Self-employment comes with many perks. But when tax time comes around, it also means you'll be filing more than just Form 1040. Chances are, you'll also need to file Schedule C.
The Schedule C form might seem daunting at first. But while... Continue
The 2022 tax season is here. On January 24, the Internal Revenue Service (IRS) began accepting individual tax returns. However, if you're wondering what the last day to file taxes in 2022 is, the answer for most Americans is April... Continue
With small businesses continuing to face challenges brought on by the pandemic, the U.S. Department of Treasury has expanded the State Small Business Credit Initiative (SSBCI) Program as a part of The American Rescue Plan Act of 2021.... Continue
It costs money to make money, and much of what business owners spend on their companies — their business expenses — can be deducted from their gross income to reduce their taxes. The list of deductible business expenses includes... Continue
For years we've been led to believe that billing and collecting is just a normal part of doing business. We've also been told that receivables count as assets, that they represent the money customers owe you in exchange for products or... Continue
Having accounts payable means you owe money to someone. There's nothing wrong with that. But what is wrong is not handling your accounts payable in a manner that maximizes your cash flow. Improving supplier relationships, implementing... Continue
The good news is that 2021's financing environment is strong. Capital is readily available, and the economy is doing pretty well. Interest rates also remain at historic lows, even though it's likely they'll rise in the coming years. This... Continue
We're more than mid-way through 2021, and my smartest clients are using this time to strategize how to limit their tax bill and turn those savings into cash for the year. Because hey, it's only like 20-30% of your income, right? So what... Continue
