Designing a business plan lets you make informed judgments on daily decisions. It will serve as your guidepost since you can benchmark the results with your targets which, in turn, give you insight into the company’s financial health. For instance, small business owners will likely file their taxes themselves due to the sometimes-misguided idea that […]
What is an LLC, and When Should You Set Up One for Your Business?
You may have heard the term before, but you were not sure what it was or if it is something you needed to explore for your business. This short article will address the who, what, when, and why of LLCs. A Limited Liability Company (or LLC) is an organizational structure that clearly separates the owners’ […]
S-Corp Filing Is Due But What Do You Know About S-Corps?
Tax filing due dates vary depending on how you’re structured as a business or company. For S-Corp businesses, March 15th is the magic filing date. But, what is an S Corp tax structure and how do you know if you should form one? What are the benefits or drawbacks of an S Corp tax structure? […]
Be Financially Fit — Annually Check Your Credit Score Report
Get closer to reaching your financial freedom. As a card holder and user, make a habit of checking your credit score report. Set an annual alarm to remind yourself of this essential financial obligation. Earning money takes effort. Protect finances just by monitoring your credit score report. Know the reasons why it is essential and […]
Plan Ahead is the Key for Being Ready for Tax Filing
Know the essential things to prepare before filing taxes and avoid unwanted scenarios. All of us are legally required to pay taxes, therefore, it’s up to each of us to understand the process of filing taxes. From knowing the right documents and forms to use to knowing when they need to be filed or when […]