Monthly Archives

December 2019

Get a Grip on Your Cash Flow During the Slow Season

Get a Grip on Your Cash Flow During the Slow Season

By Business Advice

With a brand new year upon us, getting your company in shape for success begins with cash flow. For any business offering seasonal services, such as construction, home remodeling, or landscaping, work slows down during the cold months. This makes cash flow planning especially important. If you don’t have a positive cash flow, you will have difficulty financing your operations, paying your vendors, or meeting your payroll when business starts to slow down.  The Importance of a Cash Flow Statement…

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What Is the Best Retirement Plan for Your Small Business?

What Is the Best Retirement Plan for Your Small Business?

By Business Advice

As the owner of a small business, you are solely responsible for preparing for your own retirement. And, if you have employees, you would probably like to assist them in planning for their retirements. Of course, you may think that you’ll just sell your business and retire on the proceeds. However, a better way to go is to set up retirement accounts for yourself and your employees. Here are some options. SIMPLE (Savings Incentive Match Plan for Employees) IRA. Under this plan,…

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