Running your own business, or working as an independent contractor, introduces unique elements that can be difficult to factor into your personal financial plan. Some of the common issues that a business owner or independent contractor should consider are included in the checklist below: Ways … [Read more...]
Business Owners or Independent Contractors
Record Keeping for Your Business
Keeping good business records will not only help you stay in business but may also help you increase profits. Your business records let you analyze where your business is and where it's going. They point out potential trouble spots and serve as a guide to where you want your business to be. Your … [Read more...]
Properly Insuring Your Business
No matter how careful you are in running your business, accidents happen. And no matter how big or small your business, you'll have to plan for these and other risks if you want your business to thrive. One way to do this is with insurance. Imagine this: Your custom-made cabinetry business is … [Read more...]
Video: Tax Planning Issues for the Working
Hear Emily Petty and Matt Bellomo discuss tax planning issues for those who are working. Our checklist highlights things you may not have considered that can have a tax impact, planning opportunities, tax saving tips, and more. From family and filing issues to state-specific issues, our quick video … [Read more...]
Compensating Yourself as Business Owner
If you work in a business you own, you may be able to increase your take-home dollars by carefully planning how you compensate yourself. If you're like most owner-employees, you want to get the most out of your company, and that often means minimizing the amount you give to taxing authorities. As … [Read more...]