Bookkeeping is a practical way to make sure that your business can track its budget. Every transaction that occurs will affect how your business allocates its finances. The use of a spreadsheet allows you to see all of your transactions in one place. There are a few things to consider, especially if you want to […]
An important choice that all business owners make is how to classify their business. There are a number of different business entities to choose from, such as Limited Liability Companies (LLCs), Sole Proprietorships, and S-Corporations. S-Corporations are a flexible option for an individual or shareholders to create a corporation. Its structure allows shareholders to avoid […]
By now, many Americans have been working from home for over 2 months to slow the spread of COVID-19. While some workplaces are slowly returning to normal operations, others are in no rush to return to the office. Remote work has been quite an adjustment for thousands of people, especially if this was their first […]
The CARES Act legislation in March offered stimulus payments to almost every U.S. citizen or resident under a certain income level. During a time of record unemployment, the bill came at a crucial time for those in need. Despite the severe need for economic relief, the size of the package and processing complications have led […]
Congratulations! You’ve made the monumental decision to forge your own path and start a small business. Now comes the big question: what type of small business will you start? Whether you plan to offer physical products and services or run an online business, you need to nail down exactly what you plan to do. The […]
As the Coronavirus continues to affect employees, business owners make tough decisions. Some business owners have reduced the number of employees, while other business owners have furloughed their staff. Sometimes, depending on the industry, neither reducing nor furloughing employees result in business profits. Closing a business is the direst of scenarios that a business owner […]
The coronavirus pandemic has forced more people than ever before to work from home. For some that might be a dream come true, but not everyone adjusts well to working remotely. People who work regularly from home might already have an established workspace, but many people during this crisis have had to improvise. Some might […]
There’s one crucial step in starting a small business that many entrepreneurs forget to consider. Before you can file paperwork and officially organize your company, you need to decide how to structure your new business. When you choose how to structure your company, you’re essentially deciding how your small business entity will be recognized by […]
Recently, the House of Representatives passed a $484 billion bill to mitigate economic losses from the COVID-19 pandemic. The funding will provide relief in the form of economic stimulus for hospitals and small businesses. It’s also expected that Congress will pass bills to stimulate the economy in the coming weeks and months. Further updates about […]
The economic impacts of the COVID-19 pandemic continue to affect small businesses across the country. While the CARES Act helped revitalize local economies in nearly every state, there is an overwhelming demand for even more grants and loans for small business owners. Loans such as the Economic Injury Disaster Loan (EIDL) and the Paycheck Protection […]