Business News

Are you thinking of starting a small business, but news of economic uncertainty makes you think twice before taking that leap? While recent years have been challenging for startups, advances in technology and financial assistance also open you up to unique opportunities. Check out some of the most common small business trends happening in 2023;…

The SECURE 2.0 Act is an update to a previous law called SECURE: Setting Every Community Up for Retirement Enhancement. The goal of this updated legislation is to provide more opportunities for employees to build their nest eggs. As a small business owner, you may be wondering how the new SECURE 2.0 Act could affect…

In 2019, Congress passed the SECURE Act (Setting Every Community Up for Retirement Enhancement) in an effort to encourage workers to save more for their golden years. In December of 2022, Congress added more provisions to the SECURE Act, with more set to roll out in the years to come. The latest edition of the…

Your business’s ownership structure is an essential element that determines its function in your community. It’s one of the first decisions you’ll have to make as an entrepreneur, so you must use your long-term business goals and current financial situation to guide your choice. The legal structure you choose for your company will define which…

While some jobs, like construction and food service, are incompatible with remote work, others can be done perfectly well from the comfort of a home office. Whether corporations like it or not, working from home is here to stay—and that’s not a bad thing at all. In fact, there’s a whole host of benefits to…

No matter what type of small business you run, you can’t keep it going all by yourself. By hiring quality employees for your small business, you increase the company’s productivity and set it up for long-term success. As you prepare to start the interview process, keep these tips from Pango Financial at the forefront of…

Now that the new year is upon us, it’s time to brainstorm a fresh set of goals for your small business. Whether you want to pay off debts or expand your business to a new location, set some achievable financial resolutions for your business this new year. Pango Financial is here to help you get…

Funding your small business with your 401(k) fund is a great way to get your startup off the ground without going into debt. After all, the money’s already yours—you spent years accumulating those funds with your hard work. Now it’s time for all that hard work to pay off on your terms! Some entrepreneurs choose…

How do you want to grow your small business in the new year? Learning to set manageable small business goals requires knowing what you want to achieve before you reach for the stars. Once you have a direction in mind, you can break down those goals into smaller steps. To help you sort out your…

If you’re looking at your 401(k) retirement account as a possible source of funding for your business, you need to think ahead. What effect does 401(k) business financing have on your taxes? Pango Financial has compiled a quick guide to highlight the effects of this financing method on your future tax filings. 401(k) Loans vs.…

How can you invest in your future with ROBS financing? If you’re considering going into business for yourself, your retirement account can be an effective source of startup funding. With a Rollover for Business Startups (ROBS), you create a 401(k) program in your business’s name and roll your existing funds into the new program. This…

As a small business owner, you probably have more on your mind right now than just the holidays. Many businesses experience crunch time during December to make sure everything on their end-of-year checklists is crossed off. By taking the time to complete these items by year’s end, you’ll be off to a strong start come…