Unexpected events, even seemingly minor ones, could hit your small business much harder than you expect. That’s why you need to protect your hard work by purchasing the right type and amount of insurance. For a new small business owner, the insurance landscape can be difficult to navigate.
Here’s a guide to the basic requirements and other options available for safeguarding your successes.
For most businesses, having a physical location to meet, work and operate in is essential to the success of the business. One of the first steps in acquiring property for a small business is the decision to buy or lease office space. There is no right or wrong answer here as every business faces their own set of unique factors and budgets to make this decision with.
Whether your business is stable and established or still quite green, leasing or buying an office space will require that you consult an advisor who specializes in bookkeeping services because they can help you determine how much you can afford to spend on property as well as the cash available you have to use for scouting locations with. Below are a few more matters to consider when making your decision to buy or lease real estate for your business: Continue reading →
If you haven’t heard- the 42 state lotto, Mega Millions is over half a billion dollars. Since we’re finishing out tax season we thought it would be good to highlight one last tax post. We’ll discuss the taxes on your lotto winnings, as well as gross income generally.
If you are from New Hampshire, Tennessee, Texas, South Dakota, Washington, California, Pennsylvania or Delaware you will win the biggest in tonight’s drawing- winning between 3% and 9% more than if you were from any other state because you won’t have to pay state income taxes. However, all winners must count the winnings as income and are subject to the Federal income tax of 35% (or maybe more depending on your specific situation). Continue reading →