Insider Tips on When to Create an S Corp
When should my business create an S Corp? I hear this question all the time. S Corp is a popular and often talked about option for business owners, but you should consider this option carefully. The extra responsibilities are not a fit for all. Let’s review insider tips, both positive and negative, so you can…
Simple Guide to Proactive Tax Planning for the RV Entrepreneur
Living life on the road as an RV entrepreneur or digital nomad is an exhilarating adventure, but it comes with unique financial challenges. If you own a business, then you need to be focusing on proactive tax planning for the RV entrepreneur and digital nomad. In this guide, we’ll explore the strategies and considerations that…
Are You Prepared to Be Your Own Boss?
You want to be your own boss. This sounds like a dream come true, right? No more running around after someone else. You get to pick the projects you work on and maybe even choose your own hours. Plus, if you’re the boss, you can create the kind of business that you really love. Being…
5 Reasons Why Entrepreneurs Need Tax Services
Are you looking to start or grow a business to help you live your dream nomad life? Are numbers, finances, and taxes the thing you avoid? Are you struggling with where to begin, and how to register, and want to make sure it’s all done right? Here’s why RVers and nomadic entrepreneurs need tax services.…
Do You Need an EIN for a DBA? Exploring the Essentials
Starting a business involves navigating through a multitude of legal and administrative requirements. One such consideration is whether you need an EIN for a DBA. Let’s chat about whether snagging an EIN should be on your to-do list when it comes to your new DBA. I’ll help you understand whether obtaining an EIN for a…
Easy Tips to Deduct Health Insurance as an S Corp Owner
Health insurance can be a big expense and is an important item to consider as a self-employed individual. Did you know there’s a way to get it tax-deductible? Let’s dive in and learn how to deduct health insurance as an S corp owner. 1. Be an eligible S corp owner Only certain individuals are eligible…
5 Important Things to Know About Form 1099-K
There’s a lot of buzz around the new changes to the 1099-K Form and now you’re trying to figure out if and how they affect you. Or maybe you’ve only recently heard about Form 1099-K for the first time. Regardless of how much you know (or don’t know) about Form 1099-K, here are 5 important things you…
What’s so Special About Limited Liability Companies (LLCs)
Everyone seems to want to start an LLC but what makes Limited Liability Companies (LLCs) so special? Let’s break it down so you can understand the importance of LLCs. What’s special about LLCs? LLC owners are called members. Single-member LLCs have one owner. Multi-member LLCs have two or more members and by default are a…
How to Overcome 6 Common Small Business Financial Beliefs
Just like in life, running a small business comes with its own challenges — especially in the area of finance. Here are 6 tips to overcome small business financial beliefs. Small Business Financial Beliefs 1. I don’t know what I’m doing. Let me ask you this. Did you know exactly what you were doing when…
3 Important Reasons Why You Need to Separate Business and Personal Finances
There’s usually a to-do list when starting a business. This is to help set yourself up for financial success with this new venture. At the top of that list should be to separate business and personal finances. Remember this business is separate from you and your personal finances. Yes. They are tangled because hopefully the …