For the love of your business
For the love of your business
The rise of the “gig economy” has led to a dramatic increase in the number of businesses using independent contractors (IC) instead of traditional W2 employees. At the same time, there’s been a sharp uptick in the number of companies being penalized and/or sued for misclassifying workers as ICs. Indeed, within the past 10 years, […]
Read MoreWith the end of the year approaching, it’s time to think about taxes again. While tax planning might not be the most exciting part of your job, with the right strategies in place, you can keep a lot more of the money your company brings in. Without proper planning, taxes can be your biggest expense, […]
Read MoreQ: I’m a freelance graphic designer, who works alone from home. Do I need a business license? -Inquiring Entrepreneur A: Dear Inquiring: Home-based businesses are booming, but many entrepreneurs overlook the fact that such operations are still subject to license and permit laws. The type of licensing required will depend on your industry and location. […]
Read MoreAs its name suggests, limited liability companies (LLCs) protect personal assets from debts and other business liabilities. But you may not be aware that LLCs can also offer tax savings. As an LLC, you have flexibility in choosing how you’ll be taxed. This allows you to reap a number of benefits unavailable to other business […]
Read MoreLike most entrepreneurs, you probably think about the many ways you can help your company take off and grow. But you should dedicate an equal amount of brain power to planning when and how you’ll sell what you’ve built. In fact, deciding when to sell your business can be just as important as deciding when […]
Read MoreUndoubtedly, many budding entrepreneurs have developed winning business concepts over the years, but have ultimately given up due to a perceived lack of funding. This may have even happened to you. Indeed, banks are primarily interested in lending to established companies. Dipping into personal savings or using home equity credit is much too high-risk for […]
Read MoreIf you’ve come up with a great business idea, but don’t have the money to bring it to market, it may feel like you’re left with few funding options. Banks aren’t interested in loaning to startups that have yet to make any money, and most people don’t have family or friends who are wealthy enough […]
Read MoreIf you’re struggling with debt, but don’t want to shut down your business, bankruptcy might be one way to save your company. While this may sound paradoxical, many big corporations— American Airlines, General Motors, and Kodak—have successfully used bankruptcy to restructure debt and get a fresh start. The main difference between you and a big […]
Read MoreQ: I work full-time for an employer, but I also run a part-time side business out of my spare bedroom. Do I qualify for a home office deduction from the IRS? -Side Hustler A: Dear Hustler: The answer depends on a few factors, but provided it’s a legitimate business you’re consistently involved with, it’s likely […]
Read MoreRather than hiring full-time employees, you may choose to use independent contractors (IC) to handle the bulk of your creative tasks, such as art, logo design, photography, and content writing. For sure, working with ICs can save your company quite a bit of money, because unlike with W-2 employees, you’re not required to pay your […]
Read MoreWithin less than 10 years, cryptocurrency has evolved from a shadowy world ruled by high-risk speculation and dark-web devotees to one of the hottest trends in both investment and business. And the technology behind digital currency, known as blockchain, is itself experiencing booming popularity. Indeed, blockchain is heralded by some as the most significant technological […]
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