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What Are Your 2021 Federal Tax Rates for Your Business?

Here we’ll give you a bit of insight into what small business tax rate you’ll be facing next tax season. In light of the Tax Cuts and Jobs Act of 2017, it’s no surprise that businesses are facing some changes when it comes to their tax filing this season.

What Are the 4 Main Components of Working Capital?

Working capital is essentially the difference between your company’s liquid assets and its short-term liabilities. It measures how much your business has on hand to cover day-to-day operations. You can use it as a metric to guide your growth and purchasing decisions. Potential creditors and business partners also consider working capital when judging a company’s […]

How Do You Manage Working Capital?

Working capital—the measurement of a company’s liquidity and ability to cover its day-to-day operations—is fundamental to all businesses. When you subtract your firm’s current debts from its liquid assets, the number that remains is your working capital. Ideally, your company should have enough working capital to meet its obligations, plus some left over to cushion […]

Can You Predict Your Business’ Financial Forecast?

Calculating financial forecasts can guide your actions and optimize your performance, setting the stage for further growth and success. But do you have an effective system in place to make these predictions?

How to Read Financial Statements

A financial statement demonstrates how a business has utilized the funds it has received from stockholders and lenders. In this way, these statements speak volumes about the executive strategy and offer a sense of transparency for those who have infused their own funds into the business’ mission.