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What Are My New Business Startup Costs?
Before you launch a new venture, you should take the time to estimate the total capital that will be needed. Startup costs are divided into two main categories: one-time startup costs and recurring monthly expenses. Depending on when you expect to receive payments for your goods and services, it may be wise to begin with several months of working capital.
What Are My Business Financial Ratios?
A regular review of your company’s financial ratios can help you focus on areas that may need improvement. Liquidity, efficiency, and profitability ratios, compared with other businesses in your industry, can highlight any strengths and weaknesses you might have over your competition.
What Are My Tax Savings With Section 179 Deduction?
The Section 179 expensing deduction is a tax break that encourages small businesses to invest in themselves and to purchase equipment sooner rather than later. For 2016, the maximum deduction for equipment purchases is limited to $500,000 of the first $2,000,000 of qualifying new and used equipment, and software placed into service during the tax year they were purchased or financed.