First Federal Bank Blog

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?

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.

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:

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.

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.

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.

Your business thrives on your ideas and the products and services they give life to. But before you turn that million-dollar idea into a million-unit seller, you need to take steps to secure your intellectual property and protect it against plagiarism.

To help increase your profits and make your business more well-known in your community, you should focus on ways to improve visibility.

Whether your team works in an office, retail space, stockroom, or warehouse, finding ways to maximize that space can be difficult. Here are some tips on utilizing as much space as possible in your work area:

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.