Why make estimated tax payments?
Basic terms to be familiar with when choosing a business entity.
When examining whether an HRA is appropriate for a sole proprietor, it’s important to look at cash flow, not just the pure tax savings.
Some examples of how breakeven analysis works for service providers and not-for-profits.
Are HRAs always appropriate for sole proprietors? An HRA will almost always save on taxes, but maybe not as much as advertised.
This is part 2 of an explanation of estimated tax payments. In Part 1, I detailed the math behind the tax formula. In Part 2, I’ll explain why a taxpayer might want to make estimated tax payments. Here’s the reason: if you’re fully self-employed, you don’t draw a paycheck in the traditional sense. Since you […]
Further examples of breakeven analysis for small businesses.
Are HRAs always appropriate for sole proprietors? Usually, but not always.
A brief introduction to breakeven analysis for small businesses. How to determine the point at which you’ll sell enough to at least break even.
In this post I offer some tips on how to choose bookkeeping software for your small business.