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Finances

Learn the ins and outs of what you need to have ready to secure funding for your business. We've covered the basics.

Latest: Advice, Tips and Resources

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Article
Should You Borrow From Your 401(k)?
By Joyce Walsack | January 22, 2024
Borrowing from your 401(k) can be risky, but it might free up some liquidity when you need it most.
freelancer using a laptop
Article
How to Send PayPal Invoices
By Adam Uzialko | January 18, 2024
Sending invoices with PayPal is an easy way for businesses and freelancers to get paid.
Article
SBA Loan Deferments: What They Are and How to Qualify
By Donna Fuscaldo | January 18, 2024
Some conditions, like natural disasters, allow you to suspend your monthly payments until the crisis is over. Here is what you need to know.
Businesswoman signing a paycheck
Article
How Stagnant Real Wages Hurt Small Businesses
By Casey Conway | January 17, 2024
Wage issues combined with inflation impact both existing businesses and would-be entrepreneurs.
Article
How Your Business Can Accept Apple Pay
By Sean Peek | January 17, 2024
Set up Apple Pay for your customers so they can make contactless payments using an iPhone, iPad or Apple Watch.
Article
What Is EBITDA?
By Simone Johnson | January 17, 2024
Earnings before interest, taxes, depreciation and amortization (EBITDA) is a business analysis metric. Learn how to analyze your company's financial health with EBITDA.
Article
How to Build Business Credit
By Matt D’Angelo | January 17, 2024
If your business is new and doesn't have a credit history, use these eight tips to start building your business credit score.
Article
What Are Accounting Reports?
By Dock David Treece | January 16, 2024
Accounting reports are statements that show the financial health of a business.
Article
Filing for Bankruptcy: Information, Benefits and Disadvantages
By Chad Brooks | January 16, 2024
Once considered a financial death sentence, bankruptcy has become a tunnel to dig out from under mountains of debt.
Accountant in a wheelchair working at a desk
Article
Small Business Valuation: How to Determine Your Business’s Worth
By Bennett Conlin | January 13, 2024
There's no one perfect way to determine a business's value.
Article
What Is Depreciation in Business?
By Kiely Kuligowski | January 11, 2024
If you have expensive assets, depreciation is a key accounting and tax calculation.
Article
How to Choose a Business Debt Consolidation Loan
By Donna Fuscaldo | January 11, 2024
Loans are sometimes necessary in business. Here’s how to choose the best debt consolidation loan for your situation.
Article
FIFO vs. LIFO: What Is the Difference?
By Adam Uzialko | January 05, 2024
Learn which inventory valuation method will boost your profits and lower your tax burden.
Article
The 10 Best (and Worst) States for Small Business Taxes
By Natalie Hamingson | January 03, 2024
These are the best and worst states for small business taxes ranked. Where does your state fall on the list?
Article
11 Debt Collection Strategies to Implement
By Max Freedman | December 20, 2023
If you’re chasing overdue payments, these debt collection strategies can help you collect what you’re owed.
Article
Get Your Business Taxes in Order Before the New Year With These Tips
By Sally Herigstad | December 15, 2023
Plan your spending and expenses to start the new year off right and be ready for tax season.
Article
Opening a Business Account When You Have Bad Credit
By Sally Herigstad | December 13, 2023
Learn how to improve your chances of opening a business account even with less-than-stellar credit.
Article
Why SBA Loans Differ From Conventional Loans
By Donna Fuscaldo | December 13, 2023
SBA Loans vs. Conventional Lending
Article
What’s a Balance Sheet and Why Do I Need One?
By Sally Herigstad | December 13, 2023
Learn about balance sheets and how they differ from other financial statements.
Article
How to Save for Retirement if You Have Your Own Business
By Joanna Furlong | December 08, 2023
Self-employed professionals have unique considerations when it comes to retirement planning.
Article
7 Ways Small Business Owners Can Start Preparing for Retirement
By Cailin Potami | December 06, 2023
Learn how to plan and save for your retirement as a small business owner.
Article
Should You Hire a Debt Collection Attorney for Your Business?
By Max Freedman | November 27, 2023
Learn when it makes sense to bring in outside professional help to recover debts from nonpaying customers.
Article
How Small Businesses Are Affected by Minimum Wage
By Adam Uzialko | November 20, 2023
As minimum wages rise and big businesses offer employees more money, how can small businesses compete?
Article
What Is Inflation?
By Rebecca Neubauer | November 20, 2023
It's important for business owners to understand inflation and how it affects the wider economy.
Accountant using a calculator
Article
What Is a Revolving Line of Credit?
By Dock David Treece | November 20, 2023
A revolving line of credit can help businesses borrow money when they need it, paying interest on the balance.
Article
Should You Get an Unsecured Business Loan for Your Small Business?
By Sally Herigstad | November 20, 2023
You may qualify for an unsecured loan for your small business, but watch out for high interest rates and other risks.
Accountant doing payroll
Article
What Is a Lien?
By Simone Johnson | November 20, 2023
If you take out a small business loan and the lender requires collateral, they may place a lien on your assets. Here's what you should know about liens.
Article
What Is a Per Diem?
By Nicole Fallon | November 15, 2023
The term can be used in multiple ways relating to reimbursements and employees.
Article
Should You Audit Your Bookkeeper?
By Linda Pophal | November 08, 2023
A firm grasp of your business's finances is crucial.
Article
Getting Audited? How to Handle It Like a Pro
By Siri Hedreen | November 08, 2023
Here’s everything small business owners need to know about an audit from the Internal Revenue Service.