Profitable Small Businesses Do These 7 Things
Profitable small businesses do a great job of protecting their profits. With some careful planning and intention, you can too! Here are the seven things that all profitable small businesses do. Let’s dive in. 1. Separate your bank accounts Keeping your business and personal bank accounts separate is one of the simplest things […]
When does my business start paying taxes?
The Short Answer “When does my business start paying taxes?” is a question I hear a lot. But the short answer is that your business probably won’t start paying federal income tax anytime soon. Wait, what!?! Well, there’s a reason for this, and it’s because most businesses are considered pass-through, or flow-through, entities. […]
Should I form an S Corp?
Forming an S Corp has become an extremely hot topic in today’s financial world. In a lot of ways, forming an S Corp can be a great business decision, but there can be some disadvantages that need to be considered. What is an S Corp? When I talk about forming an S Corp, […]