What You Need to Know About Estimated Taxes – Foster Financial
There are millions of U.S. workers that are self-employed, many of whom are part of the growing gig economy and are taking side jobs. Self-employment can have complicated tax implications and knowing how to navigate through them can become a challenge. Trying to understand all the tax laws regarding self-employment can get overwhelming. Below, you […]
Small Business Health Benefits – Foster Financial
I have a small business, but I am worried about my employees’ health. What are my options? One of the biggest concerns for any small business, whether LLC or S-Corp, is making sure that your employees’ possess adequate insurance. Whether it’s an HSA or an HRA, it is vital for a small business to offer […]
10 Changes Affecting 2020 Taxes – Foster Financial
A plethora of changes occurred in the tax sector in 2017, some of which are still coming as the 2020 tax season approaches. Whether you are filing for yourself or your business, it will be worth it to hire a professional for a tax strategy planning session. A knowledgeable professional will navigate the complications brought by economic […]
Deciding to Own or Lease a Business Vehicle – Foster Financial
There’s a lot to consider when deciding on buying or leasing a vehicle for your small business. Depending on your situation, you may require the freedom of purchasing for your business or settle on leasing the vehicle until the end of the term. If you have a business to run, then you’re probably looking for the […]
Why Small Business Owners Should Invest in a Solo 401k – Foster Financial
Solo 401ks (also known as Self-Directed 401ks) allow the investor to make a variety of different investments and allows a person who is self-employed or is an owner-only business to still get a 401k as a way to save for their retirement. These Solo 401ks are also straightforward to administer and allow for higher tax […]
Expenses You Can Deduct on Your Vacation Turned Into a Business Trip – Foster Financial
As a business owner, you may try to turn your vacation into a business trip so you can deduct some of the expenses that you will occur while you are away. As long as you set up a few business meetings before you leave, you can still spend time relaxing and enjoying the sites […]
Tips to Turn Your Vacation into a Business Trip – Foster Financial
As a business owner, you are probably lucky if you take a vacation every year. When you do, you are probably still on the clock, worrying and thinking about your business. For this reason, you might as well work while you are on vacation and try to deduct some of your expenses as a business […]
Advantages of SBA Loans – Foster Financial
If you are a business owner, you might want to look into an SBA loan for funding. The U.S. Small Business Administration offers these loans, which you can use for almost anything. Though there is a lot of paperwork to get an SBA loan, there are many advantages that may make you want to consider […]
Do You Qualify for an SBA Loan? – Foster Financial
If you have decided that an SBA loan is just perfect for you, you aren’t alone. In fact, it can be hard to qualify for because so many small business owners want to take advantage of a low-interest and long-term loan to help them grow their business. These loans are often very affordable and can […]
How to Keep Your Costs Low and Your Benefits High with HRAs – Foster Financial
Even if you have a small business, you need to have health coverage options for your employees. Not only is it mandated under certain ACA regulations, but many of your prospective employees will also put health coverage high on their list of requirements. If you are trying to provide high-quality benefits to your employees but […]