Owning your own business gives you a great deal of freedom to make your own choices. It also comes with a lot of responsibility as well, such as estimating and paying your own quarterly taxes, hiring reliable employees, and … Continue reading
16 September 2020
5 Retirement Plan Options for Self-Employed Business Owners
5 September 2020
Tax Consequences of COVID-19 Surcharges
Many service businesses are adding surcharges to customers’ bills as a way to make up for lost income during the current economic financial crisis. Business owners are going out of their way to enhance safety measures and make customers feel … Continue reading
25 August 2020
The Ins and Outs of Quarterly Estimated Taxes
[Next Estimated Tax Deadline: September 15] There’s been a lot of movement in the small business space since COVID-19 has created unprecedented disruption since earlier this year. Many people were forced to rethink their careers or close up shop, while … Continue reading
3 August 2020
What Small Businesses Need to Know About PPP Loans
As borrowers face deadlines and near the end of covered loan periods, many questions are being asked about PPP loan requirements and forgiveness eligibility. There’s still much-needed clarification awaited by the U.S. Small Business Administration (SBA), but here’s an up-to-date rundown … Continue reading
30 July 2020
5 Reasons to Hire Your Child
Many small business owners are in search of reliable, strong staff during these difficult times. So, why not hire your child (or grandchild)? It could pay off big time. If you have a teenager at home, there’s a number of … Continue reading
26 July 2020
Is Fortnite and Other Video Game Currencies Taxable?
Some gamers may be increasing their screen time and raking in the virtual dough as the lazy days of summer commence. What does virtual currency mean for tax purposes? The IRS released a statement earlier this year informing gamers who … Continue reading
22 July 2020
Can I Claim a Home Office Deduction During COVID?
Many of us have rearranged, redecorated, or reimagined our homes to convert them into office spaces this year due to COVID-19. This new swell of people working remotely has sparked questions regarding home office expenses and whether they qualify for … Continue reading
3 July 2020
10 Ways to Improve Your Cash Flow
Cash flow is king. It is the lifeblood of any business. Often referred to as “working capital,” cash flow is the movement of money going in and out of your business and provides a lens into the health of your … Continue reading
22 June 2020
When is My Capital Gains Rate 0%?
With a tax planning opportunity for just about everything, seeking to pay 0% on capital gains is no exception. There are quite a few planning strategies you can do to realize tax-free earnings on profits from capital assets. When you … Continue reading
If you want to teach your child the value of a dollar this summer, take a look at some interesting tips on how they can leverage their summer job salaries. At seventeen years old, one rarely thinks about retirement savings. … Continue reading
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