For small business owners, tax planning is crucial. Without proper planning, you may find a large portion of your hard-earned profits and savings eaten up by taxes that may not have been so high if you knew better options to pursue. To help you get started in tax planning for the new year, below are a few considerations to make. …
Improving Your Financial Literacy Can Improve Your Business
Financial literacy is essential for your personal financial health and even more crucial for the financial health of your small business. Being a small business owner comes with many responsibilities, one of which is maintaining the company’s finances and helping keep it on track toward a solid financial future. Whether you are just starting to explore financial literacy as a …
Credit Education Month: 4 Ways to Boost Your Credit IQ
March is National Credit Education Month in the U.S., which makes it the perfect opportunity to brush up on your credit basics.1 Whether you’re a credit novice or well-versed in the art of the FICO score, below are four ways to potentially boost your credit IQ. Dissect Your Credit Score Do you know what goes into your credit score? Although the …
Financial Wellness Checklist for Small Business Owners
Financial wellness is easier to work toward when a business owner understands their economic outlook and has set financial goals to take them through the next 5 to 10 years.2 Striving toward financial wellness is vital for any small business owner. When your finances are in a good place, you are able to focus on other important aspects of your business, such as business development and growth. So, if you are ready to take charge of your financial wellness, there are a few things to add to your financial wellness checklist.