When you retire, tax planning is likely at the bottom of the list of things you want to be spending your time on. We believe, starting tax planning for Retirement as early as possible is a great way to keeping taxes low or zero during retirement years. This means thinking about where and when to…
Category: Finance
Self Employment Taxes vs. Regular Income Taxes
Ah, America’s favorite season is finally here. Luckily for all of us, tax filing season begins on January 24th this year, so it’s time to prepare ourselves. Well, this year is a little different for many, as the so-called “great resignation” has fueled a large number of people to become self-employed for the first time. In…
What Is the Difference Between a CPA and a CFA?
Taking charge of your finances can be a struggle. In fact, nearly 40% of Americans struggle with their finances in some capacity. To combat this issue, many people turn to CPAs and CFAs. These financial professionals can help individuals get their finances back in check. If you’re planning to work with one of these professionals, it’s important…
SBA 504 Loans: An Ultimate Guide
The global pandemic of 2020 changed everyone’s life in significant ways. But, one way it hit us is in the area of small businesses. 1.8% of all small businesses report they will never reopen after the pandemic. On the surface, this may not seem like much, but in reality, it is a lot of local businesses….
How to Start A Bookkeeping Business?
How to Start a Bookkeeping Business? Image Credit Pixabay Bookkeepers are some of the most in-demand professionals in every sector globally. Managing and maintaining financial records like payroll, profit and loss statement, cash flow, and investments are challenging for a businessperson with no background in accounting. This is when both small businesses and giant corporations…
How Long Does It Take to Get an LLC?
So you’ve decided to start your own business, and you need to get an LLC? Are you unsure of how to get or set up an LLC? The first step in forming your company is finding the proper legal structure for it. The law allows you to conduct business under different types of legal structures….
Self Employed Social Security and Medicare Taxes: Key Facts
Are you self employed or small business owner? Do you ever wonder if are paying your Social Security or Medicare taxes? Lets learn more about “Self Employed Social Security and Medicare Taxes” keep reading Self Employed Social Security and Medicare taxes are sometimes called self employment taxes. These taxes apply on your earned income from…
SBA MicroLoan: The Pros and Cons You Should Know About
It is estimated that one-third of small businesses in the US closed during the global pandemic. Add this to the high failure rate for new businesses and the past few years have been tough for anyone with a startup. But did you know there is one type of funding available even when others have turned you…
Real Estate Agent: 10 Things You Should Know
Are you a Real Estate Agent or looking to become a Realtor? You may have a lot of question regarding real estate agents. Read our article” Real Estate Agent: 10 Things You Should Know” and learn more by reading the questions and answers below. Do Real Estate Agent Make Good Money? Yes. Most real estate…
Bank Statements: What You Need to Know
Many of us who were born in 70’s or before are used to getting our bank statements in the mail and keeping them for long period of time. Either because our parents taught us that or our accountant suggested we keep them. Today we will be discussing Bank Statements: What you need to know. What…