As the holidays approach, gift cards remain a popular gift option, but they’re also a target for scammers. These fraudsters use tactics like phishing and tampering with physical gift cards to steal funds before they can be used. To protect yourself and your loved ones this season, it’s important to stay aware of these risks.
Having a well-stocked emergency fund is important. But so is saving for retirement. So how do you know which one to focus on? Well, we’ve got you covered. Here’s what you should know.
Halloween is a time for spooky fun, but it can also bring a scare to your wallet if you're not careful. From costumes to decorations and treats, the costs can add up quickly. Here’s how to manage your Halloween budget and keep your spending under control while still enjoying the festivities.
Now is the moment to turn your attention to your tax obligations. With less than 60 days remaining until the tax deadline now is a good time to prepare your documents and file.
Need a smart strategy to save on essential school supplies? Planning your dream vacation or gearing up for the holiday season? With a club account, you can save for essential school supplies, exciting vacations, and joyful holiday celebrations, making your financial goals more attainable and stress-free.
In addition to the usual chaos of the holiday season, year-end can bring a lot of anxiety to small businesses. They come face-to-face with the ambitious goals they created in January, for better or for worse! Either way, now is the time to close out the year as strongly as possible and prepare for a successful New Year!
If your business is on track to bring in far more in profits than you initially anticipated, congratulations! Naturally, this also means that the IRS will want to share in your success. Be sure to meet with your accountant in November to review your projected year-end numbers and plan for tax time so you aren’t hit with a big surprise in April. You may even be able to spend or re-allocate some funds before December 31 to reduce your tax liability, so don’t delay!
For some small businesses, this has been a year of ups and down. The holiday season and year-end financial responsibilities may also mean more expenses and less immediate revenue. If this sounds like your business, you may need to prepare for a cash shortfall in the coming weeks and months. In addition to doing whatever you can to bring in more revenue, you may also want to consider getting a helping hand from Merrimack Valley Credit Union. A small business loan or a line of credit could carry you into next year while you wait for customer payments or year-end sales to come in.
Contact our Business Services professionals to learn more about the opportunities that may be available to you, and what will work best for your situation.