How to Reduce Inflation in Business: Survive Inflation with these Tips! Inflation is an economic situation that materializes when the price of goods and services rises over a sustained period. Consequently, the purchasing power of a country’s currency is reduced. What happens during inflation? Businesses typically raise prices, accept lesser margins, or reduce production costs […]
How to Pay Yourself as a Small Business Owner (LLC, S-Corp, C-Corp) Every small business owner needs to calculate how much to pay themselves out of their business. Without a boss to write a paycheck, what should the owner be paying themselves? How much should be set aside for taxes, for savings, and for retirement? […]
Retirement – How to save as a small business owner Learn how to manage self-employed retirement plans to secure your future business endeavors. As a small business owner, you are responsible for your retirement and possibly your employees’ retirement benefits. Retirement is the only way to secure a guaranteed stream of income after you stop […]
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