Category: Business Owners

Are There Tax Benefits To Incorporation?

Some companies may seem to escape death, but they will never be able to escape taxes. That doesn’t mean there aren’t some tax benefits that only the corporations are getting. Companies are tempted to incorporate for several reasons, but taxes are often the primary motivator. But why? Well, it’s essential to note that incorporation only… Continue reading Are There Tax Benefits To Incorporation?

401k Plan Basics

Many employers offer 401(k) plans to help their employees save for retirement. However, there is much to learn about the 401(k) – details and explanations that will help someone decide whether a 401(k) is right for them. Most employers provide tax-deferred investing to their employees in the form of 401(k), which also helps to lower… Continue reading 401k Plan Basics

8 Examples Where A Good Bookkeeper Pays For Themself

Standard monthly expenses for your Business are transferred from you to your Tax Professional to be put on your Schedule C. No problem; most people get this part right. It’s the thousands of dollars in miscellaneous receipts that many people forget when under the haze of tax season. These miscellaneous expenditures can save a small… Continue reading 8 Examples Where A Good Bookkeeper Pays For Themself

Tips On Finding Business Loans For Women-Owned Business Enterprises (WBE)

Are you a woman entrepreneur looking for funding for your business? If so, you’re not alone. Many women-owned businesses struggle to find the capital they need to get started or grow. But there are several programs and initiatives out there that can help women access the financing they need. Here’s a look at where to… Continue reading Tips On Finding Business Loans For Women-Owned Business Enterprises (WBE)

4 Steps to Save On Your Taxes

Are You Getting All Your Deductions?

Does Tax Season get you down? Here are four simple steps that any small business owner can take to lower their tax bill this year. STEP #1: Understand How Serious Your Tax Problem Is Are you aware of just how much in taxes you are paying? Here’s how much the average family spends on various… Continue reading 4 Steps to Save On Your Taxes

Do You Have Problems Delegating? Delegation for Balance

One of the most challenging transitions for a business owner is embracing delegation. The number one element holding back entrepreneurs is their role as a bottleneck instead of a facilitator.  Using Delegation to Balance Your Life If you’re like many people today, you’ve got everything going on in your life: work, school, kids, household duties,… Continue reading Do You Have Problems Delegating? Delegation for Balance

How Your Kids Can Save You Taxes and Get Rich In the Process

One often-overlooked tax benefit for business owners is putting their kids to work in their business. If you are self-employed, you can take advantage of this by paying your kids $6,000 each for performing services in your business. The business gets a tax deduction for the compensation, saving taxes on the parent’s tax return. Also,… Continue reading How Your Kids Can Save You Taxes and Get Rich In the Process

17 Business Lessons From Your Lemonade Stand Experience

How to Use Your Lemonade Stand Experience to Succeed in Business Lemonade stands have taught kids how to run a business for generations. Remember the old Peanuts cartoon where Lucy dispenses advice instead of drinks for five cents, and then Snoopy undercuts her for two cents? Even if your neighborhood was less competitive growing up,… Continue reading 17 Business Lessons From Your Lemonade Stand Experience

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