Being an entrepreneur and starting a small business is about creating something new. You’re making your mark and giving the world a chance to see it and be a part of it. Small businesses are the engine of the economy, and you’re helping to create growth. Starting your own business is an exciting prospect. You […]
At any point in the management of your small business, your small business’s finances will be central to its success. As your business grows and develops, it can become more challenging to pinpoint where to focus your time to ensure your finances are running smoothly. Managing your small business’s finances may be stressful, but there […]
If you haven’t yet filed your taxes and work as an engineer, check out these seven common tax deductions that could minimize your tax burden this year! Tax Deductions for Engineers Engineers can receive tax deductions for different aspects of their jobs. The best tax deductions for engineers follow. 1. Advertising You can claim a […]
After months of negotiation and deliberation, Congress finally passed an updated stimulus bill passed last week. This bill will bring relief to millions of people and small businesses in the form of economic relief and direct cash payments. It’s an important boost that will immediately benefit city, local, and state economies. Although millions will directly […]
Taxes can be tricky for real estate professionals. You might have a lot of expenses maintaining your properties, but how do you report those on your tax return? The IRS has specific restrictions on rental real estate income and how to report it, but they also offer deductions for many eligible business expenses. If you […]
You might be paying far more in taxes than you need or are even supposed to. If you’re not reporting all your tax-deductible expenses on your tax return, you’re likely leaving money on the table. This is especially true in the medical field when there are so many overhead costs that should be deducted from […]
When tax time arrives, many small businesses will need to complete tax forms. The exact form the business needs will depend on several factors. There are many tax forms that businesses will have to file. Here are the most common business tax forms and the basics about each. What Are the Most Common Business Tax […]
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-Corp does offer a lot of benefits, there are also some drawbacks that you should know. Here’s everything you need to know about forming a C-Corp, including how to form one and […]
A chart of accounts is an excellent way for you to see your company’s finances. It provides small business owners with a strategy to see their transactions arranged in several categories. You should know a few things before creating a chart of accounts, especially if you’ll ever plan on adjusting it. Here is what you […]
With the coronavirus still raging through the United States, the SBA continues to accept loan applications from small businesses affected by the pandemic. Not only did the government provide additional funding to disaster loans such as the PPP and EIDLs, but there’s also still funding for the Express Bridge Loan (EBL) Pilot Program, designed to provide immediate […]
