Payroll Tips to Keep Your Startup Financially Fit
6 Payroll Tips to Help Your Startup Stay Financially Fit As an entrepreneur, it’s imperative to have a good grasp on your payroll records to ensure you are properly compensating yourself, your employees, or your contractors. You also want to be certain that you’re giving the IRS your fair share in payroll taxes by staying...
Retail Business: 4 Tips for Successful Managing
4 Tips on Successfully Managing a Retail Business A challenging yet rewarding type of small business to open and maintain over time is a retail business. From inventory to employees to the overhead of a brick-and-mortar location, there are countless responsibilities involved in such a for-profit enterprise. If you currently run a retail business or...
4 Ways to Attract Investors to Your Small Business or Startup
Attract Investors to Your Small Business or Startup When others financially support a small business and its owner, the enterprise can exponentially increase its potential future prosperity and success. So, if you’re an entrepreneur, don’t feel like you are alone on an isolated island. Turn to investors to give your company the financial injection it...
Does Your Business Qualify for the Home Office Deduction?
Does your office space qualify for a home office deduction? Working from home has become a practice of choice for entrepreneurs and small business owners across all fields. Thanks in large part to advances in technology, more self-employed professionals are discovering the great perks of using a home office to conduct their trade instead of...
Deducting Startup Costs in Your Small Business
Get ready for tax season by deducting startup costs Laying the foundation for a brand new business enterprise and then formally registering it are two costly ventures. However, don’t fret because there are some savings opportunities. The IRS allows entrepreneurs to write off certain business expenses they incur during the startup phase of putting a...
Assembling the Perfect Business Plan for Your Startup
Assembling an appropriate business plan is the most important aspect of a startup business The process of assembling an appropriate business plan is often the most important aspect of putting up a startup company that has the best possible chance of being successful and prosperous. Business plans are intended to provide entrepreneurs with a specific...
5 Commonly Missed Tax Deductions for Small Business Owners
Commonly Missed Tax Deductions If you put a price tag on the amount of money it costs to get a small business off the ground, the tag would probably be too small to fit all the numbers. This is because diving into business ownership can be an extremely expensive proposition. But there is some good...
Vehicle Expenses: What Can You Claim as an IRS Tax Deduction?
What Vehicle Expenses Can You Claim as an IRS Tax Deduction? From RVs to sedans to smart cars, drivers behind the wheels of all kinds of vehicles are required to handle the costs of driving them and the ongoing maintenance of these vehicles. As you probably know, these expenses often add up very quickly and...
Entity Classification Election for LLCs: Get the Lowdown
Entity Classification Election for LLCs In the world of business entity ownership, a limited liability company (or LLC for short) offers lots of options and flexibility to those who own such a company. A big choice LLC owners are able to make involves deciding how they want the IRS to treat their business entities from...