When you invoice a customer or client, there are certain expectations for both sides. Just as your clients expect you to complete the work they are being billed for, you expect them to do their part and pay what is due, on time. Business owners should use payment...
It can be easy to overlook the importance of opening a business bank account, especially if your business started out as a side gig. Bear in mind that using your personal bank account for your business finances will make tax season a headache, and can even be risky,...
Tax season isn’t generally an exciting time for very many people. For most of us, it gives us a sense of frustration, confusion, and stress. For small business owners, taxes are even more complex. Particularly for new small business owners who only recently left...
Cars play a crucial role for many small business owners, with many self-employed individuals using them for much more than a brief commute to the office. As a small business owner using your personal vehicle for work purposes, you may be eligible to write off your car...
Among the many write-offs available to self-employed individuals and small business owners is the mileage tax deduction. Although similar mileage deductions are available for charity, medical use, or moving expenses, this tax write-off is largely used by those who...
There has been a surge of new business applications in the last few years since the pandemic. And new data from the US Census Bureau confirms that the surge continued throughout 2022. 5 million new US businesses were created in 2022, up 42% from the rate of new...
