End-of-year taxes are a significant part of tax planning for any business. Even if you’re a sole proprietor with no other employees on your payroll, you can significantly affect the amount of tax you end up paying at year’s end depending on the amount of planning and preparation you put into business tax management.
The hard work of building a company isn’t always as glamorous as it sounds. Small business owners are faced with a number of tough financial decisions in the early stages of growing a company, especially when it comes to finding funding and building a sustainable business model.
Owning your own business comes with a lot of benefits. You make the rules, and you reap the benefits of your company’s success.
One of the most beneficial things you can do when building a small business is pay close attention to your finances. Strong money management skills are essential for generating profits, keeping expenses in check, and maintaining enough liquidity to keep your business solvent.
According to the 2022 Biz2Credit Women-Owned Business Survey1, there are 13 million women-owned businesses in the U.S., and these businesses employ 10 million people.
What I like most about First State Community Bank is when I go into the bank, everybody says, “Hi Joan! How are you doing today?” If I have a family member that’s sick, they ask about him. If I have my granddaughter, they personally speak to her and acknowledge her. They’re friends. They’re not just a bank.”
- Joan M.
First State feels like to us that it’s a hometown bank. It doesn’t feel like a big corporate bank.”
The number one more important thing to me is to be able to walk in and have communication with somebody. When you do need help or you need to put a plan together, First State Community Bank has always been there. They’ve always had a solution.”
- Josh H.
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