As a small business owner, you may not know about the best business banking accounts available online (for free!) And it may be tempting to use your personal bank account for your business transactions because it seems easier to get started. However, maintaining a separate business checking account offers numerous business tools and advantages. Long […]

Are you the proud owner of an S Corporation? Are you wondering if you can hire your children without setting up a family management company? If you want the associated tax benefits, look no further! In this comprehensive blog post, we will delve into the specifics of hiring your family members in an S Corp. […]

You might think that Quickbooks Self Employed makes sense for your business. At the onset it looks good. I mean, it’s QuickBooks brand, and it’s the cheapest option. As a self-employed business owner, I know you want to take managing your finances from complex and time-consuming to simple and fast. But there are numerous tools […]

This post is sponsored by RUN Powered by ADP® Platform. All opinions expressed are my own. Offering retirement benefits might seem like something only big corporations can afford, but what if I told you it’s more accessible and affordable than you think? As a small business owner, setting up a retirement plan for your employees […]

As a small business owner or self-employed individual, small business tax deductions can keep tax season from bringing unpleasant surprises—like a bigger tax bill than expected. But the good news? With proactive planning and smart tax strategies, you can significantly reduce your tax burden and keep more of your hard-earned money. This guide will walk […]

Did you know that as a small business owner, you can hire family members to maximize profit and reduce tax liability? One underutilized strategy is hiring family members, including your kids or parents, to shift income into lower tax brackets. This approach not only saves on taxes but also helps you build financial literacy within […]

In today’s fast-paced entrepreneurial world Quickbooks Solopreneur has emerged as a competitive option for small business owners, freelancers, and side hustlers to stay on top of their finances. Without the right accounting tools, managing expenses, tracking income, and preparing for tax season can feel overwhelming. This is where QuickBooks Solopreneur comes in—replacing QuickBooks Self-Employed and […]

Selecting between QuickBook subscription levels can feel overwhelming with multiple options like Simple Start, Essentials, Plus, and Advanced. Each plan comes with different features and pricing. This guide will help you understand the differences between the plans so you can decide which is the best fit for your business. Which QuickBooks Online Plan Is Right […]

Are you the parent of a budding entrepreneur and looking for the best bank accounts for kids? Maybe you’re thinking about hiring your child to work in your business? Whether your child dreams of running a lemonade stand or setting up an online shop, managing money effectively is essential for their success. In today’s world, […]

  As a small business owner operating under an S Corporation, it’s vital you calculate your S Corp income correctly. You know the importance of paying yourself a reasonable salary—but how can you be sure that you’re setting it properly in the eyes of the law? Getting audited by the IRS and being asked to […]

Wondering how to file a 1099 without it feeling so hard? Filing 1099s can feel like a daunting task for small business owners. Between understanding the requirements, tracking down contractor information, and ensuring IRS compliance, the process often ends up being time-consuming and stressful. But what if there was an easier, faster way? That’s where […]

We’ve got the Profit and Loss Statement Template Self Employed business owners find easy to use and implement. After years of speaking with small business owners, we know that managing your finances as a self-employed entrepreneur can be overwhelming, especially if you’ve been procrastinating. But with the right tools, you can get everything organized in […]

If you’re contemplating S Corporation salary vs distribution and asking yourself, “Did I pay myself properly this year?”, you’re not alone. Many business owners struggle with this, especially S Corp owners who need to balance tax efficiency with IRS regulations. In this guide, we’ll dive into how to pay yourself properly, the concept of reasonable […]