Family members can be great for business. There are a number of positive results when a business relies on kinship: financial benefits, tax benefits and the growth of the business. But one needs to consider proper planning when involving family in business affairs. One positive impact in family businesses …

There is nothing wrong with being an employee. It’s often more secure and less risky than starting your own business. But if you really want to earn more than your usual income from your 9-5 job and several gigs, you have to start your own business. Starting a business is …

If you’re working at home whether as a self-employed or an employee, you can deduct particular expenditures for the part of your home that you use for your home-based business and/or employment. When deducting such expenses in your home for business purpose, you should consider the following: Use your home …

It is nerve-racking to make money through self-employment. However, making money can be even more stressful during the time when taxes are computed and collected out of your business income. To avoid the stressful impacts of tax collection, here are some important questions and answers for you to be fully …

It’s almost the last day of tax day and some people have yet to start gathering their documents for the filing of tax returns. According to survey, 20 percent of Americans wait until April to file their tax returns. Tax experts will tell you, though, that it’s not a good …

Hiring family members into your business has many advantages. Of course, you won’t understand why if you haven’t started doing it yet. First, you can have financial benefits by doing so. Second, you are entitled to tax benefits for your business. Third, it can help you establish a wonderful opportunity for …

A lot of people dream of starting their own business. Everybody wants to be his or her own boss. There’s nothing better than to craft a plan without the constraints from other people, implement it with your own sense of deadline, and reap the fruits of your own labor. But there’s …

There is nothing wrong with being an employee. It’s often more secure and less risky than starting your own business. But if you really want to earn more than your usual income from your 9-5 job and several gigs, you have to start your own business. Starting a business is …

This rant is addressed to those who have not filed their taxes yet for the last 5, 10 years — whatever it is.   Whichever industry you’re in, you probably don’t know the IRS is out there watching you on social media. And maybe you’re thinking that you’re off the radar. …