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Free Online Tax Tools for Small Businesses

19 Jan, 2017 / Comments:Comments Off on Free Online Tax Tools for Small Businesses / By William Mahnic

The tax season is nothing to take lightly, especially when you own a small business. Paying someone to prepare your taxes might be outside of your budget, but the good news is there are free options available. The internet offers a wealth of information that can help you figure out the best way to go about your taxes this year.   Start with the IRS What better place could you start than with the IRS? Check out the IRS Virtual Small Business Tax Workshop. Not only will this course help you figure

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5 Situations When Your Small Business Can Benefit from a Revenue Share Loan

05 Jan, 2017 / Comments:Comments Off on 5 Situations When Your Small Business Can Benefit from a Revenue Share Loan / By William Mahnic

A revenue share loan is a loan structured differently than a traditional small business loan.  Rather than paying a fixed principal and interest amount each month, you pay back a percentage of your revenue until you have paid a predetermined amount.  These types of loans are very attractive to small businesses who have had difficulty obtaining a small business loan from a bank.  A great example would be, if you borrow $50,000 and your revenue share amount is 5% with a predetermined repayment multiple

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