The Wave | Sept

Florida Credit Union is a state-chartered, full-service financial institution serving 91,000 member/owners. Membership is open to all residents of Alachua, Baker, Bradford, Citrus, Clay, Columbia, Dixie, Duval, Flagler, Gilchrist, Hamilton, Hernando, Jefferson, Lafayette, Lake, Leon, Levy, Madison, Marion, Nassau, Orange County, Pasco, Polk, Putnam, Seminole, St. Johns, Sumter, Suwannee, Taylor, Union and Volusia Counties. LOCATIONS 43rd Street Office, 2831 NW 43 St, Gainesville 8 am – 6 pm Mon-Fri (Drive-thru) 9 am – 6 pm Mon-Fri (Lobby) 9 am – 1 pm Saturday 3720 NW 13 St, Gainesville 9 am – 6 pm Mon-Fri 9 am – 1 pm Saturday Haile Branch, 2785 SW 81 St, Gainesville 9 am – 6 pm Mon-Fri 9 am – 1 pm Saturday Butler North, 2803 SW 42nd Street, Suite 10, Gainesville 9 am – 8 pm Mon-Fri 9 am – 5 pm Saturday Ocala Office, 2424 SW 17 Rd, Ocala 8 am – 6 pm Mon-Fri (Drive-thru) 9 am – 6 pm Mon-Fri (Lobby) 9 am – 1 pm Saturday 3504 E Silver Springs Blvd, Ocala 9 am – 8 pm Mon-Fri 9 am – 5 pm Saturday Country Oaks Branch, 9680 SW 114 St, Ocala 8 am – 6 pm Mon-Fri (Drive-thru) 9 am – 6 pm Mon-Fri (Lobby) 9 am – 1 pm Saturday Maricamp Branch, 10 Bahia Ave. Lane, Ocala 8 am – 6 pm Mon-Fri (Drive-thru) 9 am – 6 pm Mon-Fri (Lobby) 9 am – 1 pm Saturday DeLand Branch, 1735 N. Woodland Blvd, DeLand 8 am – 6 pm Mon-Fri (Drive-thru) 9 am – 6 pm Mon-Fri (Lobby) 9 am – 1 pm Saturday Lake City Office, 583 W Duval, Lake City 8 am – 6 pm Mon-Fri (Drive-thru) 9 am – 6 pm Mon-Fri (Lobby) 9 am – 1 pm Saturday Starke Office, 2460 Commercial Drive, Starke 8 am – 6 pm Mon-Fri (Drive-thru) 9 am – 6 pm Mon-Fri (Lobby) 9 am – 1 pm Saturday CALL CENTER (call your local office number to reach us) 9 am – 8 pm Mon-Fri 9 am – 5 pm Saturday Gainesville ............. 352-377-4141 Ocala ...................... 352-237-8222 Lake City ................ 386-755-4141 Starke ..................... 904-964-1427 DeLand .................. 386-738-4717 Outlying Areas ...... 800-284-1144 VOLUNTEER BOARD OF DIRECTORS Mr. Al Peoples, Chair Mr. Lynn P. Jones, Sr , Vice Chair Mr. William Hopgood, Treasurer Mr. Andrew Sutherland, Secretary Dr. Jacquelyn D. Hart, Director Dr. Barbara Buys, Director Ms. Judy Johnson, Director Eco-Friendly P R I N T I N G Printedwith soy-based inksonpaper from a responsible source Federally Insured by NCUA FLCU.ORG | 800-284-1144 It is extremely important for small business owners to know the ins and outs of how the finances work in their company. We’ve compiled a little list of the most vital money tools an owner can have a handle on. Your Cash Flow: The term “cash flow” covers several of the processes in a business’s money management system. Of course, a business needs to know what the regular expenditures are, and what income it brings in. However, it is also important to be aware of when these ebb and tides occur. It’s important to try and match up when you owe money to when money gets made so you aren’t left high and dry, forced to pay bills after their due. This also includes knowing when your employees are paid and budgeting for those times when sales might not be as high and regular.  Your Credit: Just as you have a personal credit history that determines your credit worthiness, so does your business.  You may never know what the future holds; if you find you need a loan to expand your business or if you need support in changing your company’s direction, you’ll be grateful you maintained a positive credit report. This means you need to pay balances on time and check your business’s credit report each year for potential errors. That way, if you decide you want a business line of credit or to make use of business credit cards, you’ll have an easier time securing the loan and better rates. Your Taxes: Small businesses owners have a lot to think about when it comes to taxes! Prepare yourself well in advance and carefully consider your taxes all year long, both business and personal, instead of at the last minute. This includes keeping great records of your revenue, capital and expenses and any possible tax breaks you’ll be eligible for with your business. Also be aware of your personal details, like if you need to pay self-employment tax and whether you’re paying yourself a salary.  Good Money Habits for Small Business Owners Small business owners have to take on many roles, from sales person to marketer to human resources specialist. Of course, this long list of duties also includes accountant and, in many circumstances, this job could be the most vital to whether a company thrives or thuds.

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