When it comes to saving on healthcare costs, Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs) are two powerful tools. But what’s the difference between them – and which one is right for you and your employees? Let’s walk through the key features for each, so you can make an informed decision. What They… Read More

If you’re a business owner, offering health insurance is one of the best ways to support your employees – and stand out in a competitive hiring market. But when it comes to actually choosing a health plan, the process can feel confusing and even a little intimidating. Let’s break it down together. Do You Have… Read More

If you’re a business owner looking to reduce your tax bill, there’s one deduction you definitely want to understand: the Qualified Business Income Deduction (QBID). It’s one of the most generous tax breaks to come out of the Tax Cuts and Jobs Act – but it’s also one of the most confusing. This week, we’re… Read More

Creating a budget is a smart move. Tracking your actual results is even better. But the real magic happens when you compare the two – and then take action. That’s where your Budget vs. Actual report comes in. It’s one of the most underrated tools in your financial toolkit, and today we’re breaking down how… Read More

You’ve got a handle on your balance sheet and your income statement, but there’s another financial statement that often gets overlooked – and it’s arguably the most important: The cash flow statement. Why? Because it shows how money actually moves through your business. It answers a question every business owner has asked at one point:… Read More

Last week we talked about how your balance sheet can be a powerful planning tool – but now it’s time to turn our attention to its financial sibling: the income statement. Also known as a profit and loss statement (P&L), the income statement often gets the most attention because it answers one of the most… Read More

If you’re like many business owners, the balance sheet is something you review at year-end, maybe glance at quarterly, and sometimes hand off to a lender or accountant when needed. But what if we told you that your balance sheet isn’t just a snapshot of your finances – it’s a dynamic tool for planning smarter,… Read More

It’s not news that more than half of all small businesses fail in the first five years. Most attribute that to a lack of demand, but the reality is that most fail due to financial mismanagement.     The good news? By understanding common financial mistakes, you can avoid costly errors and set your business up for… Read More

Just mentioning accounting can cause eyes to glaze. For most, it conjures a vision of endless spreadsheets and a sea of numbers. That’s unfortunate because one of the most renowned names in business, John D. Rockefeller, started his career in accounting, and investor Warren Buffett famously called accounting “the language of business.” Yet, many business… Read More

There’s no doubt that lifelong learning is part of honing business financial literacy, but does that fact entail pursuing a master’s in Business Administration? Currently, 183 MBA programs exist in the United States, and some reports suggest that graduates earn an average of $41,000 more per year than their peers. Before you dive in, there… Read More