Learn how to set up payroll for remote employees, including classifying employee types based on their roles and locations, and choosing between service providers and manual processing to ensure compliance with employment laws.
Should you pay taxes on your gross income or net income? This article explains the differences and highlights the importance of meticulous bookkeeping to stay on the right side of tax regulations.
Embracing an organized lifestyle isn’t just about conforming; it’s a smart move that brings real-world advantages and elevates your business pursuits. Dive into the world of strategic organization and learn actionable steps to fuel your journey towards unparalleled success.
Feeling discouraged as a self-employed professional when your business doesn’t meet your expectations? Don’t let setbacks define your attitude. Discover the transformative power of resilience. Learn how to bounce back, set realistic goals, and embrace a positive mindset. Your path to success starts by shifting your attitude. Read on to find out more!
Many self-employed professionals believe they can automatically deduct all expenses from their vacation as business travel. However, the reality is different. This article aims to demystify the misconceptions surrounding deducting vacation expenses and provide clarity on the IRS guidelines.
Have you identified all the critical functions and operations that need to be prioritized during a disaster? A Disaster recovery plan ensures that your business can continue operating during and after a major disruption. Use these steps to help you plan for the unexpected.
Paying yourself is not a luxury but a necessity. It fosters financial stability, cultivates a healthy mindset, and lays the groundwork for sustained success. By doing so, you not only fuel your own growth but also become an inspiration to others, creating a thriving and supportive community of self-employed professionals.
Being self-employed is an incredible journey that offers freedom, flexibility, and the opportunity to pursue your passions. However, one of the greatest challenges faced by self-employed individuals is the uncertainty that comes with an irregular income. To overcome this uncertainty, embrace the power of intentional financial management.
As a self-employed business owner your tax obligations fall directly on you. Being familiar with the taxes you may owe allows you to be prepared throughout the year. You are the party responsible for all taxes due. Are you prepared?
At the end of the day, or year, you may find that you’ve missed critical steps in the management of your small business that will have a negative financial impact if left unattended.
