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 […]
Section 179 Deduction: Property you can deduct! As a business owner, you want to maximize your earnings by claiming all possible tax deductions. Taxes are complicated, and they’re considerably more complicated for small-business owners, freelancers, and people with side hustles — especially now, as filers consider the tax implications of small-business assistance programs and […]
How to Automate Payroll Accelerate Your Franchise Business With Payroll Automation! All franchised businesses have one thing in common – they need to pay their employees efficiently, accurately, and reliably. No matter how strong your franchisee’s business brand, your company is nothing without the assistance of your key staff. Inaccurate or error-prone payroll or the […]
Should You Hire W2 Employees or 1099 Subcontractors? When running a business, every entrepreneur must decide whether to hire employees. Once your business grows to the point where hired help is necessary, the choice becomes whether to hire W2 employees or 1099 independent contractors. This decision is important because these types of employees operate […]
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 […]
Government stimulus available for small businesses Plan for your small business; the government can and will help! Small businesses take time, energy, and money to become a success. From opening your small business to maintaining everyday operations, small business funding is vital. You must have a consistent cash flow to cover the company, employees, tools, […]
Life, health, and commercial insurance: What you need as a franchise owner. Growing your business with a franchise organization strengthens your partnership with the franchise owner. But how do you strengthen your own business? Franchise insurance is the best way to strengthen and protect your franchise from unforeseeable events! Why Insurance is Important as […]
Why You Should Join Franchise Organizations as a Franchisee Want to strengthen your franchise, remain educated, and elevate your network (and net worth)? Try a franchisee organization! Joining a franchise organization is an effective means to improving your relationship with your franchisor. The best part about owning a franchise is the fact that you are […]
Understanding Your Potential, Next Investment: Complementary Franchises Are you a franchisee who experienced great success with your first franchise location? You’ve come to the right place! Perhaps you’ve worked closely with and taken the advice of knowledgeable Franchise CPAs to avoid legal trouble and tax-related headaches and are now considering alternative ways to grow your […]
