Do LLCs get a 1099? The answer is not a simple yes or no. This article provides some guidelines for knowing when an LLC should get a 1099.
President Donald Trump has promised to create tax breaks for small businesses. This article outlines two of the major proposals lawmakers are considering.
One of the hardest parts of being a business owner is the stress that comes along with it. It can seem impossible to be an expert at running the business side of things along with perfecting your product or service. However, many entrepreneurs choose not to start a company on their own. They may take […]
Did you know that… Women are starting 1,072 new businesses per day? Women-owned businesses generate $1.6 trillion in revenues? The number of women-owned firms has grown at five times the national average (45 percent versus 9 percent)? Since 2007, 79 percent of new businesses have been started by women of color? These findings came from […]
There are countless reasons why you might be thinking about starting a home business, including the freedom to be your own boss, following a dream that you’ve had for years, or needing the convenience it provides as you raise your children. Regardless of why you want to start a home business, there are certain things […]
Many people think when they start a business things will be linear. They believe their growth will either steadily progress in a flat line, which is generally a start-up phase of one’s business, or they will experience exponential growth due to a launch or large contract. While both may occur, business is more like putting […]
Anyone who says owning a business is easy is flat out lying. However, it’s common to hear successful business owners say how much fun they are having running their business and providing products and services that help people to solve their problems — and that’s 100 percent accurate. Nothing in business is guaranteed, and you […]
Managing an LLC involves more than just being a member. One knows that an LLC is a simplified tax formation of a Corporation. This means that as an LLC member, you have some liability protection and less burden in terms of tax regulations. However, understanding how to form your LLC may require a quick explanation […]
Freelancers and small business owners often wonder what is “safe” to use as business deductions to write off from their taxes. There is often a lot of confusion, uncertainty and misinformation among small business owners about the topic of business deductions, with people wrongly assuming that certain items are deductible or failing to claim legitimate […]
Financial advisors who are setting up a new practice or re-evaluating their choice of business structure for an existing practice might want to consider the differences between an LLC vs. S Corp. What are the advantages of each? How can your business choose a corporate structure to maximize the available tax deductions for financial advisors […]