Uncategorized
8 Cash Flow Management Tips for Entrepreneurs
Entrepreneurs have to carefully balance the money coming in and out of their business. Here are a few tips to help you manage the bottom line. Key takeaways: Cash flow is the money that comes in and out of the business, culminating in net cash after expenses are paid. 8 cash flow management tips for…
Read MoreSuccession Planning and Taxes: What You Need to Know
If you own a business, planning for future transitions and taxation should start now. Key takeaways Business structure matters for taxes, whether it’s a pass-through entity, S or C corporation, or another entity The Tax Cuts and Jobs Act lowered the corporate tax rate, and it also created the qualified business income deduction for pass-through…
Read MoreShould You Hire a W-2 Employee or a Contractor?
When you need more people for your business, weigh the pros and cons of hiring an employee versus an independent contractor.
Read MoreHow Do PPP Loans Impact Business Taxes?
The Paycheck Protection Program (PPP) was first introduced under the CARES Act, and the latest relief bill clarified specific tax implications.
Read MoreHow to Avoid Overpaying Tax on Mutual Funds
Mutual funds can be taxefficient investments – that is, as long as you are aware of the strategies necessary to avoid overpaying the IRS Investing in mutual funds is a way for investors to pool security ownership with other investors. But when you’re considering taking advantage of the benefits of mutual funds, make sure you…
Read More