Notes on tax planning, bookkeeping, and running a business — added regularly.
Unlimited personal liability and self-employment tax on 100% of net profit — when it stops making sense to stay a sole proprietor.
Read moreWhy payroll tax problems are one of the most common ways businesses get in trouble with the IRS.
Read moreBusiness owners carry more reporting obligations than individuals — and more opportunities to avoid unnecessary penalties.
Read moreA working capital reserve, an honest look at office space, and going digital where it counts — three habits that separated businesses that made it through the last downturn from those that didn’t.
Read moreThe businesses that track their numbers and hold their team accountable to them tend to outlast the ones that just assume things are working.
Read moreThe most common — and most avoidable — mistakes we see business owners make, from skipping a real plan to underestimating how much runway they’ll actually need.
Read moreOnly about a third of family businesses make it to the second generation. The ones that do treat family, business, and ownership as three separate conversations.
Read moreSkip the headache of staring at a P&L. Supplier relationships, technology spend, and labor costs are usually where the real savings are hiding.
Read moreThe time savings of a company card can disappear fast once trust, use tax exposure, and expense tracking enter the picture.
Read moreThe IRS has to consider settling, has to warn you before a levy, and only has ten years to collect — knowing where the limits are changes how you respond.
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