5 Things To Watch Out For In Your Business
Starting or running a business is hard. But you've got this! Here are five areas to pay attention to, so that you remain strong and viable: 1. Understanding the difference between contractors and employees. For many startups, when the work becomes too much for the founder, they don’t have the cash flow for a full-time employee. Instead, they hire a contractor on an as-needed basis. There is a huge body of law between the IRS and the Department of Labor defining an emp
5 Things you are Doing Right in your Business
Starting or running a business is hard. But you've got this! Here are five things you are doing right that should increase the odds that your enterprise will be strong and successful: 1. Your corporation holds annual meetings of shareholders and directors. One of the differences between corporations and limited liability companies is that corporations are required by statute to hold an annual meeting of shareholders and an annual meeting of directors. Generally in the s
Looking Back and Looking Forward
My year-end was a rush to complete tasks before the calendar year-end. Some years are like that. Now, I need to take some time to reflect on the business. Some business owners start reflecting as the fourth quarter starts. Others, like me, do that at the beginning of the first quarter. You can review the finances with both your CPA and your financial planner. There are still some tax-saving strategies that can be employed in January for the previous year. You can check wi
