by Balustrade Creative | Apr 20, 2022 | Business Financing, Financial Advice, Insights To Business
When you own a business, there are several ways that a business can handle income, debts, taxes, and other financial components. Many businesses pay taxes on the income they receive, while others pass the income and tax liability through to its owners. When the...
by Balustrade Creative | Apr 15, 2022 | Business Financing, Financial Advice, Insights To Business
Understanding how you pay yourself as a sole proprietorship can be confusing. When you go into business for yourself, you rarely worry about the structure of your business if you are the only one running it. While this may sound simple, it can spell financial disaster...
by Balustrade Creative | Mar 31, 2022 | Business Financing, Financial Advice, Insights To Business
When you own a business, all of the responsibility lies on your shoulders. Even if you absolutely love what you do, you may get to a point where you simply need to retire and let someone else take over the operations of the business. It’s a bid decision and one...
by Balustrade Creative | Mar 29, 2022 | Business Financing, Financial Advice, Insights To Business, Small Business Funding
An Employer Identification Number is needed to operate any business that will require you to hire employees. Your EIN will be used by the federal government to track your business and collect any taxes that are owed. The IRS has made recent changes that may require...
by Balustrade Creative | Mar 25, 2022 | Business Financing, Financial Advice, Insights To Business, Small Business Cash Flow
Working from home is a dream come true, so is business ownership. Owning a business entitles you to many deductions. Some people hold the mistaken belief that if you work from home, you are limited on the deductions you can take. The fact is, you can take many of the...
by Balustrade Creative | Mar 10, 2022 | Business Financing, Financial Advice, Insights To Business, Small Business Cash Flow
You’re ready to open your business. All you need is a name that is unique and memorable. The ideal name will identify your business and also be something that sticks in the mind of your customers. A solid name will also lay the foundation for your brand. With...
by Balustrade Creative | Mar 4, 2022 | Business Financing, Financial Advice, Insights To Business, Small Business Cash Flow
Your credit utilization is one of the most important driving factors when determining your credit score. Also known as your debt-to-credit ratio, it makes up almost one-third of your total FICO score. The only thing that matters more than how much credit you...
by Balustrade Creative | Feb 28, 2022 | Bad Credit Business Loans, Business Financing, Financial Advice, Working Capital
Today’s farm families are facing some of the hardest times ever. Not only is the economic outlook on the shaky side, they must still deal with all of the other unpredictables that surround farming. Bad weather, poor crop production, and breakdowns in equipment...
by Balustrade Creative | Feb 24, 2022 | Business Financing, Financial Advice, Insights To Business, Working Capital
Owning a business will provide you with an education on how to manage your finances rather quickly. For the most part, when your business is running smoothly, you have few worries when it comes to cash flow. The problems begin to arise when your business hits a...
by Balustrade Creative | Feb 14, 2022 | Business Financing, Financial Advice, Insights To Business, Working Capital
When you own a small business, having sufficient capital is extremely important. Both fixed capital and working capital are equally important if you plan to be successful. Understanding the difference between fixed capital and working capital is important and will...
