by First Bank of the Lake | Nov 23, 2023
Take Advantage of These Tips During Tax Time If you own a small business, hiring a family member is the same as hiring any other person — with a couple of important exceptions. When you employ your children or even your parents, you might be eligible for significant...
by First Bank of the Lake | Oct 26, 2023
Keep More Money For Your Business A net effect of the pandemic has been large increases in property value, including commercial spaces. While an increase in commercial property value can be a big win for your business, it also carries the burden of higher commercial...
by First Bank of the Lake | May 31, 2023
Small Mistakes Can Mean Big Trouble Managing the way money flows into and out of your business is critical to set yourself up for long-term success. If your books aren’t balanced and in check, it can create financial and legal problems that may derail your momentum...
by First Bank of the Lake | Apr 24, 2023
A Closer Look at the Tax Rules and Requirements You’ll Need to Know About Once Your Business Becomes a Corporation Incorporation is a serious step, and it comes with major implications for every aspect of your business — including the taxes you pay. Here’s a closer...
by First Bank of the Lake | Jan 25, 2023
This Tax Deduction is an Important Tool for Small Businesses The Section 179 tax deduction is an important tool for small businesses. Instead of buying eligible business equipment and spreading out tax deductions for it over a period of years based on depreciation,...