General

Taxes can be a confusing element of business ownership, but understanding the deductions for which you may qualify can give your financial health a serious boost. Your small business may be able to take advantage of a range of tax deductions that can optimize your profit. Let’s take a look at a few deductions and…

A New Year’s Checklist for Your Small Business As you transition into a brand-new year of small business ownership, pause and engage in a thorough evaluation of the past year’s highs and lows. Don’t just set new goals; develop a comprehensive plan to achieve them! A new year signifies new beginnings and fresh opportunities. It’s…

In the ever-changing world of entrepreneurship, a set of vital skills separates the successful from the struggling. These management skills aren’t just about great ideas or a knack for innovation; they’re about leading a team, making strategic decisions, and navigating growth phases. Let’s take a look at the management skills every successful entrepreneur has. Strategic…

As a small business owner, you are the driving force behind your enterprise. You make important decisions and chart the course for your business’s future. However, none of this would be possible without the dedicated team that works alongside you. Your employees are your small business’s most significant asset, and you are responsible for investing…

Small businesses serve as the vibrant and dynamic backbone of our economy. However, these entrepreneurial ventures are not immune to the cyclical nature of economic downturns. Sooner or later, the economy inevitably enters a recession phase—a period characterized by reduced trade and production. Due to their size and limited resources, small businesses often bear the…

For your small business to grow sustainably, you’ll need to allocate your budget toward the things you need most. Leasing equipment, as opposed to purchasing it outright, can be a strategic financial decision with a host of benefits. Make an informed choice by learning more about the upsides of leasing equipment for your small business.…

Congratulations—you’ve landed on a business idea that can benefit your community while turning a profit! In order to get your idea off the ground, you’ll need to incorporate your business as its own entity. Take these steps one at a time, and you’ll soon be a proud and proper business owner. Choose a Unique Name…

If you’re hesitant to take out a loan or use a unique financing option to fund your business, you may think using your own money is a better idea. However, you have a limited amount of money, so you’re limited in what you can do with it. On the other hand, when you’re not spending…

What is a ROBS, and how can you use one to your advantage as you grow your small business? ROBS is an acronym for Rollover for Business Startups, a financial strategy that allows you to roll over your 401(k) funds into a new retirement plan established by your business—tax penalty-free. The business retirement plan uses…

If you have an innovative new idea that can fill an open niche in your community, channel that entrepreneurial spirit into a brand-new business. Starting a business always carries some risk with it, but you can embrace that risk and turn it into an opportunity! These pro tips are designed to help every aspiring entrepreneur…

If your regular day job has a 401(k) program, you’ll do well to take advantage of that savings opportunity. 401(k) retirement accounts offer tax advantages to individuals who contribute a portion of their paycheck to that investment account. What should you know about contributing to your 401(k)? Pango Financial is here to offer a few…

If you’d like to use your own funds to give your small business a boost, you may be in luck—several common retirement plans work with rollover business financing, or ROBS (Rollover for Business Startups). Stand on your own two feet by using one of these retirement accounts to fund exciting new business ventures. 401(k) Do…