How to Maximize Tax Deductions for Small Business

How to Maximize Tax Deductions for Small Business

While taxes are an inevitable reality for business owners, it doesn’t have to feel like an insurmountable burden. This is especially true with small businesses that often operate with limited resources and thinner profit margins compared to larger corporations. That’s why tax deductions are important for businesses to free up resources and facilitate investments for growth….

Crucial Accounting Metrics Businesses Should Know

Crucial Accounting Metrics Businesses Should Know

Accounting metrics play a pivotal role in providing insight into the financial health of a business. These metrics serve as quantitative indicators that help stakeholders assess various aspects of a company’s operations and evaluate its financial performance. Whether it’s deciding on pricing strategies, investment opportunities, or cost-cutting measures, having access to accurate financial data and…

Tax Planning Strategies for Freelancers

Tax Planning Strategies for Freelancers

Freelancing can be a fulfilling and profitable career choice, but it also comes with a unique set of challenges, including managing taxes. As an independent contractor, freelancer, or self-employed individual, you are responsible for calculating and paying your own taxes. Unlike traditional employees, you won’t have an employer to withhold taxes from your paycheck which…

Bookkeeping Best Practices for Startups

Bookkeeping Best Practices for Startups

Bookkeeping for startups comes with its own set of challenges, making it difficult for first-time business owners to manage their resources effectively. Many startup founders are passionate about their product or service but may not have a background in accounting or finance. This can lead to errors in recording transactions, mismanagement of funds, and difficulty…

Business Partners are the Worst! And How to Fix That If You Still Want One

Business Partners are the Worst! And How to Fix That If You Still Want One

I’ve never had a business partner, so how do I know this? Simple – I’ve seen dozens (hundreds?) of businesses break up over partnership issues and way, way fewer partnerships actually thrive. In fact just yesterday in the news was the story of the bitter break up of a thirty-year partnership between the guy who brought Sriracha…