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Late to the Investing Game? Don’t Panic! Here’s What to Do

It’s not uncommon to hear financial gurus tell people who are over 50 to pull out of the stock market and cash in their chips. However, many advisors are changing their tune, as the way…

IRS Rules on Deducting Business Expenses

Business expenses are the cost of carrying on a trade or business. These expenses are usually deductible if the business operates to make a profit. What Can I Deduct? To be deductible, a business expense…

How the New 2020 IRS W-4 Form Affects Small Business Employers and Employees

Outside of fun festivities—and the fact that it’s the beginning of an entirely new decade—most people are excited for 2020. A new year means new beginnings, new goals and, in the case of the Internal Revenue…

5 Tips to Help Entrepreneurs Minimize Financial Stress in the New Year

If you’re like many entrepreneurs, you probably borrowed money, in one form or another, to start your business. According to the Kauffman Foundation, nearly 65 percent of entrepreneurs rely on personal and family savings for…

Why the New Year is the Best Time to Switch or Start Using Payroll Software

As you reach the final months of any year, there’s the holiday period. (Insert any number of appropriately timed seasonal cliches here.) However, there’s also the process of closing the books on one year of…

How to Stop Time Theft from Overwhelming Your Small Business

Even if you’ve never heard the term “time theft,” you’d know it if you saw it. But if you’re a small business owner with employees, chances are good you’ve experienced it firsthand. You might be…

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…

How to Start a Home-Based Bookkeeping Business with No Prior Experience

When it comes to work-from-home opportunities, there’s plenty of attention paid to things like affiliate marketing and e-commerce. That makes good sense since those have been reliable ways to earn money for a long time…

Know Your Industry: Average Margins

Know your industry. In a recent post here, I wrote that the most common stumbling point I see in multiple business plans is absurdly unrealistic profitability. Specifically … Most of the business plans I see project…

5 Ways to Incorporate QuickBooks into Your Accounting Processes

With over 42 million users and counting, QuickBooks is one of the top accounting software platforms in the world. Though there are many reasons why this software product is so popular today, one of the…

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