You may have started writing your blog because of a passion you have, but, if you’ve started making money with it, tax time can be somewhat stressful. As someone who isn’t used to running a business, you are likely to be making the following accounting mistakes because you don’t realize how your actions can affect you when it’s time to do your taxes at the end of the year.
Not Separating Out Business Income and Expenses Read More»
Keeping an eye on your finances is key to a successful business, but it may not be your forte if you come from another background. There are some strategies that you can take to both have a strong handle on your finances and save most of your time for other tasks.
Let a Specialist Do the Work
First of all, there are several reasons to have a finance person who is designated to do most of the legwork. Read More»
Managing the financial aspects of running a business can seem like a daunting and overwhelming task for anyone to do. This can be particularly true during tax season. Unfortunately, there are some individuals that may make the mistake of assuming that some common misconceptions about this aspect of managing a business are true. By learning the reality about the following financial myths, you will find yourself in a far better position to make sound choices for your needs. Read More»
The oil industry—or its support industries—can be a “boom or bust” line of work. When times are good, an oil-field worker can bring in as much as six figures annually. But when the price of oil drops or other outside forces push costs up, workers can be laid off in a heartbeat.
If you’re starting work in the oil fields, then it’s important to follow a few guidelines for maintaining a healthy financial life even in these volatile times. Read More»
Owning a small business means there are a lot of responsibilities that fall onto the shoulders of the owners. A small business owner’s work is never done and there is a lot of paperwork that needs to be done to stay on top of things. The time to process the taxes for your small business can be stressful, but there are a number of things that you can do to get your taxes in order before you hire an accountant. Read More»
