The Impact of QBI on Your Business Withdrawal Strategy We get a lot of questions about the best ways to take money out of a business and how this money is taxed. Essentially, for S-Corporation owners, there are two main ways to do this: Owner’s Draw or W2 Wages....
An Overview of COVID EIDL Program Changes This September President Biden announced an expansion of the COVID-19 EIDL program, making a number of changes so that it is more accessible to small business owners. You can read a full breakdown by reading the fact sheet...
Mastering Business Growth Through 5 Key Metrics With 99% of US businesses classified as a small business, there is no doubt that they are the backbone of the U.S. economy. US laws provide a low barrier of entry for entrepreneurs to cultivate startups across the...
No matter how savvy of a business owner or leader you are, not only will there always be the opportunity for a blind spot to exist, but there will always be one at every point in time. A business blind spot is basically the lack of knowledge or understanding of some...
How to Transition from Bookkeeping to Accounting There is often a misconception that bookkeeping and accounting are the same thing. While bookkeeping and accounting are both essential functions, there are some important distinctions between the tasks of a bookkeeper...
