For the love of your business
For the love of your business
Taxes are a thorn in just about every entrepreneur’s side. Indeed, taxes are your single biggest business expense. That said, it’s fairly easy to reduce the amount of sting taxes cause—but you do have to be proactive. And we’re not talking about doing anything illegal. We’re not suggesting you evade paying taxes; that’s a recipe […]
Read MoreWhen you first realize that your biggest personal and business expense—bar none—is taxes, it can come as quite a shock. Seeing so much of your hard-earned money wind up in the government’s hands can feel like a shakedown. That said, focusing a relatively small amount of time and effort into strategically reducing your taxes can […]
Read MoreWhen launching a new business, it’s crucial that you put the right insurance in place. In addition to having the correct legal entity set up, insurance is the primary way to protect your personal assets from the activities of your business. Without the right insurance—or with too little of the insurance you do need—you could […]
Read MoreWhen launching a new business, it’s crucial that you get the right insurance in place for your company. In addition to having the correct legal entity set up, insurance is the primary way to protect your personal assets from the activities of your business. Without the right insurance—or with too little of the insurance you […]
Read MoreThroughout 2020, Congress passed multiple pieces of legislation—most notably the Coronavirus Aid, Relief, and Economic Security (CARES) Act—offering numerous forms of tax relief to help businesses like yours deal with the economic fallout of COVID-19. That said, these new laws have also created a tangled web of new tax and accounting changes that can be […]
Read MoreQ: How does a forgiven Paycheck Protection Program (PPP) loan affect my taxes? –Curious Business Owner A: Dear Curious: The CARES Act specifies that a forgiven PPP loan isn’t considered taxable income, so you won’t have to pay any federal income tax on it. However, some states may end up requiring you to pay taxes […]
Read MoreThroughout 2020, Congress passed multiple pieces of legislation—most notably the Coronavirus Aid, Relief, and Economic Security (CARES) Act—offering numerous forms of tax relief to help businesses like yours deal with the economic fallout of COVID-19. That said, these new laws have also created a tangled web of new tax and accounting changes that can be […]
Read MoreYou might assume that growth is always a good thing. But if you aren’t prepared, rapid growth can lead to serious problems—and even cause your business to fail as a result of implosion. Growth is only sustainable if you have the systems and resources to support it. As your company expands, so do your costs […]
Read MoreDo you feel obligated to check work emails, texts, and voicemails at all hours? Do you often work weekends and holidays, even after you promised yourself you wouldn’t? Do you feel pressured to say yes to pushy clients because it’s easier than saying no? Do you feel resentful of clients for placing unreasonable demands on […]
Read MoreWhen starting a new business, putting the appropriate legal agreements in place is crucial for protecting your key assets and relationships. Yet it’s common for many new business owners to put off—or even entirely overlook—creating such agreements. You might not even know which documents are most needed. The following 4 agreements are among the most […]
Read MoreQ: How can I get rid of a horrible employee from my business? –Frustrated Business Owner A: Dear Frustrated: Whether your employee is incompetent or just doesn’t fit with your mission or people, it’s tempting to just tell an employee to “get lost.” But you must proceed carefully. Many laws provide protections even to “at-will” […]
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