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 […]
Tax season can be stressful for everyone, but it’s especially challenging for business owners right now. If you run a small business, you’re probably already struggling to balance multiple priorities. Worrying about your business, working from home – especially if you have children – keeping in touch with family and friends, and staying up to […]
When Congress passed the CARES Act (Coronavirus Relief, Aid, and Economic Security), it signaled a landmark piece of legislation that provides over $2 trillion in aid in response to COVID-19. The CARES Act allows businesses and individuals to receive stimulus in the forms of tax incentives, credits, deductions, and recovery rebates. What is a Recovery Rebate? Recovery […]
As fun as it sounds to work from home, it’s not easy. Getting work done in the same place you sleep, eat, and relax with loved ones is not a simple task. It’s even more difficult when you’re suddenly forced to change your routine, and you’re dealing with the stress of a pandemic. No matter […]
If you own a small business or you’re otherwise self-employed, you have to take responsibility for yourself in many different ways. No one else is going to withhold taxes from your salary, so you have to make estimated tax payments for yourself. No company is going to put you on their group health insurance plan, […]