WJR Business Beat with Jeff Sloan: Tax Day Extension (Episode 33)
Today’s date, April 15, is always etched into our memories as Tax Day. But this year, amid the COVID-19 crisis, things are a little different. This year, the federal government has extended Tax Day out...
View Article3 Things That Could Cost Your Business its COVID-19 Loan
The Senate approved an additional $60 billion in funding for the Economic Injury Disaster Loan (EIDL) program and $310 billion for Paycheck Program Protection (PPP) loans on April 21, 2020. It now...
View Article5 Simple Ways to Organize Your Small Business Finances
Credit scores are often seen as the number one obstacle preventing small businesses from getting financing. But disorganized financials may be equally to blame. In today’s challenging economic...
View ArticleWhat You Need to Know About Taxes for Your E-Commerce Side Hustle
E-commerce sales have been on the rise in the U.S. over the past couple of months due to the realities of the coronavirus pandemic. According to a new SpendingPulse report from Mastercard, U.S. online...
View ArticleLLC or Corporation: Which Entity is Best For My Business?
Two of the most popular entity formations for business incorporation are limited liability companies (LLCs) and corporations. Both entities provide startup owners with certain benefits, and one of the...
View Article3 Key Benefits of an S Corporation Election
The deadline for S Corporations to file their annual tax returns is March 15, which means businesses with an S Corp election need to file Form 1120S and Schedule K-1. These forms, respectively,...
View Article3 Dangers of an Unincorporated Business (and How Incorporation Can Resolve...
Often, one of the first pieces of advice an entrepreneur receives when they start a business is to incorporate or form a limited liability company (LLC). When you incorporate a business, you are able...
View ArticleHow President Biden’s Tax Reform Could Impact Your Small Business
Information about tax changes the Biden administration is considering have recently leaked, creating some big headlines in media. “First major tax hike since 1993,” according to Bloomberg. As a...
View ArticleThe Top 5 Accounting Mistakes Startups Make
Our team has worked with hundreds of startups, and year after year we inevitably come across the same common issues around financial reporting. There are remedies for these accounting mistakes, but...
View ArticlePros and Cons of Setting Your Business Up as An S Corporation
Whether you’re just starting out or if you’re thinking about expanding, you need to consider which legal structure is best for your business. No one option is best for every type of business. In fact,...
View ArticleMistakes This Entrepreneur Made With Her Startup’s Finances (and How to Learn...
Business owners are dealing with unprecedented times right now. Many entrepreneurs are struggling to keep their businesses afloat, with financial struggles as their main priority. Prior to this crisis,...
View ArticleStop Doing These 4 Things if You Want Your Business to Last
We’ve all seen the statistics on how many businesses fail within the first few years of operation, and the current pandemic may accelerate that struggle for some startups. After fielding literally...
View ArticleTax Challenges You Need to Know Before Starting a Business Abroad
America is called the land of opportunity, but some entrepreneurial ventures are better suited to other countries. Digital nomads around the world have proven the viability of starting a business from...
View ArticleAward-Winning Finance Expert Shares 5 Financial Musts Before Jumping Into...
So, you want to start your own business — in which you are your own boss and you’re in control of your professional destiny. You’re mentally ready to become an entrepreneur, but the question is: Are...
View ArticleWhat Entrepreneurs Need to Know About the Home Office Deduction
You may see your home office as the place you take important business calls, the place you meet new clients, the place you focus best on crafting your products — but what about the place you save money...
View Article8 Great Ways Tax Filing Benefits Your Business
Yes, you read the title right. Filing your tax return could potentially contribute something better to your business – and it’s the financial kind of betterment. Lest we think that only a certain group...
View ArticleBudgeting in Buckets: What, Why and How?
We’re going to venture a guess that you wanted to start a business in order to maximize your earning potential. At the same time, you probably don’t need us to tell you that one of the most common...
View Article5 Mistakes to Avoid When Filing Your Taxes
The process of filing taxes may be intimidating and difficult, and if you’re not cautious, you might make a mistake that costs you. Every year, it’s the little things that cause taxpayers to pay more...
View ArticleMake Filing Small Business Taxes Easier With These 5 Thoughtful Tips
Small business owners and startup owners have countless responsibilities which can make running and managing a small business hard work. When you add the complexity of filing taxes, it can be hard to...
View ArticleFederal Reserve Holds Interest Rates. How that Affects Your Startup.
With core inflation remaining steady or declining in recent months, the Federal Reserve held the line Wednesday on interest rates. But that does not mean entrepreneurs and small business owners can...
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