It's no surprise that the worst thing you can do in life is compare yourself to others. It makes you think you're missing out or makes you think you're not doing enough, creating self-doubt and lowering your self-confidence... However, in the small business world, comparisons should be what drive
Managing Your Small Business Finances
It should go without saying that you should have a separate credit card and/or checking account for your small business. That way, you can track all company-based expenses so you don't need to sort through countless other bank statements. While that should go without saying, here are several more
5 Essential Tips To Grow Your Business
Learn Your BusinessObviously, to have a business at all, you need to have a product, service, or -- at the bare minimum -- an idea. And, for most businesses to succeed, you need to determine if it's something you plan on going all-in on or if it's becoming more of a hobby. Much like the
Can a Country Club be Deducted as a Business Expense?
Understanding which of your expenses are eligible for deduction is obviously important when filing taxes. In general, country clubs (and other social club memberships) are not deductible, however that's not true of all elements that make up a membership.Publication 463 states any club
Services to Outsource to Scale Your Business
Most small business owners start their business with the intent to scale -- in many ways, it's show you know the business is proving successful. Even if you start your business from a hobby, if it's going to be sustainable, it needs to scale. To do this, you need to use part of the profits to
When a Client Refuses to Pay
For a small business owner or independent contractor, your business depends on your reputation and the client's ability to pay you, but if the client refuses to pay you, it often can leave you frustrated and feeling helpless, which is a common problem many business owners face. If this is a
Why Assets, like a Company Car, are Considered Nondeductible Expenses
A nondeductible expense is something you cannot claim when you file your taxes. Now, some people get confused as to what can and cannot be deducted, especially if they hope to get some money back. Some clients have incorrectly claimed something which resulted in issues including penalties and
Offer In Compromise Statute Of Limitations
Behold, the numbing world of tax law which can effectively bore and confuse many small business owners from across the country. One of the most talked-about subjects is none other than an Offer in Compromise Statute of Limitations granted to the Internal Revenue Service. Too much is provided which