Common Mistakes To Avoid In Starting Your Business
Approximately 20 percent of small businesses will fail within their first year. When you consider that there were about 30.2 million small businesses in the country as of 2018, you can begin to get an idea of just how serious this situation is. It means that every year, about 6.04 million small businesses celebrate their […]
Is Your Family Business Ready for Tax Season?
Owning a small business is the dream for many Americans. When it comes to tax time, the nuances can cause somewhat of a headache if you’re unsure of the unique challenges and liabilities. This is true for all industries but a multi-generational company has special considerations. Family Business Tax Challenges It may seem like common […]
10 Ways To Improve Your Budgeting & Forecasting
Budgeting and forecasting allow a business to plan accurately for its fiscal year. Below are 10 ways to improve these processes to create a strategic plan that meets your business’s financial goals. 1. Keep Budgeting and Forecasting Flexible Rigid forecasts and budgets aren’t very useful. Things change as the year progresses, and you need to […]