Archive of Business Finance articles by Arla Wallace

Here is an overview of 2021 tax law changes for small business owners. Consult with your CPA for all the changes that may affect your small business.... more

There are many funding options available for your start-up or growing small business. When other options fail, you may wish to explore the more unconventional ways.... more

Natural disasters can physically and financially impact your company. Creating a plan of scenarios and actions to be taken before and after will make your recovery easier.... more

Artificial Intelligence is being used by more and mor companies. The cost is becoming affordable to small businesses. Could it be right for you?... more

Here is an overview of 2021 tax law changes for small business owners. Consult with your CPA for all the changes that may affect your small business.... more

Cybercrime is costly to small businesses. Here are four threats that small business owners should be alert for.... more

You have no control over the economy or financial crisis but, how you manage your business can help you through hard times. Don’t let fear get in the way... more

Small businesses are not created equally. The ones that provide the best online experience will keep their clients coming back. Here are some tips for providing that positive experience.... more

Which retirement savings plan is right for you and your business? Here is some basic information on the types of plans to consider.Which retirement savings plan is right for you and your business? Here is some basic information on the types of plans to consider.... more

There are many ways to generate leads. Here are some tips for creating your strategy.... more

Fostering creativity by your employees can help your business overcome challenging times and grow your business.... more

Shipping demands continue to rise with consumer spending and carrier issues. Spend time selecting a shipping strategy that helps you attract customers and your increase your profit margin.... more

Customer expectations are evolving. Brick–and–mortar alternatives can help reduce overhead and start–up costs. Here are some ideas.... more

Thinking about starting a business? You’ll need to know what financial challenges you may have before cash starts flowing in... more

Many self-employed small business owners are required to file quarterly estimated taxes. Here is some basic information on what you need to know.... more

Consider all the issues before you decide to lease or buy equipment for your business. Here, you will find what to consider when making that decision.... more

If you want to reduce your investment in inventory and working capital, Just -in-Time Inventory may be your answer. Learn the benefits of using this system in your manufacturing.... more

A system of checks and balances when employees are handling cash is a must for every small business. Here are some tips for helping you set up your procedures.... more

Budgeting and Forecasting are important to your business. They both have a specific purpose. Learn the difference and how to use them for your business.... more

Depending on your needs, there are several financing options available to a small business. Work with your banker to determine what might be right for you.... more

Will the president’s tax policies become law? Staying abreast of tax law changes, even if you have a trusted tax professional, will help to keep you informed as a small business owner.... more

What method does your company use to account for your inventory? Choosing a specific method directly affects your profit margin.... more

As an employer, you will be responsible for withholding payroll taxes from employee’s paychecks and providing them to the appropriate agencies. Here are some basic on payroll taxes.... more

Facing unique challenges during the pandemic have impacted the financial health of your company. Here are some tips for improving the financial health in 2021.... more

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Avoid late filing or late payment penalties due to not filing and paying taxes when due Here are some tips for creating a Tax Calendar for your small business.... more

The CARES Act made several changes to tax law that incentivize charitable contributions for individual taxpayers and corporations alike. See what they are and how you can use them.... more

The pandemic caused many businesses to diversify. Some diversified their offerings and some found a new client base? Here are some ideas that may help your business determine what is right for you?... more

The growth of a small business is important. The quality provided is what causes customers to continue buying from you. Here are some thoughts on balancing growth and maintaining product and service quality.... more

For many businesses, this time of year means “Budget Season”. Here are some simple ideas for creating your budget.... more

Small Business can create a competitive advantage by adopting technology. Technology can help differentiate a small business. Here are 5 Technologies to think about.... more

Good recordkeeping is essential for small business owners to monitor the progress of your business. That and tax compliance needs to start when the business is formed. Learn what you should do.... more

Small Businesses have continued to be resilient in the face of the pandemic. Moving quickly and changing as needed, they have demonstrated their contribution to the economy.... more

The Affordable Care Act offers health insurance options and tax incentives for small business owners. Here is a simple summary of qualifications and options.... more

Having a bookkeeper is an essential function for your business. Defining what you need and determining the best solution for you does not have to be difficult. Here are some tips to help you.... more

Securing Business financing before you need it is a smart move. Lines of Credit and Term Loans are flexible solutions. Learn which one may be right for your business.... more

Avoid the mistakes other small business owners make. Keeping good records, knowing how to classify an employee vs Contractor, Filing on time and your legal entity can help you to avoid tax mistakes.... more

Give your business an edge over the competition with health and retirement benefits to attract and retain quality employees. Doing this also offers benefits to the owner as well as tax advantages.... more

Build an empowered team with well documented procedures, that will enhance the value of your small business and help you and your team navigate the unexpected while you serve in the owner role.... more

Learn why you might need an Outsourced Bookkeeper or Accountant and the advantages to you as a business owner.... more

With so many advantages such as accessibility, built-in security, and price, it’s easy to see why cloud-based accounting is a great option for small businesses.... more

Cash flow impacts profits and can be a critical component of success for small business owners. Here are some tips on how to improve your cash flow.... more

Accounts receivables seem to be a big concern for small business owners. Here are some best practices to ensure you get paid.... more

An efficient month-end close process increases structure and reduces risk. Here are some practices to improve your month-end close.... more

Financial ratios show what aspects of your business are working by comparing figures. Here are five financial ratios that can improve your business operations.... more

When it comes to business taxes, the first thing to understand is how the taxes work and what the IRS requirements are so you can stay in compliance.... more

Every small business owner should understand the following six things that can affect the business’s income taxes and overall tax situation.... more

Here are some steps you should take before the end of the year to get your small business ready for tax season.... more

For a small business owner, there are many opportunities for growth. Here are three budgeting tips for small businesses.... more