How Much to Set Aside for Small Business Taxes

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...

5 Reasons Your Small Business Should Have a Savings Safety Net

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...

Navigating Tomorrow: Lili’s Accountant AI Empowers Business Growth

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....

Introducing the New Lili: Reflecting Our Growth and Your Ambitions

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...

How to Open a Salon: A Comprehensive Guide

So you’ve made the exciting decision to open a salon… What’s next? We’ve developed a guide to help answer that question, taking you from your initial idea to opening day and beyond, covering everything from market research to business management essentials. Whether...