Self Employed? Don’t Overlook These Tax Deductions!

When you’re self-employed, tax time can be especially stressful. This is especially true if you owe self-employment tax, which can easily eat up 15.3% of your taxable income. The good news? There are plenty of tax deductions offered…

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Is an SEP-IRA Plan Right For You?

While being self-employed comes with some inherent perks, one of the potential drawbacks of self-employed life is not having an employer-sponsored retirement fund (such as a 401K). Still, there are plenty of viable retirement plan options available to…

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What Self-Employed Workers Need to Know About Claiming Emergency Paid Sick Leave

The coronavirus pandemic left many hard-working Americans in a difficult place financially in 2020. Not only did people lose their jobs as a result of business shut-downs, but many self-employed workers found themselves struggling as well. Even those…

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What Information Should You Include on Your Profit and Loss Statement?

Also known as the income statement, the profit and loss statement is the most important piece of financial documentation a business can prepare. Your company’s profit and loss statement indicates its expenses and revenue resulting in a profit…

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Have You Prepared a Business Exit Strategy Yet?

You love owning and operating your own business and selling it is the furthest thing from your mind. Even so, it’s important to plan for the eventuality of not owning the business someday, whether because of retirement or…

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Have You Considered These Benefits of Outsourcing Your Payroll?

Payroll is one of those business functions you cannot ignore, but it also takes a lot of time and specific knowledge to ensure efficiency and accuracy. Perhaps you’re at the point of considering outsourcing your company’s payroll functions…

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