19% of US families have trouble paying medical expenses. Have you ever thought about what you would do if you had to pay an expensive medical bill? It helps to save for these kinds of events, but it could also help if you knew more about saving on your medical expenses. Keep reading to learn more…
Category: Finance
16 Tax Benefits of Incorporating: What You Need to Know
Imagine you’ve started the business of your dreams. You have a bunch of amazing clients and customers, and things can’t be better. Then, taxes come along, and you wonder about the tax benefits of incorporating. While incorporating isn’t for everyone, it offers quite a few financial advantages. Read on for more. Set a Salary One…
Professional Corporation: Everything You Need to Know
Five million business applications got filed in 2021. It’s important to know what type of business entity you are when you start a company. Choosing whether you create a professional corporation or limited liability company (LLC) can have major repercussions on your company. This guide will discuss professional corporations. It’ll also go over why you might…
Are Gambling Wins Taxable? (Key Details)
Did you know that roughly 85% of Americans have gambled at least one time in their lives? Beyond that, three out of five people have gambled in the previous year. Gambling can be a fun, thrilling, and exciting activity when done responsibly. However, there have certainly been many cases throughout history where individuals relate to gambling with…
What Makes a Business Successful? (9 Proven Ways)
Are you ready to start the business of your dreams yet struggle to take action because you’re afraid of failure? Owning a business can be a deeply rewarding experience. Not only does it give you the chance to make a lot of money. It can also help you to feel a greater sense of purpose by…
How to Keep Meeting Minutes for an S Corp? (Ultimate Guide)
There are tons of different types of business structures out there. There are S Corps, LLCs, and sole proprietorships, to name a few. How to Keep Meeting Minutes for an S Corp? However, an S Corp is one of the most popular forms of business, with roughly 5 million S Corps in the United States. These businesses offer…
How to Open a Salon? 13 Important Steps
Salons make up 95% of the hair industry to date, and for good reason, people are serious about having a good hair day. Whether you decide to establish a full-service salon or specialize in something specific, you need to know what steps to take to get your salon off the ground. Are you wondering how to open…
Why Small Businesses Are Important (A Must Read)
A report from the U.S. Small Business Administration (SBA), shows that 99.7% of companies with paid employees are small businesses. To take that further, 65% of net job creation from 2000-2017 was also from small businesses. The importance of small business is crucial in many ways, which is what we are here to talk about today….
The Complete Guide to FICA and Medicare Taxes: Everything to Know
Have you looked at your income tax bracket to figure out what you’ll owe in taxes? Before you stop at that number, don’t forget about FICA and Medicare taxes. FICA Taxes are also commonly known as Social Security Taxes. These are separate from income tax, and they can add up quickly. Knowing about these taxes…
What Small Business Tax Forms Do You Need? (All You Need to Know)
Knowing what small business tax forms you need when you start a new venture is vital to your success. With over five million new business applications being filed in 2021, more and more people choose the entrepreneurial lifestyle each year. Being prepared with the right forms and information will help set you up on the right path….