So, you’ve earned some extra cash? Isn’t it time that your cash works just as hard as you? Well, then there is no better time than now to start thinking about retirement contribution plans. Not only will you be investing in your future, but the IRS will even give you some perks. Not all retirement […]
Sole proprietorship
8 Loans Small Business Owners Should Know About During the Coronavirus Outbreak
We get it. The news regarding how the recent coronavirus pandemic is affecting small businesses is alarming. With weeks or even months ahead of us before we see nonessential services return, companies are making hard choices to stay afloat. Before you panic, know that the government and private lenders at every level are listening. They’ve […]
LLC vs S corp- Which is the best for freelancers?
As a freelancer, you’ve probably heard the words LLC and S corp floating around. And you probably need to decide which one to form. But who wants to spend their time thinking about which business entity to choose? BO-RING. You wish that the decision would just go away. Kinda like in Labyrinth when Sarah wishes […]
Can you afford to be an S Corp?
S corps have a lot of buzz about them. If they were at Beverly Hills High in the ’90s, S corps would be the Cher of the school: popular, sought after, and a total betty despite their flaws. But like Cher, S corps cost some serious cash to maintain. Sure, you don’t have to have […]
Why are you still a sole proprietor? It’s time to switch
There comes a moment in every young freelancer’s life when it’s time to level up their business, kind of like if Ralph Macchio went from The Karate Kid to The Karate Man. Sure, it never happened, but that dreamy brown-eyed teen idol couldn’t stay a kid forever. Just like Ralph Macchio grew out of wax […]
How to Pay Yourself When You’re a Freelancer
Whether you’re first starting out as a freelancer or you’re a self-employed freelancer who’s already making money, it’s vital to understand how to pay yourself. After all, one of the best parts of being self-employed is that you’re responsible for your own salary. How do you take money out of your business so you can […]