Some small business owners have been blessed with a financially stable life. They begin their business with a good credit rating and lenders quite willingly hand out large sums of money for investment. However, some business owners have lived working from paycheck to paycheck. These small business owners have amazing ideas, abundant passion and enthusiasm, but are often overlooked. Traditional banks and lenders won’t give business owners in this position the time of day. As well, non-traditional funding sources such as private investment from family and friends may be tapped. If you are a small business owner in this position, [...]

As tax quickly approaches, many small business owners turn to their tax advisors to prepare and file their taxes for them. In fact, a poll of over 1,200 respondents determined that 72% of business owners use external tax advisors. Although 78% of those polled are happy with their tax advice, there are many things to consider when gathering all the documentation for your tax advisor. Tax advisors may work wonders with all the information you give them, but there may be a few items you are leaving out.
Receipts Under $75
Although tax laws do not require a receipt for purchases under [...]