From the category archives:

Financial Services

How to Prove Income When Self Employed: 5 Effective Ways

More people are self-employed in the U.S. now than at any other time since 1957. What’s more astonishing is that number was reported at the end of 2019, well before COVID-19 upended the workforce and forced millions of people to look at their employment options. If you’re one of the 68 million freelancers and self-employed […]

What Is the Difference Between a 1099 and a W2 Tax Form?

According to the 2018 Small Business Profile, there are 30.2 million small businesses in the United States who employ 58.9 million people. As the owner of a business, you may be wondering, “What is the difference between a 1099 and a W2?” Keep reading to find out everything you need to know about the different […]

The Best Financial Tax and Accounting Software for Small Businesses

Do you run a small business? It can be amazing, but it can also come with many challenges, particularly in the era of lockdown and Covid-19 in which 100,000 businesses across the world are said to close down shortly. But another challenge of running a small business is tax and payroll. How do you decide […]

What Percentage Does a Small Business Pay in Taxes?

Out of the thousands of business owners in the U.S., about 20% don’t know the percentage of taxes they have to pay. As a small business, you have a lot of responsibility on your shoulders. The last thing you want to try to figure out are taxes. Yet, if you don’t, you could face stiff […]

3 Loan Applications Mistakes to Avoid for Small Businesses

Is your business in a cash crunch? Do you need some money to sort out a financial emergency? Taking out a small business loan is an ideal way to raise the money you need. However, most mainstream lenders have a reputation of not lending money to small businesses like yours. This, though, doesn’t mean you […]

What Is the Best Way to Pay off Student Loans?

Are you struggling to pay off your student loans? Who isn’t? With the average student loan debt hovering over $30,000, there’s no doubt millions of graduates across the country are struggling to settle their debts. Your situation can get worse if you don’t find a job soon after graduating or if the job you have […]

Help With Finances: 5 Useful Tips and Tricks

Finances: we all know how much they affect every aspect of our lives. But despite that, we too often wait until a major life event like a wedding, homeownership, or natural disaster to get our financial house in order. Getting ahead of these events means taking proactive steps now. It’s normal for beginners to need […]

From Merrill Lynch to Thin Air: Whatever Happened to Prabir Purohit?

Merill Lynch’s full name is Merrill Lynch Wealth Management. Their success is so incredible and so widespread that you’ve almost certainly heard the name even if you didn’t quite know what it was talking about. Merrill Lynch finds the best people in the world of investment banking to entrust with their clients’ investment funds. Read […]

How to Find a Small Business Accountant: This is What You Need to Do

You started your small business because you have a passion for what you do. You provide a service or product that is what you do best—but what about the rest of it?  For many small business owners, the love for what they offer can lose a little luster when it’s time to crunch the numbers. […]

A Simple Guide to Nonprofit Accounting: This is What You Need to Know

There are over 1.5 million nonprofit organizations in the U.S. All of these organizations are bound bu the tax code and donors to show transparency. Nonprofit accounting is much different than personal or business accounting. There are higher standards to meet to ensure their tax-exempt status is legitimate. Keep reading to learn more about accounting […]