In today’s digital age, running a successful business means staying on top of your financial game. But with a plethora of accounting software options available, finding the perfect fit can feel like searching for a needle in a haystack. Fear not, fellow entrepreneur! We’ve sifted through the clutter to bring you the top 10 […]
The Entrepreneur’s Guide to Accounting Software Read Post »
Starting a business is an exhilarating journey but before you dive into drafting a business plan or registering your dream venture, there are pre-startup money moves you must not overlook. From the lens of an accountant, who’s your fiscal guardian angel in this adventure, let’s break down the essentials with these accounting tips for
Most Important Pre-Startup Money Moves to Remember Read Post »
The IRS has once again rolled out its annual “Dirty Dozen” list of scams on March 28, 2024, and with it comes a crucial heads-up: Stay sharp because phishing and smishing tax scams are getting sneakier, all with the aim of swiping your sensitive info. Here’s the Scoop Email and text scams are nothing
The IRS Dirty Dozen List of Tax Scams Read Post »
You don’t want to pay more in federal income tax than you have to. With that in mind, here are five tax planning for income options to consider when it comes to keeping more of your income. Delay Income to Reduce Tax Liability Delaying income to a later year can be a smart strategy
5 Power Tips on Tax Planning for Income Read Post »
As of March 29, 2024, the IRS is waving a big red flag about a sneaky pitfall on the rise: dubious claims surrounding the Employee Retention Credit (ERC). It’s all part of this year’s “Dirty Dozen” buzz, and here’s the lowdown: some pretty persuasive folks are out there pushing iffy ERC claims that could
Hey Entrepreneurs: Don’t Get Caught in the ERC Trap! Read Post »
Employer-sponsored qualified retirement plans, such as 401(k)s, are invaluable tools for saving for retirement. If your employer offers such a plan, it’s essential to participate and maximize its benefits. Here’s how you can make the most of your employer’s retirement plan: Understand Your Employer-Sponsored Plan Before diving in, take the time to comprehend the
Max Out Your Employer-Sponsored Retirement Plan! Read Post »
Self-employment offers freedom and flexibility, but it also comes with unique tax responsibilities. To navigate the tax landscape effectively, self-employed individuals must understand key concepts and leverage strategic planning techniques. Here’s a comprehensive guide to tax planning for the self-employed, including essential strategies and tips to maximize deductions and savings. Understanding Self-Employment Taxes Self-employment
Important Tax Tips for the Self-Employed Read Post »
Embarking on the journey of self-employment is like becoming the captain of your own ship. You get the freedom to chart your own course, make your schedule, and yes, forge an unbreakable alliance with your accountant. But with great freedom comes great responsibility, especially when it comes to the financial and tax aspects of
Taxes: A Guide for the Self-Employed Entrepreneur Read Post »
Did you know that approximately 70 million individuals receive some form of Social Security benefits today? Whether it’s retirement, disability, survivor or …
Social Security: How It Works & Who Qualifies Read Post »
