Wouldn’t it be great if there was an oracle with a crystal ball that could predict your business future? What if there was something better? What if there was a way to look into your business’s future, predict it, and shape it? There is! It’s called trend analysis, but instead of a crystal ball, you… Read More

Every day small businesses pile up financial data. And it usually goes unused when it could be a source of explosive growth. This problem has many reasons, but lack of time and knowledge tops the list. Today we will address those two fundamental problems so you can use financial data to grow your business. We’ll… Read More

Capital. Cash. Money. No matter what you call it, every business needs it, and sometimes that means taking out a loan. But loans come with many decisions, and one wrong move can jeopardize your business plans. Fortunately, you aren’t alone in the decision process. Today, let’s look at the world of business loans and see… Read More

Last week, risk assurance was on the menu at the More Than Money Blog. And while it’s an excellent process for showing you where the business landmines are, you will need financial process reengineering, or FPR, to get you through them. Let’s examine what FPR is, why it is important for your business, and how to implement… Read More

Remember having growing pains as a kid? You’d complain about that weird achy feeling, and then Mom or Dad would explain you were getting taller. You might be experiencing that same feeling as your business grows. It’s exciting but scary; you might want someone to tell you how to handle it. That’s what risk assessment… Read More

When tax season is over, most people want to forget about it. But after all the discussion with your accountant, after everything is paid and filed, there’s still one critical step, tax record retention. Keeping track of your tax records is as essential as filing them on time. In this post, we’ll tell you the… Read More

Looking at the consumer debt landscape in America can be a little disturbing. Between mortgages, car loans, credit cards, student loans, and personal loans, the average consumer debt per household in the U.S. in 2021 was over $100,000, according to a recent Experian study. And the overall U.S. consumer debt in December 2022, was $14.96 trillion,… Read More

By this point, many Americans have already received their tax refund. If you’re unsure what to do with yours, that’s okay. The average refund by March 1 of this year was $2,933, so how you handle it is no small decision. It’s better to take your time reviewing your options than make a hasty mistake.… Read More

This is week three of our series covering retirement and taxes. So far, it’s all been about Roth and traditional IRAs, but this week will be a bit different. We’ll look at the 401(k), another fundamental retirement vehicle that can help keep Uncle Sam out of your pockets. What is a 401(k), and why should you care? A… Read More

Last week we started a series on retirement planning and personal taxes, looking at the Roth Individual Retirement Account or Roth IRA. This post will examine what a traditional IRA is, its benefits, and potential risks. We’ll also compare the two so you can make the best possible decision for your retirement savings plan. What is… Read More