Tax administration is complex, time-consuming, and expensive for many small businesses, diverting resources that could be directed towards improving operations and generating growth. Statistics show that one in three small businesses spend more than 40 hours each year...

Spring training season is officially underway; and for baseball players and fans, it represents a time of year when the playing field is level for every team and anything is possible. For many small business owners, the first few months of the year may also be ripe...

Small businesses come in many shapes and sizes—so do their offices. Contemporary workplaces have become more diverse and creative in terms of layout and design, which can make it challenging to decide on a style that best suits your company’s workflow, culture, and...

Why is it that nearly 600,000 new businesses are started each year? There are plenty of reasons why entrepreneurs strike out on their own, ranging from personal fulfillment to giving back to their community. At Summit Financial Resources, we believe that running your...

At Summit Financial Resources, we see cash as the lifeblood of any small business and the key indicator of financial health. Cash flow is necessary for everything from purchasing inventory and meeting payroll to paying taxes and keeping daily operations humming. Many...

Every business has occasional cash flow problems. This can happen no matter the size or health of your company or the industry you operate in. For many small businesses, fluctuations in income, supply costs, and market conditions can result in inconsistent cash flow....

No matter the industry, emerging technologies continue to reshape how businesses operate. Whether expanding their consumer base, improving operating efficiencies, or increasing customer or staff engagement, small business owners can now employ technology that, as...

The Tax Cuts and Jobs Act (TCJA) passed in December 2017 made significant changes to the income tax laws for 2018 and beyond. The new legislation introduced some major adjustments to business tax law, including a lower corporate tax rate, new rules for pass-through...

Marketing is essential to the profitability and growth of any small business. While many business owners understand the value of promoting their company brand and creating compelling and consistent messages that connect with their ideal audience, they often don’t have...

As a small business owner, it’s critical that you and your business are considered good credit risks. Establishing and maintaining creditworthiness can mean the difference between whether or not a supplier decides to do business with you, what credit terms and...