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Some of the invariable truths we have collectively learned in a society are as follows:Rules are only there to draw guidelines and set expectations.Punishment doesn’t stop problems from happening, but conversations can.Prevention techniques are the best techniques for avoiding a problem all

Before diving into an explanation of what the lookback period is, you must first understand what the Form 941 is used for, since the lookback period is a tool specifically used to help file this form.The 941 is also known as the Employer’s Quarterly Federal Tax Return, and needs to be filed

Are you a small business owner wanting to make the wisest financial decisions possible? Have you discovered that your freelance business’s earnings are dwindling away, but you have no idea why? Do you find yourself putting in more work and time, but you can’t see a return for the investment? If so,

In my experience, there are two kinds of entrepreneurs. Those who worked for other companies, saw the pain points and the selling points, recognized the workflow, value proposition, and decided to take a chance on their own. The other entrepreneur is the one who starts as a hobbyist, one who does

Accounting for startups entails keeping strict (and accurate) financial records and detailed accounts to project the organization's growth.As a business owner, accounting is absolutely vital to discern what trajectory your business is on, so you know what you can afford. If you're trying to do

The myth: most startups lose money for the first two years.The reality: they don't have to.Failure is good, it's a learning experience. We're meant to embrace it, learn from it, and pivot accordingly. That said, why would you set yourself up for failure? Don't dive into a startup expecting to

If you're asking this question, I can imagine you feel as though you're in dire straits. It's difficult enough to create a sustainable business, let alone grow while you feel as though your expenses are outweighing your profits. Capital and cash always top the list on every entrepreneur's

You've started your business, it's growing faster than you imagined. It's glorious, it's exciting, but now you need someone to pick up the slack. You've reached a point where you can afford to pay someone to start doing the "growing" or to handle your existing clients while you focus on growing.