An ENB customer drinks coffee and looks at epnb.com

Category: Business Resources

November 17, 2021

Your Guide to Preventing Accounts Receivable Fraud

Every year, businesses across the U.S. lose tens of billions of dollars to employee fraud – and accounts receivable departments are a frequent target. Unfortunately, the risk of accounts receivable fraud – or “accounts deceivable” – is especially high for small and midsized businesses, which may handle large volumes of delayed payments but lack the resources and personnel to establish robust…

October 14, 2021

7 Time Management Strategies for Small Business Owners

Peter Drucker, the founder of modern management, once said, “Until we can manage time, we can manage nothing else.” For small business owners, that’s easier said than done. It’s very common for entrepreneurs to work long hours under the pressure of heavy workloads, aggressive deadlines, and the need to grow revenue. But overworking without employing effective time management strategies can lead…

September 15, 2021

Business Valuation: What It Is and Why You Need It

Do you know what your business is worth? The 30 million small businesses in the U.S. are a tremendous force in our economy, and a valuable part of our local communities. But many – perhaps most – small business owners don’t know the true worth of their own enterprises. And that’s understandable. Entrepreneurs have to stay focused on day-to-day operations, and sometimes…

May 28, 2021

Small Business Succession: How to Plan Strategically

If you’re starting to think about retirement, it’s understandable if you don’t simply want to sell your business to an outside buyer and walk away. Your business is part of your legacy, and you want to see it continue to flourish and support the loyal employees who’ve helped you build it. But have you created a roadmap for how you will…

April 30, 2021

Retirement Plans: A Guide for Business Owners

Setting up a retirement plan is one of the best ways to ensure your business is helping you and your employees build a financially secure future. Unfortunately, the smaller a business is, the less likely it is to offer a retirement plan. According to the SCORE Association, just 28% of businesses with fewer than 10 employees offer retirement plans. Small-business owners…

April 01, 2021

Business Taxes: Ideas for Last-Minute Filers

For most of the year, focusing on running your business can take priority over focusing on your taxes. As a result, it can be easy to put off filing your taxes, especially this year, given the many new challenges that business owners are facing. With Tax Day looming, if you haven’t done your business taxes, the last-minute scramble to track down paperwork and crunch numbers can feel overwhelming. Especially if you’re new to running a business. If you’re one of the many last-minute tax filers out there, we want to help by sharing a few tax planning strategies to help you save time, reduce the stress of filing, avoid costly mistakes, and make the process easier next time around.

March 09, 2021

Business Tax Tips That Help Your Workers (and Your Bottom Line)

Running a small business is a balancing act. On the one hand, you’ve got to focus on your bottom line. On the other hand, you need to support the well-being of the employees that keep your business going. You can do both by finding ways to support your workers’ financial wellness. Particularly now, during the COVID-19 pandemic, employers of all sizes are recognizing the importance of helping their workforce stay financially fit. Experience has shown that financially secure employees are more productive and dependable. If you want to boost your employees’ financial wellness – and your bottom line – these employee-friendly tax strategies are a great start.

February 11, 2021

Protect Your Payroll: Tips to Stop ACH Fraud

Paying employees by direct deposit is a win-win. If you’re an employer, completing payroll electronically – via Automated Clearing House (ACH) transactions – gives you more control over disbursements, saves time, and helps eliminate the costs associated with paper paychecks. Meanwhile, your employees can be sure their paychecks arrive on time, don’t have to worry about lost or stolen checks, and don’t need to run to the bank every payday. However, because ACH transactions are so common, and highly automated, they’re definitely a target of criminals. In this article, we provide tips for keeping your business safe.

November 16, 2020

Protect Your Small Business From Cyberthieves

As the owner of a small business, day-to-day operations keep you busy. Whether you're attending to your customers' needs or planning a new product launch, cybercriminals count on these and other necessary tasks to distract you from noticing their nefarious activities. Fortunately, you can protect your business from falling victim to cybertheft — including business wire fraud — by taking a few simple steps.

September 18, 2020

Getting Control of Business Spending

What’s the cost of doing business? For many businesses, answering that question is harder than it seems. The process for handling expenses varies from one business to the next, and many business owners have less control of expenditures than they’d like. This can lead to wasteful spending and other losses, potential cash flow problems, and a greater administrative burden. If you want…

Contact us and we’ll answer your questions.