Best and Worst Social Media Platforms for Marketing

September 30, 2022 by Courtney Blackburn

Social media is a powerhouse in today’s society. With the right platform, you can easily connect with customers all across the globe, giving you nearly unlimited potential for growth and success. Knowing the right platforms to use — and how to utilize them — allows you to maximize that potential and start seeing results.

Topics: Small Business

What Is an EIN and Does Your Business Need One?

September 23, 2022 by First Federal Bank

There’s a lot you need to think about as you’re starting up your own business, or restructuring it, and that includes your new tax arrangement. The IRS doesn’t look at you the same way now that you’re launching a company, so it’s important you establish the proper tax status with the U.S. government.

Topics: Small Business

Determining a Fair Salary Range for Employees

September 16, 2022 by First Federal Bank

It’s no secret your small business relies heavily on the hard work, dedication, and expertise of your workers. To attract, motivate, and retain employees who make your company’s success possible, you’ll need to pay them well. Establishing fair salary ranges will help you accomplish this, and here are some tips to guide you through the process:

Topics: Small Business

Why Your Business Needs a Blog

September 02, 2022 by First Federal Bank

If your business already has a dedicated website and social media presence on platforms like Facebook and Twitter, you may feel like you have done enough to boost your online reach. However, it shouldn’t stop there. Another important tool in your business arsenal is the blog. Whether your business is large or small, a blog can improve its...

Topics: Small Business

Does Your Company Really Classify as a Small Business?

August 26, 2022 by First Federal Bank

There are many benefits to being categorized as a small business, but your company has to fall within specific constraints to qualify. You may assume that, by its name, the company automatically qualifies if it has very few employees or limited operations. But is that the case?

Topics: Small Business

How to Write a Job Description that Attracts the Right Candidates

August 19, 2022 by First Federal Bank

Hiring is an expensive process. It takes time and money to recruit, hire, and onboard new people. It’s thus critical to invest as much of those resources as possible on the right recruits — and that starts with writing a compelling job description that attracts suitable candidates.

Topics: Small Business

Get the Biggest Tax Benefit from Charitable Giving and Donations

August 12, 2022 by First Federal Bank

Looking to reduce your tax burden and do some good for your local community? In addition to demonstrating your company’s commitment to giving back, charitable donations provide a wealth of opportunities for tax savings. Here’s how to get the most bang for your buck while making the world a better place:

Topics: Small Business, Financial Education

Accrual Accounting vs. Cash Basis Accounting

August 05, 2022 by First Federal Bank

Whether you’re doing your own accounting or placing it in the hands of a professional, knowing the differences between accrual accounting and cash basis accounting is key for keeping the books in a way that benefits your business.

Topics: Small Business

Business Risk vs. Financial Risk: What’s the Difference?

July 15, 2022 by First Federal Bank

Just like everything else in life, owning and operating a small business can be risky. Typically, your risks will fall into two different categories: business and financial. Understanding both of these risk types will help you run your business as responsibly as possible and plan ahead for any complications that might arise.

Topics: Small Business

Benefits of Participating in Work-Based Learning Experiences

June 24, 2022 by First Federal Bank

Work-based learning (WBL) a is a coordinated sequence of experiences designed to provide students with real-world learning through partnerships with local business and industry. What’s the aim of WBL? To give young adults opportunities to explore career paths and better connect their schooling to job experience and employment opportunities.

Topics: Small Business

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