Electing to be taxed as an S-Corporation instead of an LLC or sole proprietorship can have significant tax benefits. S-corporations are pass-through entities, meaning that you do not pay any federal taxes on the company level; instead, you pay taxes on the profit from...
As a business owner, you’ve probably been told countless times that you need a bookkeeper. And that’s true, you will definitely benefit from hiring one. But why? What does a bookkeeper actually do that is so beneficial for business owners? When you learn about these...
“If your business can’t run without you then you don’t really own a business, you own a job.” -Barbara Taylor, co-founder of Allan Taylor & Co. This might explain why a recent survey found that approximately 70% of small business owners do not consider holidays...
Let’s be honest – there was not a single business that remained unaffected by the pandemic. Not one. Whether your business grew, stalled, or was nearing the point of extinction, these pandemic related effects to your business will also affect your small business...
True or false: If your business makes money, it is profitable. If you thought true, that may not always be the case. Why? Because much of the money you’ll make will go straight to taxes and other liabilities. So more is required than simply increasing sales or...
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