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

As the year ends and a new one begins, every small business owner plans to do better than the previous year. To kickstart the new year, grab a pen and paper, write down some resolutions and hold yourself accountable! Resolutions will help you drive forward and maintain momentum. Plus, having them on paper is a...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

Short-term and long-term debt are two options businesses have for borrowing money. The main difference between the two is the repayment period. When deciding which type of debt to use, companies should consider the repayment period and the interest rate but understand both options entirely. Long-term debt Also called long-term liabilities, this is any financial...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

Dissolving a company, or going out of business is a tough process. Even after a company closes, outstanding debt does not go away. This includes money owed to employees, landlords, suppliers, utilities, service providers, and even banks and private lenders. You can limit your liability by notifying creditors of your closure, but you still need to...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

There has been a major development in the online alternative lending industry, making it easier to get qualified and approved for business loans, debt resolution, and consolidation. However, this option has also opened doors to online scams, hackers, and fraud. The pandemic has increased this problematic activity making small businesses more vulnerable. Now, thieves are...Read More