Good Deeds and Good Business: The Case for Charitable Giving

According to a recent survey(1) of 1,400 small businesses conducted by a leading online lender, forty-six percent of small business owners who donate to charity say they commit to up to $1,000 in contributions.   As a small business owner, perhaps you and your team have wondered whether supporting a local charity or athletic team would…

Top Five Trending Business Books of 2018

Top Five Trending Business Books of 2018 Since the time of Sun Tzu, the Chinese general and writer credited with authoring the book The Art of War, entrepreneurs and leaders have turned to books for business advice. Even Aristotle’s notable work “Nicomachean Ethics” provides examples of virtues he deemed necessary for successful leadership.  It’s been…

Merchant Cash Advance 101

What is a Merchant Cash Advance? A merchant cash advance (MCA) is a form of financing that offers small business owners fast access to short-term working capital. In its original form, a merchant cash advance was designed for restaurants, retailers, and other businesses who accepted payment by credit card. The cash advance provider would agree…

Cryptocurrency for Small Business – To Accept or Not To Accept?

Cryptocurrencies such as Bitcoin, Ethereum, and Litecoin have quickly gained prevalence as disruptors of the financial industry. While the risks and benefits of investing in cryptocurrency are hotly debated, most predict that the technology behind digital currency has the potential to revolutionize the future of financial transactions and payments. The debut of these alternative currencies…

Top 4 Tips for Hiring in a Tight Labor Market

With the recovery of the job market and unemployment rates at a near-record low of 4.1%, qualified candidates are in high demand. Exacerbating this situation is the impending “workforce gap” facing the country – as droves of baby boomers reach retirement age, they will leave a shortfall of an estimated 10 million workers that need…

The New Tax Law and its Impact on Small Businesses

With President Trump officially signing The Tax Cuts and Jobs Act into law, individuals and businesses will be seeing the most significant tax changes in thirty years.  The new tax reform bill aims to stimulate economic growth and encourage expansion of small business across the United States.  The tax bill includes provisions such as modified…

Choosing Between an LLC and an S Corporation

Assessing which corporate structure to select for your business, both from a legal and operational perspective, is a key factor in setting up your company for success. Each of the distinct options have advantages and disadvantages in relation to taxes, exposure to liability, and various day-to-day practical elements. The goal of this article is to…

What is a DBA – Understanding the Pros and Cons

Running a successful small business requires strategic planning and consideration of the cost-benefit tradeoffs of many decisions. One of these decisions includes your business structure and the name under which you will operate. This article provides a general overview of a naming option known as a DBA, or “Doing Business As,” as well as some…

Top 5 Year End Tax Planning Tips for Small Businesses

It’s the most wonderful time of the year.  But, for small business owners, it can also be an overwhelming time. There are last minute deals to close, year-end bonuses to hand out, and holiday parties to plan. Amidst all of this excitement, it can be easy to lose track of the more mundane administrative tasks…

What Healthcare Reform Could Mean for Your Small Business

It should come as no surprise that decent health care benefits top the list as a priority for current job seekers.  According to an article on Fastcompany.com: “Just over three-quarters of U.S. workers prefer great health care packages over schedule flexibility and remote working, parental leave, free food, onsite daycare, or gym memberships. In the…