Category: Manage Finances
Yves-Marc Courtines from Boundless Advice explains the difference between cash vs. accrual accounting & helps you figure out which system is best for you.
You work hard for your money, right? You’ve spent countless hours building your business to what it is today. Yet, in one swoop, it could be all gone…along with all of the money in your bank account. Wait…what?! It’s true. It blows my mind to think there are business owners out there who don’t separate […]
You don’t NEED everything right away in order to start showing profits. In fact, if you can start your business lean, you’ll be better off in the long run. Businesses make their biggest financial mistake when they start spending money they don’t have.
Here we’ll go over the difference between ordinary and unearned income, as well as what each means for your business tax-wise.
Paying yourself as an owner of an LLC can be complicated, and there are tax consequences that come along with it.
Keeping your business and personal finances separate has obvious advantages when reviewing your bank records for purchases that qualify as tax write-offs.
How can you accurately gauge revenue and sales without a track record? Here are the questions to ask for accurate financial projections for growth:
If you’re a small business owner who is looking into ways to finance your company, you might’ve looked into using a Rollover for Business Startups, or ROBS. With ROBS, you can use funds from your 401(k) for your startup without incurring any penalties. If you’d like to use funds from a 401(k) to finance your […]
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 […]