Tag: small business tips

One of the challenges of running a small business is that every dollar counts. This means that while paying by credit card may be convenient for your customers, it likely isn’t as convenient for your business, which winds up paying service fees as high as 3% in order to receive your money quickly. Yuck. But […]

Sole proprietorship If you’re making money on your own and aren’t sure how the IRS is going to classify your income, chances are you’re a sole proprietor and didn’t even know it. A sole proprietorship is a business that is owned by a single person. You can either be running an unincorporated business or an […]

When I started my solo law practice at the beginning of 2015, I knew it would be hard—everyone tells you it’s going to be hard. I took a whole class my last year of law school that could have been named “Solo Practice Is Hard.” Heck, I’d seen my Dad start a solo practice, not […]

One of the dreaded tasks of owning a small business is doing your own bookkeeping and accounting. When you fall behind on your books, it can become very disheartening. You’re continually trying to dig yourself out and get caught up, only to get more behind. Soon, it seems easier to just put the bookkeeping tasks […]

Your business has grown large enough that you need to hire an employee or two. Congratulations! Now that you’ve finished the hiring process, it’s time to make the next big decision: how to pay people. As a business owner, you have a few of options when it comes to handling payroll. You could handle it […]

So you decided to quit your full time job to start your own business. Congratulations! That’s a big step. However, now you’re likely to have a new concern: how to pay taxes. After all, in the past someone probably automatically withheld your income tax for you. Don’t worry–it’s a fairly straightforward process. Now that you work for […]

Recurring billing is a great way to grow your business, since you keep getting paid month after month. As you add new customers, those monthly payments really start to add up. But the real question is, are you building the kind of business that people want to keep paying you for each month? If you […]