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What a WIP schedule actually tells you (and why your banker cares)
A work-in-progress (WIP) schedule is a project-by-project financial report. For each active job, it lays out how much work you’ve completed, how much you’ve billed, what the job will probably cost by the time it wraps, and whether you’re sitting overbilled or underbilled today. A strong WIP schedule earns your banker’s trust, sharpens your decision-making, and protects your margins.
From workshop to world stage
As America marks its 250th anniversary, there is no shortage of remarkable innovations to celebrate. From the cotton gin and the telegraph to the airplane and the microchip, American ingenuity has transformed lives around the world and expanded our very notion of what’s possible in the future.
Main Street endures
America is 250 years young. Beyond America’s textbook history lies another enduring story. It’s a story that has unfolded on Main Streets in communities large and small during all those two and a half centuries, from blacksmiths and candle makers to web designers and dropshippers. It is the story of the small business owner.
The original entrepreneurs
When Americans think about the nation’s Founding Fathers, that many of these leaders were entrepreneurs is a defining characteristic often overlooked. Their endeavors contributed to the massive economic bet made on hopes and dreams for a successful future of enterprise.
The entrepreneurial edge
America’s economic story is often told through the rise of major industries and breakthrough innovations. But beneath those milestones is a more practical reality: from the beginning, the nation’s growth has been driven by entrepreneurs who approached problems differently and made better decisions because of it.
Fail forward
Failure is often viewed as something to avoid. In many environments, business setbacks carry lasting stigma, discouraging future risk-taking. Yet one of America’s enduring entrepreneurial advantages has been a different mindset: the ability to recover, learn, and come back stronger.
The next founders
Today’s founders are building in a fundamentally different environment than any generation before them. Artificial intelligence, global markets, venture capital ecosystems, and digital distribution have erased or greatly diminished traditional barriers to entry and raised expectations for speed and scale. They move quickly, but they build on principles that have defined successful enterprises for generations.
Retainage is holding your cash hostage. Here’s how to plan around it.
Retainage is predictable when you plan for it and painful when you don’t. The contractors who manage it well treat it as a known cash flow constraint, build it into every forecast and follow up aggressively on release. With the right financial planning, you can stop letting retainage dictate your cash flow.
Filed an extension? How to use the time between now and October 15th
Filing a tax extension buys you time, but only if you use it wisely. From revisiting your April payment estimate to gathering missing documents and staying on top of current-year obligations, the months between now and October 15th are a valuable planning window. Read on to learn how to make the most of your extension and avoid a costly repeat of the same tax challenges next year.
Federal innovation grants for small businesses renewed through 2031
The Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs have been reauthorized and extended through September 30, 2031. The reauthorization includes several notable changes, including higher funding ceilings, expanded agency participation, new foreign-entity security screening requirements, and a new large-award allocation for qualifying businesses. Small businesses engaged in applied research and development across a broad range of industries should take note of these programs as a potential source of non-dilutive grant funding.
Why financial strategy must evolve over time
Effective financial planning isn't a one-time event, it's an ongoing process that must adapt as your life, income, and goals change over time. From building early savings to navigating tax strategy in peak earning years to preparing a sustainable retirement income, each life stage brings new challenges and opportunities that a static plan simply can't address. Read on to learn how a lifecycle-based approach to financial planning can help you make smarter, more coordinated decisions at every stage of the journey.
Newly married this year? The tax changes couples miss
Getting married triggers significant tax changes that catch many couples off guard, from a new filing status that takes effect the moment you say "I do," to withholding gaps that can result in an unexpected tax bill in April. Beyond filing and withholding, newlyweds also need to address name and address updates, healthcare coverage decisions, HSA eligibility changes, and dependent-related credits before year-end. Tackling these adjustments proactively, rather than waiting until tax season, helps couples avoid penalties, protect their refunds, and start their financial life together on solid footing.
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