Business growth can be exciting. Maybe you’re considering opening another location, hiring more employees, purchasing equipment, entering a new market, or expanding your products and services. But expansion also requires money—and growing too quickly without a financial plan can put pressure on even a profitable business. Before making a major investment in growth, business owners…

Teachers do much more than educate students. Many spend their own money purchasing classroom supplies, books, learning materials, and other resources to help their students succeed. But did you know that some of those expenses may qualify for federal tax deductions? Whether you’re a classroom teacher, school counselor, principal, or other eligible educator, understanding the…

You log into your business bank account and see $40,000 sitting there. Great news—your business made a $40,000 profit, right? Not necessarily.One of the most common financial mistakes business owners make is assuming the amount of money in their bank account represents their business profit. Your bank balance tells you how much cash is currently…

Remote work, business travel, relocating employees, and companies hiring across state lines have made multi-state payroll much more common. But when an employee starts working in another state, it can create more than a simple payroll change. The employer may suddenly have new responsibilities involving state income tax withholding, unemployment insurance, payroll registration, workers’ compensation,…

Losing a spouse can be an overwhelming experience. Along with the emotional impact, a surviving spouse may suddenly be responsible for financial accounts, retirement plans, property, investments, and tax matters that were previously handled together. Taxes may not be the first thing on your mind, but the death of a spouse can create several important…