How Not To Panic When News About the Economy is Bad
Business Functions You Can Do Yourself (and a few you shouldn’t!)
Most businesses start out as an idea or dream by one person or a small group of people. Many of them also start out with very little cash. In an effort to save money, or not spend money since they don’t have any, many organizations will attempt to perform all business functions themselves rather than hiring someone to do it for them.
That could work.
It could also be disastrous.
I want to give you my suggestions for business functions you can do on your own and those that are best left to the professionals.
5 Ways to Make Things Easier for your Tax Preparer
Once the W-2’s and 1099’s are mailed out by January 31, it is game on for tax offices. Since practically everyone needs to file a tax return, they will be working nonstop and overtime from now until April 15 to get as many tax returns filed as possible.
They do carve out time for appointments but it is sandwiched between work, work, and more work. So to make things go smoothly, here are five things you can do to make sure you have a good experience with your tax preparer.
New Arkansas laws that affect your finances
As we close out 2021, it’s important to look to the future of your business and personal finances to decide what changes you might want to make in the new year. It’s also important to know what changes have been made by the government that affect you. Here are several new Arkansas laws that could affect your business.
Strategies for determining reasonable compensation
What are some ways we can determine what constitutes a “reasonable” salary?
Understanding S Corporation owner's reasonable compensation part 1.
How to Pay for College with Cash
College is expensive. Very few families have an extra $20,000 to $50,000 lying around each year nor did that many start saving for college while their precious baby was still in the womb. Well, it may not be easy, but here are some tips on how to pay for college without using loans.
Avoid being scammed by student loans
Should you use a paycheck advance app?
A payday advance app allows you to pay yourself funds from your next paycheck before payday. Should employees take advantage of this benefit? Should employers payday advance apps?
How to Avoid Surprise Tax Bills
With the tax return due date quickly approaching (moved to May 17), many people are filing their taxes now. As a small business owner, your taxes are a little more complicated. When filing their taxes, it is not unusual for small business owners to discover that they owe more than they thought they would. This month, I’ll explain how business taxes work and give you two strategies to help you pay the amount of taxes you owe.
How to choose a tax preparer
Since the annual filing deadline is coming up on April 15th, I wanted to highlight some of the preparer qualifications you should look for and give you some resources for locating the most awesome tax preparer you can.
What now?
In this month’s blog, I wanted to talk about the business climate we find ourselves in and list some ways that you can continue being in business while also taking advantage of any new opportunities the pandemic has opened up.
Should My Business Be a Non-Profit?
If you are in the beginning stages of organizing, you might be wondering if you should organize as a non-profit or for-profit. Read on to see some questions you should ask yourself before deciding.
Do you know the difference between a business and nonprofit?
Last month, I talked about financial coaching and mentioned one of my favorite non-profits, Freedom Five One. That got me thinking. A lot of people who start businesses do so out of a desire to meet and serve others’ needs. They don’t necessarily go into business to make money. For many people in that situation, they wonder if they should organize as a non-profit rather than a for-profit organization. So this month, I’m going to talk about some unique characteristics of non-profits so that I can help you answer that question.
Featuring: Freedom5One
Freedom 5:One is a faith-based non-profit that helps guide families (married couples and singles) to live a more balanced life through helping get their finances in order. Financial coaching can have an impact on every aspect of life and at every stage of a person’s life.