The IRS reminds Americans earning over $600 on PayPal, Venmo, or Cash App transactions to report their earnings or else! The passage of the American Rescue Plan in March 2021 means the threshold for 3rd party processors to report transactions to the IRS reduced from...
Setting up a small business is hard but even harder when choosing the right entity structure. Significant differences exist in a corporation, a partnership, a Limited Liability Company (LLC), or an S-Corporation. Which Small Business Legal Structure is Right for You?...
Historically, recessions occur every decade. Some are more impactful than others. And while a recession invariably has negative impacts, some businesses are poised to survive those negative challenges while others are not. What can you do to recession-proof your...
You survived 2021, filed your taxes, and finally received your tax refund. What now? According to the IRS, the average refund in 2021 was $2,873. It can be really easy to take that money and spend it without much thought, and most of us are probably guilty at some...
There’s this idea out there among many wannabe business owners that they must come up with the next completely fresh idea to have a great business. Most small businesses succeed because they learn the key is solving problems with effective solutions. Shows like...
Last week I wrote about working less and testing the 80/20 hypothesis for your business work cycle. This might not apply to you if you’re a pure “solopreneur” — but I’ve also found that “pure” lone rangers are few and far...
