Business Owners
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Taxes
Taxes: How to Pay the IRS
There are several ways to pay the IRS, including via check or wire transfer.
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Small Business
How to Get SBA Loans for Women
You can find many resources available, and one of them is the Small Business Administration (SBA).
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Investing
Top 10: The Most Profitable Service Businesses to Start
The top 10 most successful businesses to start in the service sector all require little to no funding.
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Budgeting
Budgeting for Freelancers: How Can I Avoid These Common Mistakes?
Being a freelancer has plenty of financial perks. For a start, the typical freelancer salary or payment depends on how much money they need. To clarify, when they need additional funds, a freelancer could easily take on more projects, and vice-versa. However, starting your own freelance business requires you to carefully manage your finances. In short, effective budgeting for freelancers…
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Budgeting
Should You File Jointly or Separately?
Most married couples file their taxes jointly. This approach enables them to combine their income and utilize larger deductions or tax credits. For instance, the married filing separately child tax credit is much more limited in comparison to a joint return. Above all else, when you decide whether to file jointly or separately, it is important to keep in mind…
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Budgeting
Offline Businesses With Low Startup Costs
Digitalization paved the way for entrepreneurs to launch online businesses with low startup costs. Moreover, many people that have little-to-no capital are participating in this transformation. Remote work, though, isn’t for everyone. Plenty of entrepreneurs still prefer to do it the old fashioned way, but there is one obstacle in the way: Money. Opening a physical brick-and-mortar business requires a…
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Insurance
Why Your Business Needs Cyber Insurance
Firms and entities of all sizes appreciate the role of a general liability business insurance policy. For a small monthly premium, entrepreneurs can get hundreds of thousands, if not millions, in coverage. In turn, this protection takes care of different types of problems, including workers’ injuries, lawsuits from customers, and more. However, even though businesses heavily rely on technology, not…
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Loans
A Business Loan vs. Grant: Which One?
When looking for solutions, every business owner and entrepreneur knows that there is no one-size-fits-all approach. Each entity is unique, and their approach depends on their industry, size, business model, location, and structure. However, every company needs capital and funding in order to grow. Some firms are able to qualify for a private or federal small business grant. Others, meanwhile,…
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Budgeting
The Best Online Budgeting Tools for Taxes
In a previous article, we outlined the advantages of using online budgeting tools for your taxes. We also discussed how the IRS customer service team may offer free support and guidance. These different tax-preparation methods can save you plenty of money and time, while enabling you to discover new deductions and credits. Some of the most prominent apps include PocketGuard,…
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Budgeting
The 2020 Inflation Adjustment and Your Health Premiums
Starting next year, inflation will impact the average monthly health insurance cost and the Medicare premiums 2020 rates. More specifically, even if your income doesn’t change, inflation might diminish your taxable earnings. In turn, you may qualify for lower premiums and tax savings. Having said that, higher health insurance options are also on the table. If your income increases, so…
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