Free Continuing Education for Small Business
Added by Dermound Becker on October 15, 2010 at 10:32am — No Comments
As a business owner, the IRS requests that you file quarterly estimated taxes (Form 1040-ES). As an employee, taxes are usually withheld from every paycheck, so the final April 15th burden is spread out over the year, before the money is ever enjoyed or spent. Owners do not typically have this luxury of spreading the burden out. So the IRS has tried to make it “easier” for owners to pay their taxes.
You will owe the taxes come April 15th, and if you are unable to pay them in full,…
It’s exciting to open a small business. You have passion for your product or service, and motivation to work hard to make it successful. It may be tempting to dive in head first and leave some of the details for later. However, how you classify your business up front will affect you in may ways down the road. If you’re confused about whether you should consider sole proprietorship, partnership, corporation, or limited liability corporation (LLC), here are some of the advantages and…Continue
Added by Dermound Becker on October 15, 2010 at 10:30am — No Comments
A small business typically runs on a tight budget. You have probably created a budget based on known expenses versus expected income. If you’re ahead of the game, you likely have a slush fund stashed away for a rainy day. But what exactly might that rainy day be? Will you be prepared, or could it devastate all you’ve worked so hard to gain?
We all know that financial advisors tell the average person to keep a fund equivalent to at least six months of salary for emergencies. Do you…
Added by Dermound Becker on October 14, 2010 at 1:30pm — No Comments
It is a necessary evil of doing business – employers must carry workers’ compensation insurance in every state. Many small business owners are taken aback with the cost of workers’ compensation insurance. However, there are a number of things you can do to help control your insurance costs.
Workers’ compensation costs are calculated by multiplying a general class code rate (the riskier your business venture, the higher the base rate will be) by your modification (mod) rate. Your…
Added by Dermound Becker on October 14, 2010 at 12:30pm — No Comments