5 Questions Every Business Owner Should Answer Before Starting a Business
Starting a business requires more than excitement and a great concept. This article covers five essential questions every business owner should answer before launching, including business planning, client acquisition, startup costs, break-even timelines, and knowing when to walk away. By addressing these issues early, business owners can make smarter financial decisions and reduce the risk of costly mistakes. This is a practical guide for entrepreneurs who want to start a business with a clear plan and realistic expectations.
When Should High-Income Earners Max Out Their Roth 401(k) Instead of Pre-tax 401(k)?
While pre-tax contributions are typically the 401(k) contribution of choice for most high-income earners, there are a few situations where individuals with big incomes should make their deferrals contribution all in Roth dollars and forgo the immediate tax deduction.
The Process of Selling A Business - Pitfalls To Avoid
For business owners, selling the business is often the single most important financial transaction in their lifetime. Since this is such an important event, we created a video series that will guide business owners through the
The New PPP Loan Forgiveness Application & Early Submission
It just keeps getting better for small business owners. On June 17, 2020, the SBA released the updated PPP Forgiveness Application. In addition to making the forgiveness application easier to complete, the new application
SBA PPP Loan New 24 Week Covered Period & Additional Changes
On June 3, 2020, Congress passed the Paycheck Protection Program (PPP) Flexibility Act which provided much needed relief to many businesses that were trying to qualify for full forgiveness of their SBA PPP Loan
Coronavirus Relief: $100K 401(k) Loans & Penalty Free Distributions
With the passing of the CARES Act, Congress made new distribution and loan options available within 401(k) plans, IRA’s, and other types of employer sponsored plans.
Coronavirus SBA Loan Forgiveness Program
On March 27, 2020, Congress officially passed the CARES Act which includes the SBA Paycheck Protection Program. This program offers loans to small businesses that can be forgiven if certain conditions are met.
Stock Options 101: ISO, NQSO, and Restricted Stock
If you are reading this article, your company has probably granted you stock options. Stock options give you the potential share in the growth of your company’s value without any financial risk to you until you exercise the options and buy shares of your company’s stock.
