Business Planning & Consulting

Looking for funding? Consider SBA loans

It can be tough for startups and other small businesses to borrow money at favorable terms. The Small Business Administration can help. Learn about its loan programs and how to apply.
May 27, 2026
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If you’re seeking financing to start or grow a small business, don’t forget to look at loan programs through the U.S. Small Business Administration (SBA). Down payments, interest rates and borrowing fees are typically lower, and application requirements may be more flexible than you’d find elsewhere. Some SBA loans also come with counseling and education, […]
#BusinessGrowth, #SBALoans, #SmallBusinessFunding
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Retirement Planning

Self-employed? Don’t overlook a Roth IRA

Small business owners: If you think your income is too high for you to qualify to make Roth IRA contributions, think again. Many self-employed individuals are eligible for contributions without realizing it.
May 26, 2026
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Some small business owners overlook Roth IRAs because they assume their income is too high for them to qualify to make Roth contributions. Others may think their current tax rate is higher than it will be in retirement, making current tax deductions more valuable than future tax-free distributions. However, if you don’t at least consider contributing to […]
#RetirementPlanning, #RothIRA, #SmallBusinessTaxes
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Business Planning & Consulting

What you can do to protect your business from rising costs

Although inflation is rising, businesses can manage higher prices and even thrive by lowering costs and enhancing cash flow. We suggest several ideas for fighting the effects of inflation.
May 20, 2026
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For the 12 months ending in April 2026, the U.S. inflation rate was 3.8%, according to the U.S. Bureau of Labor Statistics. Prices for your business’s products, materials and other operating costs may have risen faster in recent months than you anticipated, making planning and forecasting challenging. How can your business counteract inflation? Start by making prudent […]
#BusinessStrategy, #CashFlowManagement, #InflationPlanning
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Tax Planning

Consider your potential charitable deduction before donating artwork

Thinking about donating a painting, sculpture or other work of art to charity? Read this first to help ensure your tax deduction will be what you expect.
May 19, 2026
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If you give artwork to charity, the deduction you can claim depends on several factors, including the type of organization receiving the piece and how it will be used. Special substantiation and appraisal rules may apply as well. Relation to charitable function Your deduction for a donation of art will generally be reduced if the […]
#ArtDonations, #CharitableGiving, #TaxPlanning
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Risk Management

What you need to know about business insurance

How can you make the best insurance decisions for your business? Obviously, you don’t want to overpay for unnecessary coverage. But you also don’t want to skimp where risk is high. Start by reviewing common policies.
May 14, 2026
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Given the many potential threats to your business’s assets, cash flow and human resources, which types of insurance products and how much coverage do you need? Some organizations pay for policies that don’t make sense based on their industry or operations. Others have inadequate coverage where risk may be significant. What about your business? It […]
#BusinessInsurance, #Cybersecurity, #RiskManagement
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Tax Planning

Moving to a new state? Review the tax implications first

A change in state residency has tax implications beyond income taxes. Find out what tax factors to look at before relocating.
May 13, 2026
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Whether you’re relocating for work, retirement, family or lifestyle reasons, state taxes can have a significant financial impact. Taxes vary widely from state to state. And establishing residency for tax purposes may be more complicated than you expect. Before moving, be sure you understand how changing states could affect your overall tax situation. A variety […]
#EstatePlanning, #RetirementLifestyle, #TaxPlanning
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Cybersecurity

Tax identity theft: Businesses are at risk, too

Small business owners, beware: Tax identity theft is a costly, ongoing threat. Learn the warning signs and ways to fortify your defenses.
May 12, 2026
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Tax identity theft isn’t limited to individual taxpayers — businesses are also targeted through their Employer Identification Numbers (EINs), payroll systems and tax filings. The financial impact of these crimes can be significant. Businesses may face delayed or stolen tax refunds, unauthorized payroll filings, and the time and expense of resolving IRS issues. There may […]
#BusinessSecurity, #Cybersecurity, #IdentityTheftProtection
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Retirement Planning

2 retirement plans for small businesses with lean budget

SEP and SIMPLE IRAs are particularly suited to small businesses with tight budgets. Read on to learn about the benefits and potential disadvantages of these cost-effective employee retirement savings options.
May 7, 2026
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Most business owners would like to offer their employees a 401(k) retirement savings plan with all the bells and whistles. But for small businesses with lean budgets and small staffs, offering such benefits may be out of the question. Fortunately, SEP IRAs and SIMPLE IRAs are less expensive and easier to administer. Might one of […]
#RetirementPlanning, #SEPIRA, #SmallBusinessBenefits
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Tax Planning

Fine-tune your tax withholding after filing your return

Keeping your withholding aligned with your expected tax liability can help you enjoy better cash flow during the year and avoid unwelcome surprises at filing time. Learn how to fine-tune it.
May 6, 2026
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Many taxpayers discover at filing time that their tax payments during the year didn’t align with their actual liability — either too much or too little was withheld from their paychecks. A small difference is to be expected, but withholding that’s significantly off target can have negative consequences. Overwithholding reduces the amount available to you […]
#TaxPlanning, #TaxTips, #Withholding
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