What is a Sole Proprietorship?
One of the first decisions you have to make as a new small business owner is choosing the type of legal entity to operate under. While seemingly minor, this decision will have a significant, long-standing impact on both the liability protection and tax implications for both the business, and yourself as the owner. It is […]
IRS War Chest: What $80 Billion in New IRS Funding Means for the Small Business Owner
The Inflation Reduction Act , passed in August 2022, didn’t have much in it that impacted the average small business. However, one number in the act did start to get peoples attention – $80 billion (well, technically $79.6 billion – but we’re rounding up). This $80 billion is to be allocated to the IRS over […]
How to Manage Your Small Business Finance Function
The average small business owner is caught in a bind. You have customers to please, employees to manage, inventory to procure, vendors to negotiate, and seemingly never enough hours in the day. As a result, your company’s finance function often falls by the wayside. Best case scenario, you’re overseeing the financials by reviewing the company’s […]
