ACCOUNTING

The self-directed solo 401(k) is a highly flexible and profitable plan for long-term wealth creation. The combination of flexible investments, high contribution limits, payroll deductions, tax-deferred growth, and liberal allowances for employer contributions makes self-directed solo 401(k) a smart move for small businesses with substantial income potential and free cash flow. Designed for small businesses, […]

Running a business of your own requires you to constantly look after multiple fronts. This is especially true for small and medium-sized businesses that don’t have too many resources to fall back on. One of the most important factors that many entrepreneurs and business owners tend to overlook is how they are going to be […]

Dealing with your company’s finances can be an overwhelming venture. If you have no better experience in managing your business money, you might slip into bad financial habits that can potentially harm your company later on. This makes the use of accounting programs beneficial for your day-to-day operations. Ideally, accounting software is considered a lifesaver […]

As a fellow business owner of a sole proprietorship, I use and recommend Quickbooks Online as the best accounting software because of its excellent combination of power, flexibility, value and the ability to expand with your growing company. Plus you (and your team) can access it from ALL of your devices (mobile, online and desktop). […]

Whether you’re a storefront, e-commerce or service, the end of the year is hectic for every type of business.  The year’s end is a strange time for businesses because everyone is trying to phase out older models while simultaneously trying to introduce new ones.  There’s a lot of unknowns and lots of shifts, but the […]

Sending and receiving payments are essential business operations. With the rise of digital solutions, cash and credit cards are not the only viable payment options anymore, whether it’s a customer paying for a service or an employer paying his online suppliers or remote team. Digital payment solutions are rapidly catching up in terms of popularity, […]

The bottom line has come to mean the essential and vital truth of a matter for a reason — and that reason is that money is the foundation of the business world. In this regard, it makes little difference whether you’re a cutthroat profiteer working to become rich or a committed altruist trying to make […]

Being a self-employed individual means that you have to keep track of all your daily financial records for business and tax purposes. Money is the backbone of your business – no matter if you are a freelancer, solopreneur or a consultant.   As such, being able to track both your incoming sales and outgoing expenses […]