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What is Depreciation

When businesses buy a large asset for their company, it gets a place as an asset on the balance sheet. But the accounting that happens behind the scenes is much more important than lines on an accounting statement. What is depreciation? How does it impact my business? Depreciation impacts your current year business profitability. How […]

invoice rules

The United States tax code has some great advantages for business owners. Millions of business owners leave dollars on the table that should be in their pocket every year when filing their personal and business taxes. Whether you operate as a sole proprietor, an LLC, or a corporation, you can lower your taxes and save […]

Profit and Loss Statement

Tax day is tomorrow! If you are like one of the millions of Americans scrambling to get your taxes in before the deadline, you may have come across questions about itemizing your deduction versus taking the standard deduction. While this is certainly accounting jargon, it is a simple yet important concept to understand. If you […]

REPORTS SHOULD YOU BE GENERATING AS A FREELANCER

When it comes to business financing, freelancers and the self-employed are a severely under-served market. Traditional banks and lending institutions are hesitant to provide financing to the self-employed for a couple of reasons. For starters, banks can’t make much money in lending fees because the freelancer’s volume is so low. Additionally, freelancers and self-employed individuals […]

money goes around

Every year, every American that earned money is required to file taxes. Whether you are an individual who only receives income from an employer, a side hustler who earns a little more on the side, or a full-time business owner with a registered business, you can find some interesting insights into your business by reviewing […]

Money Tips

Because of my columns and podcast, I’ve had the pleasure of interviewing some of the smartest people I know about their money habits. The more I do this, the more I realize that successful business owners think about money differently. Not only that, but they are willing to bust through money blocks when they come […]

Payment processing in 2016

Did you know that by the end of 2017 there will be an estimated 2.6 billion smartphone users in the world? With the mobile revolution in full-swing, it’s easy to see why apps have become increasingly popular. In the palm of our hands, we can have a device that texts friends and family, updates our […]

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