The arrival of summer brings a host of challenges for small businesses. Whether it’s due to customers going on vacations, the heat reducing foot traffic, or a shift in spending priorities, many small businesses experience a noticeable dip in sales during the warmer months. However, with the right strategies, you can survive the summer lull...Read More

Celebrating National Small Business Month: A Tribute to Entrepreneurs May is National Small Business Month, an annual event that celebrates the invaluable contributions small businesses make to the economy and society. This month serves as an opportunity to recognize the hard work, innovation, and resilience of entrepreneurs who create jobs, drive growth, and add vibrancy...Read More

When it comes to small business taxes in the third quarter (Q3), there are a few important considerations. Here are some key points to keep in mind: 1.         Estimated quarterly tax payments: Small businesses, especially those structured as sole proprietorships, partnerships, LLCs, or S corporations, may be required to make estimated quarterly tax payments to cover their...Read More

Third-party financial intervention can be advantageous for a struggling small business in several scenarios. Here are just a few circumstances where American Finasco can assist: Debt restructuring and negotiation: If a small business is burdened with significant debt and struggling to meet its financial obligations, we can help with debt restructuring. This involves renegotiating loan...Read More

There are several strategies that small businesses can implement to improve their performance during the summer season. Here are some suggestions: Offer summer promotions: Create enticing offers, discounts, or packages specifically tailored for the summer season. Consider seasonal themes or tie-ins to attract customers and drive sales. Refresh your marketing efforts: Update your website, social...Read More

All debtors are not created equal when comparing (or collecting) business and consumer debt. But that doesn’t mean that debt collectors have all the power. Read on to learn other options when facing a commercial debt collection situation. The Law has few limits on commercial debt collectors. State and Federal Laws protect consumers facing debt collection...Read More

Short-term debt Also known as current liabilities, a company’s financial obligations are expected to be paid off within a year. Short-term debt is often used to finance day-to-day operating or unexpected expenses. The repayment period is short, usually 12 months or less, and requires higher monthly payments. Short-term debt may be a good option if...Read More

Owning your own business has many advantages. It can be extremely rewarding, and you are your own boss. It allows more independence and time for non-work activities, plus you do what you love!  But it also means you can never “take your eye off the ball” or walk away at closing and forget the business...Read More

Business Debt Relief can reduce business debts, pay creditors, and ensure your business is still profitable! Eliminate those harassing collection calls by using American Finasco’s debt management services. Specializing in both short and long-term debt, we will work to reduce or eliminate all debts, not just credit card balances. Our fees are based on how...Read More

If you own a small business without a dedicated bookkeeper or accountant, there’s a possibility you aren’t covering the basics. But it’s still early in the year, and there is time to put in place some best practices for an easier tax season.   Here’s what you SHOULD NOT do:   Let receipts pile up....Read More