Under the right tax-advantaged plan, small business owners and the self-employed can save for retirement and support year-end tax planning. Two easy-to-administer options are Simplified Employee Pension (SEP) plans and Savings Incentive Match Plans for Employees (SIMPLEs). We compare factors such as eligibility, contribution limits, catch-up contributions and more.

Business loans made to family members must be structured properly and follow certain rules to avoid IRS scrutiny and other issues. This article provides five tips to keep in mind if an adult child or other relative approaches you looking for financing. For example, loans should carry interest at market rates.

Transitions can cause tension and resistance among even your most loyal employees. So, if you're planning a merger, restructuring or even a new paint color in the office, take some time to involve everyone and allow for discussions. And after the change occurs, monitor the results to help ensure it's successful. Read on for six tips that can help smooth the bumps.

Assuming your business doesn't take customers' money at the register, you've likely experienced some struggles with collections. It can be a delicate balance between allowing some leeway for late payments and holding customers accountable for paying on time and in full. This article offers seven strategies for boosting collections and strengthening cash flow.