When you launch a business, you may need one or more employees to help you operate. Or maybe you’ve been in business and have handled every aspect on your own, but now want help. Your first employee may be you if your business is incorporated and you provide services. Having an employee—even yourself—means various tax and regulatory responsibilities. Here’s what to know when hiring your first employee.
Read MoreCryptocurrency offers a massive range of opportunities for savvy entrepreneurs. It is essential to understand the ins and outs of crypto to help you choose a suitable business model. Crypto can be volatile, so it is worth finding ways to invest that allow you to spread the risk.
Read MoreWhen you start a business, your goal is to bring in revenue so you can meet your financial obligations (e.g., pay the rent, cover your marketing costs, etc.) and make a profit. This enables you to stay in business and grow. To do this, you probably are focused on dealing with customers, suppliers, and employees (if you have them). But being in business means taking on a slew of responsibilities imposed on you by the government—federal, state, and local.
Read MoreForm 1099-K, Payment Card and Third Party Network Transactions, is filed by third-party settlement companies. This includes banks and payment processors, such as PayPal, that handle your credit and debit card payments as well as electronic payments. It also includes payments made via Venmo, Cash App, and other such apps.
Read MoreThe number of people feeling isolated has doubled in the past 30 years, a problem that has only been exacerbated by the pandemic. Mental and physical health risks aside—loneliness kills more than obesity does—isolation is the big, counterintuitive missing factor in personal productivity. A body of research is showing that regular, genuinely human accountability support can increase goal attainment by up to 95%.
Read More