24 March 2015
Did you recently start a small business? If so, congratulations! With this exciting step, you've started a new chapter in your life. However, that new chapter will also mean some new paperwork, taxes and responsibilities. So, where should you begin? The Small Business Administration notes that the most common business structure entrepreneurs choose is a simple sole proprietorship. If this is the case for you, you'll begin by filing Schedule C with your personal income taxes.
18 March 2015
Too often, families end up in debt or in difficult financial situations because they did not take the time to plan a budget. Whether you've created a budget and need to make some changes or this is your first time planning one, these tips can help make the process easier. Figure Out Your Income Before you can plan a budget, you have to know how much income you have. Take your pay and your spouse's pay and combine them, minus any income tax taken out.
18 March 2015
As most people know, the cost of health care and individual health insurance plans can be very high. As a business owner, you have the opportunity to offer your employees group health insurance, which is typically less costly than individual plans, and offers a number of benefits to both your company and the people who work for you. The top reasons to offer group health insurance include: Tax Benefits Most companies choose to pay a portion of their employees' health insurance premiums, while the employee pays the remainder.