Floods and other unexpected disasters can devastate a business. The Iowa Western SBDC is here for all businesses affected and can help in any capacity to hel...

As soon as you start accepting or spending money as your business, you should open a business bank account. Common business accounts include a checking accou...

Establishing and managing business credit can help your company secure financing when you need it, and with better terms. Business credit can be crucial for ...

The balance sheet is the foundation of managing your finances. It operates as a snapshot of your business financials. It helps you keep track of your capital...

Before you decide if one of these options is right for you, make sure you know the basics of franchising and buying an existing business. The main difference...

Start with a balance sheet The balance sheet is the foundation of managing your finances. It operates as a snapshot of your business financials. It helps you...

Attend our Lunch and Learn on March 28th with Chad Brown, CPA and see how the new tax reform will affect your small business. 90 percent of all business are ...

The passage of the Tax Cuts and Jobs Act, proponents and opponents are offering different versions of the “winners and losers.” One type of taxpayer, in part...

Accounting for revenue and expenses can help keep your small business finances running smoothly. Make sure you maintain proper bookkeeping and have a basic k...

The form of small business you operate determines what taxes you must pay and how you pay them. The following are the five general types of small business ta...

Your Employer Identification Number (EIN) is your federal tax ID. You need it to pay federal taxes, hire employees, open a bank account, and apply for busine...

Once you’ve determined all the assets you need for your business, you can decide whether you should buy or lease them. Lease Leasing can be a good option if ...

A surety bond There are four types of surety bonds: Bid Bond: Ensures the bidder on a contract will enter into the contract and furnish the required payment ...

The SBA is not your only source for a small business loan. State and local economic development agencies, as well as numerous non-profit organizations, provi...

Working capital is defined as the difference between current assets and current liabilities. Current assets are the most liquid of your assets, meaning they ...

Small Business loan How the Debt-to-Worth Ratio Affects Your Loan Application Strong equity with a manageable debt level provides financial resiliency to hel...

Cash is the most commonly accepted and reliable form of payment for a business. Many small businesses operate as “cash only” merchants. Years ago this wouldn...

Five Tips for Buying Business Insurance Use these steps to assess what types of insurance are best for your business, and how to secure coverage to provide a...

By extending credit to your customers, you give them the option to purchase products or services today and pay for them at a later date. When your business a...