The $1.9 trillion American Rescue Plan Act of 2021 aims to help the American economy recover after a long and difficult year of shutdowns and hardships related to the COVID-19 pandemic. If you're a small business owner, here are the five... Continue
Many business owners complain about financial stress. Too many bills to pay. Mounting expenses. Looming commitments. Higher prices. What's the most important thing you can do to significantly reduce your financial... Continue
Whenever anyone asks what's the best tax advice for a small business owner, to me, the answer is obvious: have a good certified public accountant. Yes, it costs a few extra bucks. But taxes — like everything else in this world — are... Continue
It might seem counterintuitive, but many small business owners can gain a genuine appreciation for depreciation — especially when they're calculating their company's income taxes every year.
Typically, when you... Continue
Have you and your employees been locked down at home and working remotely over the past six months? Then I have some good news about the home office tax deduction. And some bad news.
First, the good news.
If you're self-employed or an... Continue
What do printer ink, client lunches and shipping costs all have in common? They're business expenses—the costs incurred while operating your business. And, as long as you run a for-profit company, you can deduct many of these expenses... Continue
It's not news that this has been a crazy year. Many small businesses have been negatively impacted by the pandemic. And yet, there are a number of businesses that have continued to operate profitably, some that have even thrived. Millions... Continue
Have you been thinking that you want to start a business? So much planning goes into following your dream, and we know it can be a struggle to finance its startup and daily operations. We also know that finding funding opportunities for... Continue
I've been writing a lot about getting cash from the government to help manage through the serious economic downturn we've been suffering. But not everyone is going to get a Paycheck Protection Loan, considering how far behind the Small... Continue