 2022 by First Federal Bank

You’ve had a dream of going into business for yourself, and now you have a product or service you could turn possibility into reality. When you’re looking to get a business venture off the ground, you need startup capital. That’s where business loans can come in handy.

Topics: Small Business Lending, Small Business, Entrepreneurship

Advice for Teaching Your Child How to Use Checks

May 13, 2022 by First Federal Bank

Talking to your kids about finances is an ongoing conversation. Starting with saving coins in a piggy bank and earning an allowance to opening up a savings or checking account, budgeting for major purchases and investing for the future, there are many facets to your child’s financial education. Here is a closer look at teaching your child how to...

Topics: Personal Banking, Financial Education, Family

How to Protect Your Small Business from a Data Breach

May 11, 2022 by First Federal Bank

Cybersecurity breaches threaten every company, from the smallest family businesses to the largest corporations. That’s why it’s essential to know how to protect your data from prying eyes. Here are some simple steps you can take to keep your company safe from cybercrime:

Topics: Technology, Small Business

How Inflation Affects Your Finances

May 09, 2022 by First Federal Bank

As Investopedia contributor Jason Fernando explains, “Inflation is the decline of purchasing power of a given currency over time.” As prices for goods and services increase, the money in your wallet is unable to buy as much. But the effects of inflation on your finances extends beyond pricier items.

Topics: Financial Education

How to Correct Errors on Your Credit Report

May 06, 2022 by First Federal Bank

Managing your credit score takes hard work and it could help you purchase a house, a vehicle, or other big-ticket items. However, if a credit bureau does not have the correct information included in your credit report, it could affect your credit score. Here is some advice on how to report and correct potential errors on your credit report:

Topics: Financial Education, Credit Cards

Establishing a Trial Period for New Employees

May 04, 2022 by First Federal Bank

Hiring a new employee is a big commitment, especially when it comes to cost. This includes the time it takes to procure interview questions, create job listings, communicate with potential hires, conduct the interviews, and train a new associate — all on top of adding a salary to your business budget. A trial period for new employees is a great...

Topics: Small Business

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