Managing finances can be overwhelming for many small business owners, especially those without a background in finance or accounting. While combining personal and business finances might seem convenient, it often leads to complications in the long run. Separating...
Owning a business requires taking on complex tax responsibilities. Unlike an employee whose taxes are automatically withheld, business owners need to estimate the amount they’ll owe, set it aside, and make quarterly payments. But how much should you be saving and...
If you own a small business, the odds are good that you’ll need an injection of cash from time to time. In 2023, 93% of small businesses with employees faced a financial challenge, according to the Federal Reserve’s 2024 Report on Employer Firms. But why might you...
In the delicate dance of entrepreneurship, modern small business owners face the challenge of growing their businesses while also managing their intricate business finances. In our recent survey, nearly 80% of business owners handle their own accounting and finances....
Since we started back in 2020, not only have our customers been growing and evolving, but so have we. From our beginning as business banking with simple expense management tools, Lili has gradually grown into a platform of smart financial solutions, combining advanced...
The path to small business success is smoother when you are in control of your spending. As you work through the everyday challenges that are a part of running a business, it’s important to avoid slowing your momentum as a result of wasting resources. Efficient...
