Are you ready to grow your construction company or building business and take it to the next level? Before you do, there are a few things you should consider. #1 BOOKKEEPING NEEDS TO BE DONE RIGHT TO SLEEP AT NIGHT…

Are you ready to grow your construction company or building business and take it to the next level? Before you do, there are a few things you should consider. #1 BOOKKEEPING NEEDS TO BE DONE RIGHT TO SLEEP AT NIGHT…
Are you starting your new construction company or general contractor business? Today, Sonia Narvaez – Licensed CPA, shares 3 Things to Consider when Starting a Construction Company. Sonia has 25 plus years of accounting experience. And by now, she has…
The Internal Revenue Service (IRS) recently announced new procedures that may allow certain expats to become complaint with their United States tax filing obligations and even receive relief for their back taxes regardless of whether or not they have relinquished…
The Foreign Earned Income Exclusion and Foreign Tax Credit benefits usually alleviates the need for most expats to pay US expat taxes. However, expats still need to file taxes annually if their gross worldwide income is over the filing threshold,…
If you dream of becoming a successful entrepreneur, you’ll have to invest some money and energy into making your vision a reality. Business News Daily reveals that even starting a small micro-business costs about $3,000. If you have a subpar…
Working as a freelancer can give you so much flexibility and freedom. If you’ve just started as an independent contractor or freelancer and haven’t given any thought to your taxes by now, you could be making a big mistake. Taxes…
While all businesses must file an income tax return each year, simply determining what your business owes the government and what deductions your business may be entitled to can leave some business owners confused and not maximizing their potential for…
Thousands of small business owners applied for and received Paycheck Protection Program (PPP) funds. The SBA-backed loans were designed to help businesses keep their workforce employed during the COVID-19 pandemic. Borrowers can apply for forgiveness once all loan proceeds for…
The $1.9 trillion American Rescue Plan that passed in March expanded the Child Tax Credit. For 2021, the child tax credit amount has increased from $2,000 to up to $3,600 annually for children under 6 and up to $3,000 annually…
An ITIN, or Individual Taxpayer Identification Number, is a tax processing number only available for certain United States non-resident and resident aliens, their spouses, and dependents who are not eligible for a Social Security Number (SSN). It is a nine-digit…
Managing money is an essential part of business ownership. After all, the goal of your operation is to turn a profit. But many entrepreneurs and small businesses tend to overlook the finer details of their finances. Though you may be…
An S corporation is a small, closely held corporation that essentially operates as a pass-through system in which any income and losses pass through the business owner’s personal tax returns. One of the biggest benefits — and often reason why…
Federal and state taxes can be a complex and often times a confusing topic, especially for digital nomads and expat business owners who live abroad yet want stay in good graces of the United States. Digital nomads often face unique…
Many of us want to go on vacation in Orlando but who can afford it these days? With the rise of inflation, the family budget is getting squeezed more and more as time marches on. Not only have necessities like…
Florida Families Wait IRS Decision Florida is one of just 19 states that have provided inflation relief payments in 2022 to some of its most hard-hit families. Since Florida does not require its residents to file state income taxes, these…
There are a few things that you should know about the Buy Now, Pay Later feature from Apple. The plan is pretty simple where your total purchase price is divided into four equal payments and there is no interest or…
Many businesses have been greatly affected by the labor shortage and have had a difficult time securing enough staff to keep up with demand. With school being out for the summer, now is a great time for businesses to hire…
Mental health has been a major buzz topic in today’s workplace. In an interview with Fast Company, businesswoman Ariana Huffington highlighted the importance of employers taking into account the mental health of their employees. She notes that today’s workforce is…
In a leaked recording, Elon Musk can be heard telling SpaceX employees that the Starlink satellite internet business won’t go public until 2025 at the earliest. In 2019, Musk told employees that a Starlink spinoff and IPO might happen in…
Small business owners need to buy liability insurance. There are are two types: general and professional. General liability is a necessity. It covers medical expenses, property damage, and legal fees. In addition, it covers false advertising and personal liability (e.g.,…
Due to increased costs, restaurant owners are being forced to increase their prices, which is affecting business lunch eaters. Lunchflation is a newly coined term that refers to the increase in food prices at lunchtime. With labor and ingredients becoming…
Social media influencers have become much more popular during the recent years and some of them are able to make a living just by promoting posts. When you hire an influencer you want to make sure that they are related…
Rising gasoline prices have caused the IRS to raise the standard mileage deduction rate. Starting on July 1 and ending at the close of the 2022, the per mile rate will jump from 58.5 cents to 62.5 cents for business…
Believe it or not, there is a difference between a bookkeeper and an accountant. A bookkeeper is responsible for maintaining financial inforamtion and recording daily transactions. An accountant on the other hand is more responsible for generating reports and talking…
There are many different marketing rules that some entrepreneurs will swear by. One of those is that you have to be able to grab someones attention. If you aren’t able to grab their attention then you will never be able…
In his new book The Illusion of Control, Jon Danielsson is about our love-hate relationship with finance. For an economy to grow, banks need to accept the right amount of risk. The problem is, no one knows what that level…
Small business owners often feel swamped with menial tasks. Although, many of these tasks are essential for success in the business world, and most take less than an hour to complete. For example, it’s essential to apply for an Employer…
Although remote work has risen over the years, the average cost of flights has remained relatively consistent since 2019. Savvy travelers know that the cheapest days of the week to fly are Tuesdays and Wednesdays, as they are typically the…
There are several features associated with credit cards that are valuable incentives for new applicants. For those people who already have a credit card, there could also be offers or rewards that they could be using. If you want to…
Digital nomad visas are spiking due to workers being freed from having to work in the office. Such visas pave the way for remote workers to work and live legally in a certain country over time periods spanning from one…
Steve Jobs was known a a tough taskmaster, but he also could be very encouraging. Is encouragement beneficial? A 2018 study from Drexel University concluded that “facile encouragement” isn’t useful. The problem with simply telling someone that they can do…
In 2012, I got my dream job at Google, but it turned out to be difficult. I worked 14-hour days in between a long commute. A break due to unplanned surgery put me behind in my work and forced me…