Whether you’re a person or a business, you have to file your taxes. Depending on your business structure, your business tax return may be intertwined with your personal taxes.
Just like people, your business owes taxes on the income it generates. How your company pays that tax depends on its structure…
As a business owner, your focus is likely centered on making money. But as important as it is to produce revenue, there are expenses involved in running your business as well. A cost center is an employee or a department within your company that performs those expense-bearing, necessary tasks.
Finance is almost as good as the government at coming up with needlessly hard to understand words for relatively easy to understand concepts. As a subset of finance, venture capital (VC) is no stranger to this phenomenon.
We recently published an article defining terms like option pool and liquidity preference. And pre-money and post-money valuation are the black…
No doubt, millions of Americans weren’t prepared to lose their jobs or have their work hours reduced by the economic shutdown brought on by the coronavirus pandemic. It is a life-altering event that invites us all to take a hard look at our savings habits.
The personal saving rate, the amount of income left over after people…
No matter how old you are or what you do for work, there is one essential lesson you need to learn to navigate the financial twists and turns of life: how to budget. A budget helps you understand what’s coming into your bank account and what’s going out. That knowledge empowers you with the ability to prioritize immediate expenses while preparing for long-term costs…
Savings accounts are one of the best ways for people to set aside their extra cash. A good savings account keeps your money safe and pays interest, which can help your balance grow over time.
Many people assume they only need to have one savings account to meet their needs, but that isn’t always the case.
Many great business owners are always on the lookout for new business tax write-offs. There are many tax deductible expenses that are straightforward. Items such as depreciation, interest, and cost of goods sold. These expenses happen in the normal course of business and show up on your business tax return on the income statement.