Donating to charities and 501(c)(3) organizations are a great way help your community as a business person. Giving back is one of the major responsibilities of a business. As the business owner, you can make donations directly from the business account. In order to be tax deductible, donations must meet certain requirements. Especially for your business, tax deductible donations must ... Read More »
When it comes time for retirement, dependable streams of income are required. You need to have financial stability into your 60’s, 70’s and beyond. This stability can be achieved with proper retirement income planning. Especially for business professionals, it can be tough to slow down after working for decades straight. Luckily, a well balanced retirement plan can keep your financially ... Read More »
Owning your own business is never easy but one thing is for sure – nothing beats the satisfaction of knowing that you are your own boss. In fact, this is a big reason why millions of small business owners are willing to forego the certainty of a fixed paycheck for the risk and reward, of being a business owner. But ... Read More »
Business owners have long been familiar with writing off business expenses each year. However, for new small business owners, you may be unsure of the tax deductions related to employee travel expenses. In order to benefit from employee expenses deductions, there is only one way to reimburse employees for travel expenses that are compliant with IRS laws. These methods are ... Read More »
When you are short of money and your options are limited, you need not be ashamed of getting loans. In fact, big companies like Dell, Starbucks, and Domino’s started with a loan as well. Loans you get to improve yourself or your business are considered smart. However, if you are getting a loan to pay another debt, then you might ... Read More »
Entrepreneurship requires persistence, organization, confidence and financial know-how. If you are an entrepreneur, you may be dedicating your own money to getting your business off the ground. That may leave you with limited personal funds. A credit card can help solve this problem. However, you definitely want to only apply for credit cards with low APR. Otherwise, you may be ... Read More »
If this is your first year as a self-employed professional, filing taxes may seem like a daunting task. After all, tax requirements for self employed people are quite different from the taxes required by traditional employees. In addition, you have to take care of them yourself all year long. You do not have the help of a payroll department taking ... Read More »
Have you ever wanted to start a business or expand your business and you can’t wrap your head around the question, “how do I get started?” In this post, we’ll cover how to take you from the “how?” to the “aha!”? To get started, let’s look at the role loans played in the growth possibly the startup of such businesses. ... Read More »
Business owners are one part of the population that could certainly benefit the most from refinancing their mortgage. Just as there are right times to look for funding from venture capital firms though, so too is there a right time to look for refinancing options. However, many business owners do not know when the best time to refinance. If you ... Read More »
Not many people know what balance transfer checks are. However, they can wreak havoc on your business finances if you choose to use them one too many times. You would be wise to avoid these financial traps. But first, you need to know what balance transfer checks are and how they work, just as you would when you are selecting ... Read More »
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