With 2024 still new, many entrepreneurs are about to start or have just started a new business. After all, January or, more broadly, the first quarter of any year can be a favorable time to...
Charitable giving is a great way to positively impact the world. However, small businesses may have difficulty finding room in their budgets for donations. Thankfully, you can get a tax break when supporting charities. Donating...
You may see your home office as the place you take important business calls, the place you meet new clients, the place you focus best on crafting your products -- but what about the place...
Although we think of tax season as that period between January 1 and mid-April, it’s an ongoing event. If you shift your perspective when it comes to tax records, you may find that not only...
Starting and running a business requires precise attention to detail—especially when it comes time to file your business taxes. Whether you head a startup with a few employees or you’re an independent contractor, taxes are...
Whether it’s your first year as a startup or you’re battle-worn after years in the trenches, you’ve learned to keep a close eye on your company’s bottom line. When tax season rolls around, it’s another...
Many entrepreneurs in the U.S. have been keeping up with the recent changes to the tax law, passed at the end of 2017 and championed as a boon for small business. However, if you were...
Small business accounting tools can be a lifesaver for all entrepreneurs. Let’s be honest: accounting and bookkeeping are not only the most tedious task for owners, but it’s also your least favorite task. So, if...
For entrepreneurs and small business owners who don’t have an accounting background, bookkeeping and taxes can be intimidating or downright scary. But it doesn’t have to be. Lisa London, CPA, brings three decades of public...
The first thing to know about being a sole proprietor is that a sole proprietorship is a specific type of business structure where the individual and the business are seen as the same entity. Is...
Taxes can be taxing for entrepreneurs and small business owners. Thankfully, tax season is nearly done and dusted, but looming on the horizon are potential changes to the way in which taxes will need to...
When you’re getting a startup off the ground, it’s easy to get so caught up in the fun and creative aspects, like marketing, branding and product development, that you neglect the less-sexy (yet integral) components,...
One of the biggest appeals of incorporating as an LLC has long been the ability to save money on taxes. In addition to limited liability protection and building credibility with consumers, forming an LLC allows...
The gig economy can be a wonderful way to supplement your income while you’re building a new business. One of the benefits of Uber, Lyft, Shipt, Instacart, Doordash, Postmates or the host of other independent contract platforms is that...
According to a recent survey of 869 entrepreneurs, 74 percent were concerned about hiring good people. And, once you find the talent you’ve been looking for, you’ll want to do everything in your power to...
With the holiday season upon us, many company employees are looking forward to being able to kick back and have some fun at the annual holiday party. Yet the savvy entrepreneur knows that once the...
I’ve worked in accounting my whole career, so I can say this without shedding a tear: hardly anybody starts a business because they love balancing books. (Some of us do, sure, but we’re the minority)....
Freelancers and others in the gig economy are treated as small businesses by the IRS. Income is reported on Form 1099-MISC, which is submitted to the IRS by January 31 of the year after the...
The hardest part of self-employment may well be dealing with estimated taxes. Nothing about the system is straightforward, starting with the fact that payments are not due quarterly. They are due on the 15th of...
We’re all familiar with the tax season hustle – getting all of your paperwork in order, scheduling appointments with your tax guy or gal, and praying you don't owe an arm and a leg to...