#small-business
Financial management strategies and tools for small business owners
SBA CAPLines are 7(a) credit lines up to $5M in four types — Seasonal, Contract, Builders, Working Capital — with 10-year terms and prime-based rates.
Form SS-8 lets either side ask the IRS to rule whether a worker is an employee; misclassified workers then pay only their 7.65% share via Form 8919.
Teaming agreements give zero affiliation shelter; small-business JVs exempt members; only a mentor-protege JV lets a large firm bid as small.
Tech E&O covers failed work, cyber covers breaches, media covers published content — tech firms need the first two paired, ideally from one carrier.
A UFLPA detention gives importers 30 days to prove goods sit outside the forced-labor presumption — with a full supply-chain map, not a vendor letter.
Undeposited Funds holds payments received but not yet deposited. Clear it with bank deposits, not journal entries, or your income gets counted twice.
Single-use virtual card numbers lock each AP payment to one vendor and one amount, cutting check fraud while earning rebates of about 0.5% on spend.
Reconcile every balance sheet account, book year-end accruals, and file Forms 1099 on time — a six-phase IRS-ready close checklist for small businesses.
Under U.S. GAAP, a same-lender refinance is an extinguishment when cash flows differ by 10% or more — otherwise it is a modification with a new rate.
Section 280A(g) excludes rent for 14 or fewer home-rental days — but the business deduction needs fair market rent, a business purpose, and a paper trail.
Automated matching cuts the average 6.1-day close to 3.4 days — connect bank feeds, match daily, and clear every exception before month-end.
Bank reconciliation proves your cash balance monthly: match outstanding checks, deposits in transit, fees, and NSF items before the IRS notices the gap.
