Putting money in your HSA can be helpful for medical expenses. But did you know there are also tax advantages to having an HSA? You can use it as an investment tool and name beneficiaries for the funds. Keep reading for helpful tips so you can maximize your health savings account (HSA). 1. Maximize HSA […]
C corps are a common type of business entity and for a good reason. Their structure offers flexibility and opportunities for growth. While a C corporation status does offer a lot of benefits, there are also some drawbacks that you should know. Here’s everything you need to know about how to open a C corp […]
Starting an LLC in New York can significantly your business growth, thanks to its large population and its business-friendly environment. It’s important to be aware of the essential aspects involved in creating an LLC in New York. There are many necessary forms and strict deadlines that must be met to avoid severe penalties. To help […]
Tax season is right around the corner. Now is the time to prepare your small business taxes. This includes everything from invoices, receipt books, bank statements, and any records pertaining to your small business expenses. Maybe you’re well-prepared and already a pro at keeping a detailed daily expense tracker. Or maybe you’ve let some things […]
Like it or not, remote work is here to stay. Gone are the days when employees came into the office every day. Maybe an employee works in-person sometimes, but chances are you’ll have at least a few employees or contractors that work entirely remotely. In some ways, remote work can be easy and convenient. You […]
It takes hard work and dedication to make it as a self-employed trucker. 1099 truck drivers aren’t just driving a truck — they’re running their own business at the time! Truckers have to juggle many tasks, including driving, truck maintenance, job searching, and highway safety to name a few. Despite the challenges, they value their […]
As a small business owner, you’ll have questions about your business, business procedures, and taxes. You may have entity-specific or business tax questions, making receiving the correct answers urgently. When tax season arrives, small business owners will have questions but only a little time to receive proper answers, assistance, and next steps. Here are answers […]
New York is an important state for business in the United States. Many of the biggest corporations have locations in New York City as well. It’s an exciting place to be, but that doesn’t mean it’s easy for businesses. Business owners looking to start setting up a small business in New York will need to […]
If you own and manage a rental property, you’re well familiar with all the expenses of maintaining a property. Regular maintenance and unexpected repairs add up quickly; it can be challenging to know how to claim these expenses when tax season comes around. Use this blog as a helpful guide for learning more about the […]
As you look to grow your business, you may ask yourself ‘What does a bookkeeper do?‘ Small businesses of any size can benefit from working with a bookkeeper. Bookkeepers carry out essential duties that keep the business running smoothly. These duties ensure businesses can comply with different laws, policies, and regulations — especially when it […]
