As many employees have enjoyed commute-free workdays, less stress and better work-life balance, their employers have also benefited from remote work by paying lower wages than they otherwise might — preventing higher wages from feeding into a so-called wage-price inflationary spiral, the researchers said.
Read MoreA recession or economic downturn is a business owner’s worst scenario. As it might affect not only your personal finances but also threaten your business’ survival. The impact of a recession on your business at times can be hard to predict.
Read More“How can I make money as a Notary?” That’s one of the most common questions I hear from Notaries. Whether you’re a new Notary or a seasoned signing agent, here is a list of things you can do right now to boost your brand, make yourself known to more customers and earn more money as a Notary:
Read MoreDeductible business expenses help entrepreneurs with many of the costs of running a company. Business owners know that most expenditures can be written off, although there may be limits and timing. Check out the most common tax deductions for small business.
Last Spring the IRS released data showing the common deductions taken on sole proprietorship returns. Other entities claim the same types of deductions — C corporations, S corporations, partnerships, and limited liability companies (LLCs), although you may find slightly different rules for some deductions.
See which ones apply to your 2019 tax return and think about which may impact your 2020 tax year for purposes of estimating taxes and business planning.
See a roundup of the most common tax deductions claimed on Schedule C of Form 1040 or 1040-SR by sole proprietors (including independent contractors and one-member limited liability companies not reporting elsewhere) as determined by the dollar amounts. The first three categories produce by far the largest write-offs.
Read MoreAs a business owner, managing people is by far the toughest responsibility of all. Every person is different, unpredictable, and motivated by a unique set of factors. And while good hiring practices will mean smooth sailing most of the time, every business owner will eventually encounter tough situations. Knowing how to respond will help you avoid making costly mistakes
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