Not All Business Advice Is Good Advice— How to Spot the Bad Stuff
Tired of conflicting financial advice for your business? From social media gurus to viral success stories, business owners are flooded with financial tips—some helpful, many harmful. If you’re not careful, following the wrong advice could hurt your bottom line. Your Guide to Smarter Money Moves The truth is, not every tip applies to every business. […]
EBITDA vs. Net Income: What’s the Real Difference—and Why Should You Care?
Ever stare at a financial report and wonder what EBITDA or Net Income really mean? You’re not alone. Those two numbers show up in nearly every business’s financial statement, but they serve very different purposes—and knowing the difference can help you make smarter business decisions. What Is EBITDA, really? EBITDA stands for Earnings Before Interest, […]
Summer Reset: Your Mid-Year Financial To-Do List
Can you believe we’re already halfway through the year? This is the perfect time to take a step back, review your numbers, and make a few minor adjustments that can lead to significant improvements by year-end. Smart Financial Moves Here are a few clever financial moves to consider: Review your revenue and expenses: Check what’s […]
Is It Time to Rethink Your Business Pricing? Here’s How to Know
We’re here to talk about something many business owners avoid…pricing. If your profit margins feel too tight, your revenue isn’t matching your workload, or you haven’t reviewed your rates in over a year…it might be time for a pricing adjustment. Rethink & Refine Here are a few tips to help you rethink and refine your […]
Is Your Business Budget Still Working for You?
Most business owners create a budget once, feel good about it, and then don’t look at it again until the following year. But if you’re not reviewing your budget regularly, it’s probably not working as well as you think. Business isn’t static; prices change, revenue shifts, expenses creep in, and unexpected things pop up. So, […]
Why a Mid-Year Budget Review Matters
As the second quarter progresses, business owners must ensure they’re on track with their financial goals. A mid-year budget review helps you identify areas where you may be over or under-spending, allowing for necessary course corrections before year-end. Without this evaluation, you may face cash flow problems, unexpected expenses, or lost revenue opportunities. A thorough […]
Why Q2 is the Perfect Time for Business Expansion
As the second quarter unfolds, you may prepare for expansion in the latter half of the year. Whether hiring additional staff, launching a new product, or expanding into a new market, growth requires careful financial planning to ensure long-term success. Expanding without a solid financial strategy can lead to: Cash flow issues: Increased expenses without […]
2025 Tariff Shake-Up: How They Could Affect Your Financial Forecast
The recent tariffs announced by President Trump are poised to have significant implications for American business owners across various sectors. They are expected to increase operational costs, disrupt supply chains, and contribute to economic uncertainty, posing challenges for American business owners. Biggest Impact Increased Import Costs: The tariffs impose a baseline 10% duty on nearly […]
Treasury Department Halts Enforcement of Corporate Transparency Act and BOI Reporting
On March 2, the U.S. Treasury Department announced it would no longer enforce the Corporate Transparency Act (CTA) or the associated Beneficial Ownership Information (BOI) reporting requirements. The decision marks a significant shift in the regulatory landscape for U.S. businesses, tiny enterprises preparing for compliance deadlines. No Penalties for Non-Compliance In addition to suspending enforcement, the […]
CTA-BOI Reporting Deadline Reinstated – What You Need to Know
The nationwide injunction blocking the Corporate Transparency Act (CTA) Beneficial Ownership Information (BOI) reporting requirement has been lifted. As of February 18, 2025, most reporting companies must comply with FinCEN’s BOI reporting rules. This decision comes after the U.S. District Court for the Eastern District of Texas lifted the Smith, et al. v. U.S. Department […]
