The Section 179 tax deduction is an important tool for small businesses. Instead of buying eligible business equipment and spreading out tax deductions for it over a period of years based on depreciation, business owners can use Section 179 to write off the full value of that purchase for the current year’s taxes. When used properly, this...
Ideally, you want your employees to be happy and healthy — not just because they work for you, but because they’re people you genuinely care about. As an employer, you have the ability to help in this cause. Rolling out wellness programs for your workers offers your employees tools they can use to build better health, and you can great results on...
Topics: Small Business
An emergency fund for your small business is a smart investment. By having some savings on hand, you can help your company weather economic downturns, a loss of patronage, and unexpected expenses. However, it can be a bit overwhelming to set savings goals, carve out money from your company budget, and plan for all the ups and downs your business...
Topics: Business Banking, Small Business
A stock ownership plan can be an appealing way to give your employees an ownership stake in the business via stocks. This investment vehicle empowers your workers to invest tax-free money directly in your company and cash out their funds when they reach retirement age. But the benefits of an ESOP go beyond perks for your crew — investing in your...
Topics: Small Business
Starting your own business from scratch can be daunting if you lack experience or know-how. If you’ve been thinking about striking out on your own, a great way to get your feet wet is by becoming a franchise owner. Franchise businesses are an excellent gateway for entrepreneurs on the grow, especially if you start in a proven industry.
Topics: Small Business
In most cases, when you apply for a loan, there’s a set end date. This allows the lender to determine things like interest rate and monthly payment and helps you determine your pay-off amount. But there is such a thing as an open-end loan, which gives you more flexibility if you might need to continue borrowing in the future. If you can obtain one...
Topics: Personal Banking, Small Business, Financial Education
When you maintain a physical office space, one of your priorities should be taking care of your employees. A great way to do this on multiple fronts is to install vending machines stocked with healthier food options. Healthy vending options aren’t just great ways to help your people — they’re easy to maintain and can lead to extra revenue.
It’s...
Topics: Small Business
Running a business exposes you to risk, even if you have no employees. Business insurance can help protect you from many of the threats business owners commonly face. Here are some of the main types of business insurance you may come across in your research and while shopping for the perfect policy:
Topics: Small Business
Small Business Saturday can be a boon for the well-prepared entrepreneur, or a bust or stressful rush for business owners caught off guard. Here are some of our top tips to help you make the most out of Small Business Saturday on November 26:
Topics: Small Business