Depending on where you grew up, you may've heard the phrase, "pull yourself up by the bootstraps." In the startup world, bootstrapping is the common practice that entrepreneurs dedicate themselves to -- sometimes to a fault. They do as much as they can with to avoid as much cost as possible. While
Do Self Employers Have To Pay Quarterly Taxes?
Usually, yes. There are a handful of circumstances where you may not need to. Before going too deeply into this, first make sure you're identified as a self employer. According to the IRS the following things must apply to you: You carry on a trade or business as a sole proprietor or an
Can You Claim Expenses Before A Business Starts?
When starting a new business most startup founders have to spend a large amount of their own personal money to start the business. While that may be stressful there is good news, you can now take a start up deduction to limit your tax bill. Here’s how: What Can I Write Off As a Startup
Small Business Coaching: Tax Basics
The best and worst thing about running a small business is that you’re responsible for everything. While there’s a certain freedom that comes with this, there’s also an often overwhelming level of responsibility. Everything from finances, to staffing, to advertising, will fall squarely on your
Process Payroll Quickly And Efficiently
Many businesses, in particular small businesses, waste a lot of valuable company resources as a result of mismanaged payroll. For anyone used to navigating the ins and outs of payroll, it’s not hard to understand why it can be such a challenge. However, it doesn’t have to be; an efficient, quick
Tips To Finding A Good Tax Adviser
No matter what your tax situation, tax season can be a huge headache. The more complex your financial situation is, the more difficult filing your taxes can be. This can be doubly true if you’re a business owner; trying to handle all of the credits, deductions, and various incomes for a
The Benefits of Outsourcing Payroll
Once you go into business for yourself, you discover just how much effort is involved in creating a small business. It can truly be overwhelming at times! From staffing, to equipment purchases, to taxes, there’s no shortage of headaches for a business owner to deal with. That’s why more and more
9 Reasons To Outsource Your Accounting Department
As an entrepreneur, you’re always looking for ways to cut costs and increase profits for your business. No doubt you have learned that managing a small business can be a real headache, with many challenges – some expected, some unexpected! – and you want to get a leg up whenever you can. One way you