Category: Business Finance
Renting out your home for part of the year can be a solid way to earn passive income during the summer months or for the busy tourist season. But before you do so, you’ll want to be aware of the tax rules, lest you get blindsided and end up paying more taxes than anticipated. Here […]
Thinking about forming your small business as an LLC? If so, you’re probably curious about how doing so would affect your tax situation. And rightly so. While forming an LLC is a big, important step in protecting your personal assets when owning a business, it also adds extra considerations — and complications — on the […]
So many dreamers are held back from achieving their goal of starting a business because they lack the necessary funds. Starting a business and then keeping the lights on once it’s up and running can cost a pretty penny, and the financial risk associated with pursuing this path can be enough to shy anyone away […]
As a limited liability company (LLC), your business has the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. This means when tax time rolls around, your business is its own legal entity with separate debts and legal status from you. However, LLCs are still tied to your personal […]
If you’ve recently formed your small business as an LLC with an S Corpelection, congrats! You can now enjoy the tax benefits that come with having a pass-through business entity, along with the legal protection of your personal assets. If you have an S Corp, it’s important to note this year’s filing deadline for your tax […]
For solopreneurs or owners of microbusinesses — small businesses with nine or fewer employees — it can be difficult to manage both your personal and business finances. You might find it easier to mix them together, or some months you might find it difficult to remember which expenses were specifically for your business. And while […]
Avoid the disastrous consequences of keeping poor financial records — learn how to improve your small business bookkeeping.
There are several options for funding your own retirement when you’re self-employed. Learn about the different possibilities here.
Learn the tax brackets and other important information for the 2018 and 2019 tax year.
If you’re in need of a small business loan, let’s look into why it’s a great time to seek out funding to get your new business venture off the ground.