August 2nd, 2012
As your business grows and experiences success, you will need additional capital to sustain its expansion. Although times are getting better, it still can be extremely difficult for a startup or small business to receive a bank loan. According to BizCredit, 9 out of every 10 loan applications end up getting rejected. If you are part of that 90%, what are you going to do? Don’t lose hope yet! At The Tax Club, we want to see your business grow and succeed! Here are some alternative financing options that your small business might want to explore:
Government Backed Loans: The SBA has been extremely helpful in providing loans to small businesses that have exhausted traditional lending channels. How it works is, the SBA will guarantee a percentage of the loan, which is given by a private lender; the organization will guarantee up to 90% in some cases! Preferred SBA lenders… Read the rest
May 8th, 2012
So you’re starting your own business? You have put countless hours of time and energy into securing your capital, have spent sleepless nights going over the details of your business plan, but we would bet there is one thing that you probably have not given enough thought to; the name of your business! A business name can be a severely underestimated and powerful tool when it comes to your company’s visibility and rise to success. Words can deliver pretty powerful messages; you want your message to be appropriate, enticing, and memorable. Here are some of The Tax Club’s best tips to consider when coming up with a name for your business!
Get Your Message Across: The name of your business is the first step in creating your company’s identity and brand image. Your name should give some sort of clue as to what service you provide or what product… Read the rest
March 28th, 2012
Starting a business? One of the first steps you will take towards establishing a solid business plan and foundation will be legally incorporating your business entity. Determining which legal structure is right for you and your startup is crucial, and will play a significant and consistent role throughout the duration of your company’s lifetime, especially when it comes to how your business will be taxed. The three most popular forms for small businesses are C corporations, S corporations, and Limited Liability Companies, more commonly known as LLCs. Every entity type has their advantages as well as disadvantages. It is important that you are knowledgeable on how each type will affect your company structure, as well as your bottom line. Give us a call today if you would like for one of our accountants to walk you through this process!
C Corporations: When a small business incorporates, it automatically… Read the rest
February 14th, 2012
Valentine’s Day, a day that began as a celebration of the one or more early Christian martyrs, Valentinus, has morphed into not only one of the most romantic days of the year, but one of the biggest gift giving days as well. All you lovebirds out there are not the only ones who benefit from today, but many businesses do as well! The National Retail Federation expects consumers to spend $17.6 billion this year on Valentine’s gifts and activities for not only their lovers, but for their friends, family members, and even their pets! In a January survey, results showed that consumers, on average, will spend $126.03 for the holiday. This is an 8.5% rise from last year and the highest amount the survey has seen in its 10 year history!
From candy shops, to restaurants, to jewelers, Valentine’s Day provides a lucrative boost of sales during the somewhat… Read the rest
February 7th, 2012
Business Insider - Your employees might not hate their jobs, but that doesn’t mean they’re motivated to do any more for your organization than they have to.
A new report by the Society for Human Resource Management found that 83% of American employees in 2011 were satisfied with their jobs, but far less — only a little more than half — were actually focused and enthusiastic about their work. (Read the rest of this article at www.businessinsider.com)
The article also quotes “Since one of the most important things to employees was the opportunity to use their skills and abilities, the report suggests that employers can improve job satisfaction and engagement by tapping the talent within the organization instead of hiring from outside.”
So, how can you do this? As a small business owner, how can you motivate your employees? Here are what we at The Tax Club believe to be some of the… Read the rest
January 17th, 2012
President Obama announced last Wednesday that he will begin a new initiative aimed at “bringing jobs home” to encourage US based companies to bring their manufacturing facilities back to the United States, as well as promoting investment in US factories by foreign companies. The goal is to bring manufacturing jobs that were once moved overseas, back to the United States, by providing tax incentives, the details of which have not been released yet. ”My message to business leaders today is simple: Ask yourselves what you can do to bring jobs back to the country that made our success possible. And I’m going to do everything in my power to help you do it,” Obama said after meeting with the executives at a White House forum to discuss ways to boost domestic investment.
In the past two years, we have seen an increase in manufacturing jobs returning… Read the rest