A good credit score can help your business land contracts and get better terms from lenders and vendors. Learn the simple steps you can take to boost your business credit score. If you’re seeking out suppliers, trying to score a contract with the U.S. government, or applying for a low-cost business loan, you’ve probably heard [...]
Rolling over an IRA is a financial maneuver fraught with peril. One wrong step and you could be on the hook for a massive tax bill. Miss the 60-day deadline, and you could face a complicated appeals process that could easily cost $20,000 — that is, until now. On Aug. 24 the IRS changed its appeals process for [...]
Here’s what your small business needs to know about complying with federal overtime regulations before the Dec. 1 deadline. With changes to the Fair Labor Standards Act (FLSA) scheduled to take effect on Dec. 1, you probably have questions about how they apply to your business. The law, which affects businesses with at least two [...]
Small business owners may not be aware that lenders and creditors make funding decisions using your business credit score, not just your personal credit score. If you’ve ever considered outside funding for your business, you know there can be a seemingly unending list of information lenders might require. You’ll likely need your bank statements, income [...]
The contribution limits for 401(k) plans and individual retirement accounts will stay the same in 2017. Workers remain eligible to defer paying income tax on up to $18,000 that they save in a 401(k) and $5,500 in an IRA. And employees age 50 and older continue to be able to save an additional $6,000 in [...]
Before you need to apply for business financing, a simple calculation will help you determine how much you can afford to borrow. As a small business owner, there will be times when you need to prove your credit worthiness—especially when applying for a loan. But savvy business owners want to know the financial well-being of [...]
Across America, new rules take effect this week for managing the development of our manufacturing workforce On October 18, 2016, new Federal rules took effect for how workforce development is to be accomplished in America. These rules implement the Workforce Innovation and Opportunity Act that was signed into law in July of 2014 along with [...]
Small business owners are rushing to get their companies — in particular their employees — ready for an upcoming change in overtime rules. With federal regulations that are expected to affect the paychecks of 4.2 million workers going into effect Dec. 1, human resources consultants say they're seeing a surge in calls from owners seeking [...]
Don’t let the complexities of sales tax rates, use tax rules and tax exemption management take you away from running your small business. When you started your small business, you probably didn’t plan to spend your days calculating sales tax rates or answering customer questions about which of your products and services are taxable. But [...]
Paying property taxes is not one of the joys of homeownership. Those necessary — but often hefty — payments cost the average American household $2,127 a year, and helps to fund local governments and schools. That annual levy is even higher in states such as New Jersey or Illinois, which are among the highest average [...]
