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….
Commercial Real Estate Financing Basics (Best Guide)
Commercial real estate investing (CRE): it can transform your business and skyrocket your wealth. Commercial real estate investing has longtime been a source of additional wealth for both businesses owners and investors alike. But new investors or those who have focused on residential real estate may not have considered investing in commercial real estate properties…
Commercial Real Estate Financing Basics
Commercial real estate investing (CRE): it can transform your business and skyrocket your wealth. Commercial real estate investing has longtime been a source of additional wealth for both businesses owners and investors alike. But new investors or those who have focused on residential real estate may not have considered investing in commercial real estate properties…
Steps to Closing a Business – Do It The Proper Way
Every year in the United States, more than 627,000 new small businesses open up. These can be exciting new ventures that allow you to expand your business experience or explore a new industry! However, not every new business will last. In fact, only around 50% of small businesses keep running for more than 5 years after their opening date….
What Is Step-Up Basis? The Complete Guide (to Legal Loophole)
The step-up basis tax rule saved individuals about $116 billion over the last 10 years. It’s a tax provision that allows you to lock in the cost of assets. Do you know What is Stepped-up Without the rule, you’d pay a significant amount of tax on the appreciation of inherited assets, like stocks or real estate….
Roth IRA Conversion: Pros and Cons
How much you pay in taxes now can have a huge impact on how much money you have to retire with in the future. One way that people can minimize how much they pay in taxes is with a Roth IRA. These are accounts where you contribute money that’s already been taxed and later have the…