S-Corporations are the most common forms of small businesses organization today. This is because they can avoid double taxation of standard corporations and reduce the taxable amount from their earnings. Keep reading for the best ways to get money out of your S-Corp.
As a small business owner, especially in certain industries like construction or real estate, you know unexpected financial setbacks can happen at any time. A business line of credit could be the emergency plan you have been looking for.
Being in business can be challenging, especially when it comes to filing taxes properly. If your business is an LLC or S corporation, ask your tax professional if the QBI deduction introduced by the 2017 Tax Cuts and Jobs Act applies to you.
The main goal of any business is to make profits. Interestingly, despite making profits, some business owners still find themselves short of cash and unable to account for some of the expenditure. If you are one of those people, it's time for you to learn more about the balance sheet and embrace it.
Every month you receive a financial statement in the mail from your accountant. The numbers on your monthly financial statement are trying to tell you about the health of your business. Understanding these statements isn't boring once you realize that growing your business depends on those little numbers.