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That new employee may be a blessing that will help you reach new heights of productivity and profitability, but when it comes time to prepare your new payroll you will find headaches and expenses galore that just might have you wondering what you have gotten yourself into. Learn your obligations concerning your employee’s payroll tax and avoid costly mistakes or, worse, running afoul of the [...] For the vast majority of entrepreneurs, most of their business income is filed on the Schedule C of their 1040. Learning its traps, tricks, and opportunities can go a long way toward saving money on taxes and avoiding audits and hassles by the [...] Don’t let the self-employment tax take you by surprise! Understand what self-employment tax is and how to plan for it in order to save yourself money come April [...] When you cook, do you consult the recipe book after having already prepared the meal? When you have sex, do you wait until you’re done to put the condom on? What about, do you starting preparing your tax return after the end of the year? What do you mean, “two out of three ain’t [...] The boring, white bread retirement plan isn’t just for the hoi polloi, entrepreneurs, business people, and other high achievers absolutely cannot afford to overlook its virtues; which go far beyond just tax [...] How Harry Potter, Landon Donovan, and my two year old son can teach you a simple trick that will give you more success in life and [...] How much did I really make? Learn the secret of calculating your business’s net income! Don’t passively wait for the IRS to decide your fate if you owe taxes. Learn your options and potential strategies now, before it is too [...] Learn to sell yourself in the whatever business that makes sense for you now; even as you keep one eye always fixed on the big picture and the rewards that lie [...] Sign the Kauffman Foundation Pledge to Build a Stronger [...] |
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