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Tax season 2023 is a critical time of the year for both individuals and businesses.  It determines how much tax they owe or how much they’ll receive in a refund. This year IRS has reported that 92% of the 2022 returns were e-filed. It marks a significant shift away from paper-filed returns. This year, the […]

Smart Growth and Scaling your business is a goal that many entrepreneurs aspire to achieve.  It requires careful planning, preparation, and execution. And, that is only possible with standard operating procedures and tools. Entrepreneurs like you can streamline operations, increase efficiency, and reduce costs with these. Businesses need certain processes and tools to grow. Using […]

Overlooked Self-Employed Insurance When you pulled the trigger and decided to “free” yourself from working for someone and became a freelancer, you probably felt this sense of power.  You can now make the decisions and do the kind of work YOU want to do!  Being a freelancer has many perks; flexibility, opportunities, independence, control, TAX […]

Tax Implications of Crowdfunding With the advent of crowdfunding platforms, it has become easier for individuals and small or new entities to raise capital. According to the 2021 GoFundMe Giving Report, the platform has raised more than $15 billion since 2010. The report notes that the fastest-growing campaign categories are newlyweds and animals. The easing […]

It is crucial to monitor cash flow to ensure the continued prosperity of your business. Looking just at the revenue or the bottom line is a common error made by young enterprises. Significant revenue or net profit from Profit and Loss statement does not mean you have cash in the bank and can fulfill your […]