There’s only one letter difference, so how different can they be? When you’re deciding how to choose the right entity for your business, there are a few important acronyms to learn and differentiate. A Limited liability Company (LLC) is a legal entity under which you operate a business. With an LLC, you pick up the ownership share […]
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Why Small Businesses Should Pay Attention to Quarterly Tax Payments
There are a lot of awesome things that go along with owning a business. For example, personal fulfillment, passion—and, of course, making money. But what goes hand in hand with making money? Paying taxes. Filing business taxes can be complex, daunting, and nerve wracking. After all, everyone makes mistakes. So if you own a small […]
Why Set Up a Bank Account for Your New Business?
Starting a new business can be exciting—and also daunting. There’s so much to think about right off the bat. What’s your niche? Are you opening a location, or all online? How will you structure your business? Beyond those initial steps of starting a business, there is another one that doesn’t always come to mind right away: […]
4 Pros of Hiring a Bookkeeper Instead of Managing It Yourself
Small businesses—no matter what you’re selling—all have one thing in common. Bookkeeping. Scrambling to organize every receipt, log every mile driven, tracking each expense, and feverishly downed cups of coffee as you meet with a client. At the end of each quarter, it’s time to figure out exactly what you owe in taxes—what you made, […]
9 Accounting Best Practices for Truckers
Learning to keep track of your books is important for any business owner. Sound financial information makes it possible for them to accurately maintain their books, file their taxes, and make business decisions. There is a lot of work that goes into maintaining your books and keeping track of your accounts. If you don’t organize […]
3 Ways an S Corporation Can Help You Save Money
If you’re just starting a business or think your current entity isn’t working for you anymore, it’s time to do some research. A sole proprietorship can be good for a small company or an entrepreneur with limited assets. An LLC is a wise choice for a still small business with the risk of liability. But […]
3 Considerations When Hiring Your First Employees in an LLC
As an entrepreneur or small business owner, you’re always striving for growth and success. It’s part of the game for you. When you’re working, you’re always thinking ahead to the next big choice, or amazing strategy that will really set you apart from your competitors. As your business grows and you see an increase in […]
Applying the Home Office Deduction to an E-Commerce Business
Most people know already that if you work from home, you can deduct your office space from your tax return. However, not everyone knows exactly how to deduct their home office space, or what qualifies the office space for the deduction. If you run an e-commerce business, there’s additional things that you may need to […]
3 Timesaving Tips to Help Keep Your Books in Order
As anyone who runs a small business can tell you, one of the most time-consuming parts of keeping things organized is bookkeeping. Just keeping track of everything can be an enormous task as your business begins to grow. And if you don’t keep careful track of every part of your business, you may find yourself […]
5 Great Ways to Avoid Small Business Burnout
Many entrepreneurs have a similar story. A dream that they just couldn’t shake. The idea that they could succeed and create a business, to build something based on your talents and experiences. To know what you can do, and that you can succeed. But the dream and reality collide when you’re working 12+ hour days, […]
