You check your profit and loss report. Looks solid. Then your bank account tells a different story. And when it’s time to apply for financing, sell the business, or file taxes, someone’s raising their eyebrow at your numbers. That eyebrow? It’s pointed straight at prepaid expenses. This is one of the most common accounting mistakes […]
Banks, Buyers and the IRS All See the Same Red Flag. Do You? Read More »
Breaking up a business partnership? Sorry to say it, but the IRS doesn’t believe in clean breakups. Even if everyone agrees to walk away like grown-ups, the tax side can still sneak up and bite you. Here’s what to watch out for before you call it quits. 1. You Might Owe Tax on “Phantom Income”
How a Business Breakup Becomes a Full-On Tax Nightmare Read More »
Thinking about hiring help? Maybe you’re drowning in tasks. Maybe you’re missing growth opportunities. Or maybe you’re just sick of doing everything yourself. Totally fair. But before you post that job listing or message your cousin’s friend who “needs something part-time,” slow down. Can your business actually afford to hire? Here’s how to use your
How to Tell (Fast) If You Can Afford to Hire Without Guessing Read More »
