The Four Day Work Week Bill & What It Means

There has been so much chatter lately about the bill that congress is trying to pass for a four-day work week. Now, you may be thinking “Oh, that’s great!”, not necessarily for a lot of people. It’s a very fine line of who’s all for it and who’s all against it.    It’s probably now...

8 Ways to Set & Maintain Healthy Work Boundaries

Establishing boundaries early on will help you navigate your workplace, avoid toxic environments, and create a clear path that will enable you to achieve your best work without being exploited or burned out.   Does your work email get checked outside of working hours, for example? If a problem arises, are you available on Slack 24/7?...

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Many of us can remember the days of posting a job in the newspaper. While hiring methods have certainly evolved since the digital revolution, the ability to reach a wider audience has led to even more competition. This being said, every business at some point will need to invest in their job advertisements.  As we...

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Clearly, there is a lot of attention on the growing gig economy as workers continue to create their ideal arrangements and businesses benefit by embracing the future of work.  While we have explored and outlined the direct benefits to hiring a virtual assistant, the whole process of finding the right one for you can be...

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There is a lot of bad financial information out there- to put it lightly. What’s even worse is that while this information comes from a variety of sources, your broke cousin for one – it also comes from people who claim to be “professionals” in the “financial field”.  Trusting your financial operations to someone that...

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Because paying taxes is an important responsibility for any business, it’s critical that you understand when your taxes are due.  Yesterday, we took a look at the important tax/ payroll deadlines in March, and if you haven’t checked it out, we highly suggest you do so here: Important Tax Deadlines for Business Owners March 2022. ...

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Being self-employed has many advantages, everyone else sees that you get to set your own hours, be your own boss, and price your own products/services. But what may seem like the “ideal” and “perfect” situation to others are actually their own disadvantages. The responsibilities hidden between the lines of these so-called “perks” are enough to...

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‘Self-employed individuals are business owners, but not all business owners are self-employed.’ “Huh?” So, you own a business; while this may technically mean that you are self-employed, the IRS has rules to sort out and classify those who are self-employed and those who are not.  So, what are the types of self-employments? Before we take...

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Ignorance is bliss… Until it runs you into the ground. Chances are, whether you are a business owner, founder, entrepreneur, CEO, etc. (or just a human being for that matter) you prefer to spend your time on the more “fun” side of things.  We all do. However, this is no excuse to have anything less...

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We hear this question on a regular basis; “Which is better, Netsuite or Quickbooks?” You may be hoping to see a straightforward answer, but the truth is that this question is riddled with complexities, therefore it’s important to first understand how these systems differ.   In any critical decision-making process, you:  Identify your needs and wants...

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Tell us if this doesn’t feel familiar…. Frequently, it feels as though everyone in their field of profession is berating you for doing something the “wrong way”. The “wrong way” – according to them. You’re “wrong” because you don’t utilize a specific type of accounting software, you’re “wrong” because you do your own bookeeping, etc....

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Take a moment and briefly visualize that you are back in your last season of high school frantically preparing for college.  Where this ‘new’ and ‘exciting’ phase of your life curbs your enthusiasm and instead blinds you with its high price tag. As I recall back to this point of my life, I distinctly remember...

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With 2021 behind us and tax season right around the corner, now is the time business owners start booking their appointments to meet with CPA’s to work on and submit their tax returns. The natural expectation here is that your accountant files on time and works diligently to lower their clients tax exposure and avoid...

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As technology continues to evolve and become more and more accessible, it has become a vital element of business management. In fact, at least some type of accounting software can be found in organizations of various sizes.   However, as your business continues to grow, you may face a situation where your accounting software is no...

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After the end of each year, business owners are required to prepare 1099 forms to report payments to non-employees and others. While it’s normal to make a mistake on a 1099 form, it’s imperative to correct it for both the Internal Revenue Service and the payee.  Today, we’re going to give an overview of 1099...

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Most people associate the start of a new year with inspired resolutions and improved goals; to business owners, the new year welcomes the first quarter, new opportunity, and most importantly: tax filing deadlines.  The IRS requires different forms, rates, and filing dates depending on the official business entity of your company; furthermore, if you fail...

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Those who are self employed usually face specific challenges when trying to secure funding for their personal endeavors. Due to a lack of a steady paycheck and/or inconsistent income, lenders may feel more resistant to loaning the necessary funds. For this reason, lenders will typically ask for a greater amount of documentation to determine whether...

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An emergency can happen when you least expect it, and in business, the right insurance can help save the owner from significant financial loss. This is why it’s imperative that startups have a business insurance plan to help them make payments against legal liabilities and any claims against the company.  However, a majority of small...

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There are numerous doubts, fears, and questions that go into starting and running a business.  However, within this realm of uncertainty you know one thing will always be certain: you will have to pay business taxes. If you have ever seen the consequential effects of not keeping tax compliant, you understand how critical it is...