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Finance

Financial related advice and guidance for small business owners.

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Cash Flow, Profitability, and How You Can Still Go Broke.

Forecasting and understanding your cash needs as you grow your business is one of the biggest problems that small businesses have. If you don't understand cash flow, if you confuse cash flow with profit ... you need to have a conversation with Joe Knight. Or you can read about ours.

Accounts Receivable Factoring. Better than a bank loan in the Great Recession.

We've said in other articles that cash flow is the thing that kills businesses. Accounts receivable factoring is just one way to keep that revenue flowing in. It's not a new business process, but it might be new to you -- so here is a little guidance on how AR Factoring can work.

Articles & Advice
BUYING GUIDE: Business Loans

Some well-financed soul out there probably wants to lend money to your business. The question is, who is this person, and on what terms? We recognize that small business loans can be difficult to find these days. We want to make the process easier and more transparent for you. We describe the process of most small businesses’ search for a loan, starting at the gold standard – an old-fashioned bank loan – through other alternatives from nonbank lenders, so-called “hard money” lenders and asset-based lenders.

How to shop for insurance

What should you do about health insurance for your employees? What benefits really matter? Well, start by expecting things to change rapidly over the next year or so. While the debate rages around us about what to do to improve the situation, you need to know how this works now.

What to pay your employees

How much should you pay your workers? Yes, yes, the economy is awful and the job market looks like a Russian grocery store before the fall of the Berlin wall. This doesn't mean your employees will accept payment in bowls of gruel and dried fruit. Here's a primer about what to expect as an employer, where to find market information and what the law requires.

How to apply for a SBA-backed loan

What do you really need to know about how SBA-backed loans work? First, know that you're going to be spending more time with a bank than you might think.

The difference between corporate credit cards, lines of credit and loans

What's the difference between a business credit card, a line of credit, and other kinds of short-term financing? Here's the answer.

Tax credits

How do you qualify for business tax credits? You might want to consider taking up a side gig as a lumberjack. Read on.

Business tax basics

What do you really need to know about tax law? Keep solid records, separate your personal finances from your business finances, and if you take your business seriously, get an accountant.

Taxes for Entrepreneurs
Limiting Your Audit Risk

As quoted in the Los Angeles Times (March 15, 2010)
You can never eliminate that chance of being audited, because a perfect tax return will be suspicious, too (who files perfect taxes?) Company.com has ten ways to reduce your risk of an audit – we figure that most small businesses don’t have big accounts in the Caymans or Switzerland, and that if you’re reading this you haven’t run into significant tax problems in the past. Otherwise you'd know this stuff already.

Taxes for Entrepreneurs
Your First Tax Season

If, like tens of thousands of individuals in 2009, you started a business, 2010 might be the first time you’ve ever needed to file business taxes. You might think that they’re just like individual taxes, but you’d be wrong. Business taxes are the Complete Works of Shakespeare. Your individual taxes are the Cliff Notes of “Where’s Waldo?”

What to do if you won't be able to file your taxes on time.

It's April 8th. Raise your hand if you've filed your taxes. Anyone who raised their hand, you get a gold star, two if you estimated and paid throughout the year. Everyone else, read on.

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