Operations

How the 401(k) reduces taxable income for both employers and employees, key features of the plan, and the next steps employers can take.

Networking and Mentorship Opportunities for Black Business Owners

Black business owners and entrepreneurs face unique challenges in growing their businesses. Business networking and mentorship groups can help.

How to Thrive in a Slow-Growth Economy

The U.S. economic engine has slowed, but there's still opportunity to make hay. In this article, we look at three key ways entrepreneurs can build resilience and stay agile by adapting to market change. From managing cash flow, deepening relationships with existing customers, to investing in automation, these are essential strategies for finding your niche and tapping into success.

The 5 Best Mileage Tracker Apps in 2024

Tracking miles can save you money in taxes, but you need to keep organized. Logbooks and paper records can make a mess. These mileage tracker apps keep your car from turning into a rolling filing cabinet.

30 Things Your Small Business Should Automate

Learn how to automate your small business and stop devoting your time to boring tasks. Here are 30 areas of your business you can automate today.

A Closer Look at the Tax Relief for American Families and Workers Act of 2024

The Tax Relief for American Families and Workers Act of 2024 introduces tax relief and adjustments to support American businesses and families, with key provisions for R&D, asset expensing, and child tax credits, effective immediately upon passing through 2025. What does this mean for small business owners?

IRA Contributions 101: What Every Small Business Owner Needs to Know Before April 15

Discover 2023 Roth IRA and traditional IRA limits, including contribution caps, income guidelines, spousal contributions, and tax deductions for retirement planning.

How Unemployment Benefits Are Calculated By State

Each state treats unemployment differently. Wondering how much you're eligible for? Here's a rundown on all the details of the minimums, maximums, and calculations state-by-state.

2024 SBA Loan Forgiveness Deadline Alert: Apply by March 3 for PPP and EIDL Relief

Discover the latest initiatives from the Small Business Administration, offering additional support to PPP and COVID EIDL borrowers.

Boost Your Business with MWBE Certification: A Guide to Success for Minority and Women Entrepreneurs

MWBE certification is a powerful tool for minority and women-owned businesses. It provides numerous benefits such as business development support, government contracts, and networking opportunities. The certification process, while extensive, is well worth it for the growth and success of your business. So, if your business meets the eligibility criteria, don’t hesitate to embark on the journey towards MWBE certification.

When to Transition from Sole Proprietorship to S Corporation: A Guide for Small Business Owners

Switching to an S corporation can shield personal assets, offer tax savings, and attract investors, ideal for businesses facing higher risks and profits. This structure enables legal separation and efficient tax handling. Bench assists in navigating the transition, providing expert bookkeeping and tax services for various business structures.

Dissolving Corporations: Steps, Tax Consequences, and Liquidation

While the decision to dissolve a corporation can be difficult in itself, we’re here to make the process of dissolving a little bit easier.

The Best (and Cheapest) Small Business Insurance [2023]

Accidents happen. If you don’t want them to bankrupt your business, you probably need some kind of small business insurance. We round up the best small business insurance providers of 2023.

Forming a Successful Business Strategy in 2023

Three important considerations for forming a successful business strategy in 2023.

8 Grant Programs for Veteran-Owned Businesses

Veterans are, by and large, an entrepreneurial group. Here are the top 8 grants, training programs, and funding resources for veterans looking to start or grow a business.

9 Ways Your Business Can Take Advantage of Black Friday

Wondering how you can take advantage of the Black Friday rush and stand out from all the noise? Here are nine strategies for small businesses.

Debt Ratio: Interpreting, Calculating, and Optimizing Financial Health

Explore the importance of debt ratio in gauging financial health. Learn its calculation, implications, industry insights, and strategies for optimal financial stability.

Navigating the Nonfarm Payroll Maze: A Guide to Economic Trends

The Bureau of Labor Statistics (BLS) releases monthly Employment Situation reports, which exclude farm workers, certain government workers, and some others, offering insights into the state of the U.S. economy through data on unemployment, hours worked, and earnings. This data, sourced from surveys such as the Household and Establishment Surveys, is crucial for economists, policymakers, and investors to identify economic trends, even though it's subject to some inaccuracies and requires regular revisions.