While there are many amazing benefits of working for yourself, there is one big pitfall compared to people who work for large companies: retirement plans. Small business owners don’t have 401(k) plan matching, but you do have some options to put away money in a tax advantage account. Find out more about the best self […]
The Benefits and Risks of Outside Investment
April 23, 2013 By Leave a Comment
As your business grows, you may decide it is time to scale up and grow. To do this, you need capital. You can fund the growth from your business earnings, your personal money, or outside investors. The Grass is Always Greener If an investor is ready to put capital into your business, they usually […]
Cash Basis vs. Accrual Basis Accounting
March 4, 2013 By 3 Comments
When you are starting a new business, accounting may be one of the last issues on your mind. However, when you are getting setup for the first time, it is important to think of the long-term consequences of your accounting method. Cash Basis Cash basis accounting works like it sounds, you recognize income and […]
Be Creative to Save on Office Supplies
February 19, 2013 By 1 Comment
Extreme Couponing has become a popular show that shows people how you can save big on things like groceries and household items with coupons. Did you know that deals exist far beyond the grocery store and your company may be able to take advantage? Here are some creative solutions that can help you save on […]
Form W9 and 1099 For Indepedent Contractors
February 12, 2013 By 2 Comments
As a business owner, you will inevitably have to go to outside vendors for products and services. Whether you hired someone to work on your website or provide an outsourced service to a customer, it is important to track and report outsourced costs appropriately. Get a W9 from Each Contractor The IRS form W9 is […]
