Owning a business can be like having a family. You have a lot of love and trust for the members of your family, but that doesn’t mean you don’t keep an eye on crazy Aunt Gertrude who’s been known to swipe a few bucks from your wallet once in a while. While you don’t want […]
It’s back to school season and as your kids get older, it gets MORE expensive. (Sorry to break it to you parents of kindergarteners. You’ve only just begun!) In honor of everyone heading back to school, we thought we’d veer away from our typical business and entrepreneur discussions and offer some practical money advice for […]
Every January business owners and individuals start to think about their taxes – do they owe money or will they get a refund? It’s a question we all ask. The answers start by calculating not only income, but also expenses. Have you considered that maybe you should think about those 1099’s BEFORE January? They really matter ALL […]
Hiring subcontractors can provide many advantages to the small business owner, but with those advantages comes an additional level of risk. Why Do I Need A Subcontractor Agreement? A subcontractor can provide your company with valuable specialized skills needed to complete a project. Subcontracting work can also provide your company with staffing flexibility, cost savings, and increased […]
So you’ve set up your business, compared your product to the market, found your breakeven point and your business is doing well. You even have enough work that you need to hire some help. How do you go about that? In today’s business climate there are typically two routes to take. You can either go with the standard employee or with […]
We get it – you just finished filing your tax return. You thought you were done with all of the necessary business paperwork for the year. Then about half way through May you decide to clean out your inbox and you see a renewal reminder for your Annual Report. You’ve missed the deadline! What can you […]
Update: Some rules have changed for Meals and Expenses in 2018. Read our new blog post to learn more. The IRS tells us that a business can deduct expenses that are “ordinary and necessary” and directly relate to active conduct associated with the taxpayer’s trade or business. In layman’s terms that means there must be a valid business […]
The breakeven point is a critical threshold that any established business or startup should be aware of to achieve profitability. No business owner starts their company or launches their product hoping to pour money down the drain. While making money may not be your only goal in running a business, it’s probably pretty high on […]
Filing taxes under normal circumstances can be stressful, but waking up the day after the tax deadline and knowing you still haven’t filed can be downright terrifying. If you woke up this morning with a sinking feeling in the pit of your stomach we have two words for you: don’t panic. Yes, that’s right. Don’t panic. There […]
For most people starting a business is a giant mix of euphoria and fear. After filing the paperwork to start your LLC or corporation you may be riding high on a wave of elation, only to have it come crashing down when you get your first official looking piece of mail. Urgent. Action required. Did you forget […]