Category: Uncategorized

Cash is tight for many small businesses as they navigate the changing economy during coronavirus. One option for helping to improve your cash flow and protect your credit is to get a loan deferment. This allows you to stop making loan payments for a period of time while you help your business get back on track.  Can you defer your small business loan? And should you? Let’s look at both questions.  Deferment Vs. Forbearance First, it’s important to understand the… Read More

There are many differences between being self-employed and working for someone else. However, the taxes you owe the federal government aren’t one of them.  If you’re self-employed, you’ll still pay the same income tax as people who earn a living in the form of a paycheck or wage paid by an employer. You’ll still owe Social Security and Medicare taxes to boot (possibly at a higher rate), along with potential state income taxes depending on where you live.  As a… Read More

There are numerous financial metrics you can use to monitor the success of your business. If you’re not currently tracking your company’s profitability ratios, you probably should be.  Read on for a breakeddown of what profitability ratios are and how to calculate them. You’ll also discover why this information matters to your business in the first place.  What Are Profitability Ratios?  Profitability ratios measure a company’s ability to earn a profit relative to its sales revenue, operating costs, balance sheet… Read More

Buying a rental property isn’t always an easy process. To become a landlord, there are a lot of responsibilities you’ll need to check off your to-do list. First, you need the right investment property. Then you need to qualify for an affordable investment property loan to make the purchase. But once you complete these initial steps, owning an investment property can potentially give you access to a lot of benefits.  Learn What Rental Property Mortgage Rates You Qualify For *When… Read More

Starting a business is always a risky endeavor, but it can be especially so if you’re struggling with your personal finances. Student loan debt is an oppressive burden for many college graduates. According to Student Loan Hero, class of 2018 graduates left school with $29,800 in student loans. While building a successful business can make it easier to handle your student debt later on, it’s important to have a plan to manage it responsibly until you achieve that goal. Here… Read More