ENB Insights

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.

This is a question we receive quite often at ENB. However, before we talk about how a home equity loan and home equity line of credit are different, it’s important to note how they are the same.

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.

Economic fluctuations can cause financial hardships for anyone, at any time. While financial planning is often viewed as the means for preparing for retirement, and something that younger adults may not need to be concerned with, establishing a savings safety net is the best way for adults of all ages to prepare for the unexpected. In a recent American Payroll Association…

Deciding when it’s time to consolidate your student loans is easy. Perhaps your monthly payment has become unmanageable, you’re tired of receiving multiple student loan bills each month or you’d just like a fresh start on your loans. But choosing your repayment option isn’t always easy. Since you don’t know what your financial situation will look like in the future…

When you need the equity in your existing home to buy a new one, selling your home ASAP is top priority. But, when the offers aren't coming as quickly as you like or for the exact amount you need, you might wonder if you can afford to make a move. A swing/bridge loan might be the solution. These loans offer a way for you to access your current home’s equity so you can close on your dream home before it's sold to someone else. 

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.

When you start hearing wedding bells, there’s a lot to think about. One thing that often gets overlooked is student debt. Many people don’t know all of the implications that go along with student loans and marriage. There are numerous details, and it can definitely get confusing. So, we’ve compiled some key considerations to discuss before tying the knot.

Congratulations - your home loan application has been approved! These life-changing words are the hope of many would-be homebuyers. Qualifying for a home mortgage can seem like the biggest hurdle to homeownership. But a mortgage loan approval doesn't mean you can actually afford your dream home. When mortgage lenders approve an application, specific lifestyle expenses are not factored into the decision.

When you graduate college, adulthood tends to hit you all at once and you’ve probably got the financial documents to prove it. If you’re like most recent grads, the piles of paperwork on your coffee table may include some late bills, your diploma and more receipts than you know what to do with.