Tax Planning for Small Businesses
For small business owners, tax planning is crucial. Without proper planning, you may find a large portion of your hard-earned profits and savings eaten up by taxes that may not have been so high if you knew better options to pursue. To help you get started in tax planning for the new year, below are a few considerations to make.Read More
Financial Wellness Checklist for Small Business Owners
Financial wellness is easier to work toward when a business owner understands their economic outlook and has set financial goals to take them through the next 5 to 10 years.2 Striving toward financial wellness is vital for any small business owner. When your finances are in a good place, you are able to focus on other important aspects of your business, such as business development and growth. So, if you are ready to take charge of your financial wellness, there are a few things to add to your financial wellness checklist.Read More
Year-End Tax Planning Considerations for Capital Gains
As the end of the year approaches, investors need to focus on tax-related considerations, particularly regarding capital gains. Year-end tax planning can help investors manage their overall tax liability while seeking to manage investments for suitable tax outcomes. In this article, we explore four key tax planning areas for capital gains: what it is, tax law changes, tax efficiency, and offsetting capital losses.Read More
Year-End Planning Considerations for Business Owners
The end of the year can be a chaotic time for business owners. It is a time to compile data, review the numbers, evaluate strengths and weaknesses, and determine growth opportunities for the future. A business owner would be keen to review several factors in preparing year-end documents and preparing for the following year. Here are five tips that may assist with organizing a strategy.Read More
Tax Planning for the Self-Employed
What is it? According to the IRS, you are self-employed if you carry on a trade or business as a sole proprietor, as an independent contractor, as a member of a partnership, or if you are otherwise in business for yourself. You can be a full-time employee and still have self-employment income from a side job. To determine whether particularRead More
What Should Women Entrepreneurs Know About Small Business Grants?
One of the biggest challenges for any new business involves maintaining liquidity and consistent cash flow. Many entrepreneurs take only a minimal salary—if any at all—during the first few years their business operates, choosing instead to sink any profits back into the business. Fortunately, there are grants available that can provide some much-needed liquidity to female entrepreneurs. Learn more about these grantsRead More