One of the biggest risks of being an entrepreneur is being able to financially support yourself while starting a business. This can be incredibly difficult to do because, when you’re starting up, cash flow may be tight or non-existent. Furthermore, if there is any cash flow, you will be torn with the choice of using […]
4 Ways to Reduce Taxes for Self-Employment
July 26, 2012 By Leave a Comment
Everyone is always looking for ways to reduce taxes. And it can be even more important for owners of small businesses, because you bear an even higher tax burden than a regular employee. 1. Deduct Your Valid Expenses The first thing you can do is make sure that you are accurately keeping track of […]
3 Ways Banks are Becoming Entrepreneurial
May 21, 2012 By 2 Comments
According to the dictionary, entrepreneurial means “willing to take risks to make a profit”. Based on the years leading up to the financial crisis, that would be an accurate description of banking practices worldwide. Banks were doing anything they thought they could to make a profit. However, since 2009, it has been rare to see […]
Preparing for Small Business Taxes
April 5, 2012 By 1 Comment
The formation of a small business can be an exciting endeavor, but doing so does come with its own set of concerns and regulations. By far the most important and complicated issues facing new entrepreneurs stems from the unique tax laws that specifically affect small businesses. The process of filing taxes for small businesses differs […]
How to Manage Multiple Credit Cards, Without Messing Up Your Finances!
March 22, 2012 By Leave a Comment
Credit cards are wonderful financial tools, but it can get confusing when you have more than two or three. Remembering the payment due dates and interest rates can be a chore, so it is very important to be organised and have all of the information on each credit card written down. Automatic Payments If you […]
