Even though it’s nice to think that your small business credit is completely separate from your personal credit, the reality is that your personal credit does matter. One of the essential pieces of advice given to just about anyone who starts a home business — or any type of business — is that you need …
Small Business Credit Reality: Your Personal Credit Matters Read More »
As a freelancer, you don’t get paid vacation or employer-subsidized health care. Here’s how to create a benefits package as a freelancer. One of the most challenging aspects of being self-employed is replacing the benefits package you might have had when working in corporate America. In fact, before making the switch to freelancing full-time, it’s …
How to Create a Benefits Package as a Freelancer Read More »
After years of listening to my accountant recommend this course of action, I’ve finally changed my freelance business to an S Corp election. Pretty much since I switched accountants, Eric Nisall been trying to convince me to change my tax election to S Corp. And, finally, after gently reminding me to “consider” it for four …
Why I’ve Changed My Freelance Business to an S Corp Election (Finally) Read More »
Do you dread tax season? All the paperwork and scrambling can be stressful. Here are three tips that can make life easier at tax time. I have a confession. It’s almost April and I haven’t got my tax stuff together. I’ve never waited this long to get going on my taxes, and I feel a …
Are you getting a PayPal 1099-K? You just might be. Get ready for a little extra paperwork. I hope you keep detailed records as a home business owner because if you are issued a PayPal 1099-K, you’ll need them. It’s true that you should have good records regardless, but the 1099-K is likely to cause …
3 Things Your Home Business Should Know about the PayPal 1099-K Read More »
At some point, your home business may grow into an out-of-home business. When that day comes, consider these three tips for setting up your new office. I recently moved my home office to a new room, completely redid the setup, and got a new desk. I love my new situation. However, it also got me …
