Finance Your Business

Why Starting a Business Beats Winning a Lottery

By Bob Adams May 1, 2023

When I was 20 years old and investing every penny I could find into my summer businesses, one of my friends begged me to buy a lottery ticket she was selling to benefit the American Cancer Society. I told her that I don’t buy lottery tickets, and that they aren’t a good investment. She said she ...

How Much Money Can I Earn With My Own Business?

By Bob Adams May 1, 2023

Here’s the hard truth. You can make much more money running your own business than working a normal 9-to-5 job for someone else. Who do you think is the wealthiest person in most towns in the U.S.? The top doctor? The best lawyer? The president of the local bank? No. It’s almost always someone who ...

PPP Loan Forgiveness Status for 2023

By Bill Bauer May 1, 2023

If you received a PPP loan for your business during the pandemic, you may still be able to get forgiveness for the loan. We’ll discuss the requirements and steps for applying. As we enter 2023 and the fourth year of the “new normal” with COVID-19, many small businesses are still struggling. The U.S. Small Business ...

Free Money: Are There Really Free Government Grants to Start a Business?

Team ZenBusiness April 3, 2023

A lot of people watch late-night television and become convinced that there’s a secret vault the government keeps watch over, full of free money for solopreneurs, freelance business people, and anyone else looking to start a small business. Let me ask you: In your experience, is there really such a thing as a free lunch? ...

Tips for Managing Your Taxes as an Artist

By Sophie Turton April 2, 2023

As an artist, managing and filing your taxes can be a complicated and overwhelming task. Like other freelancers, professional artists earn an income that needs to be reported to the Internal Revenue Service (IRS). However, identifying the expenses you can write off and the income you need to declare is not a straightforward process. Whether ...

6 Tax Hacks For Small Business Owners and the Self-Employed

Team ZenBusiness April 1, 2023

One of the best ways to save money and meet your obligations is by paying more attention to your taxes. With a few simple, and most importantly legal, tax hacks, you can enhance your small business in more ways than one. Here are a few tax hacks for the self-employed: Tax Hack 1: Use Tax ...

Tax-Deductible Startup Expenses

By Janet Attard March 3, 2023

Starting a business is costly, but some of your startup expenses are tax deductible. Make sure you don’t miss out on any tax savings by finding out which of those expenses you can write off. Did you start a business last year? Here are deductions you may be entitled to for your startup expenses. (Please ...

Self-Employment Tax Deductions: How They Work

Team ZenBusiness March 2, 2023

Have you become self-employed and begun working from home? If so, you need to be aware of all your legal tax deductions so you can avoid overpaying your income taxes. Here’s how tax deductions work. According to the Census Bureau, there are more than 26 million businesses in the United States that don’t have employees. ...

7 Tax Tips For The Self-Employed

Contributed by SCORE February 28, 2023

Ahh, the joys of self-employment – being your own boss, setting your own hours, doing what you like, and, oh yes, establishing a life-long bond with your accountant. Being self-employed also means being responsible for a wide range of critical tax-related duties. And for most of the more than 20 million self-employed Americans, that means ...

Don’t Wait for Tax Time to Look at the Bottom Line

By C. J. Hayden February 20, 2023

If you want your small business to be successful, make a financial plan and check it against the facts on a monthly basis — then take immediate action to correct problems. That’s the advice of business coach C.J. Hayden. According to Hayden, “Entrepreneurs tend to be optimistic mavericks with a high tolerance for risk. Many ...

Don’t Forget These Tax Write Offs If You’re Self-Employed

Team ZenBusiness February 15, 2023

If you are new to being self-employed, you may be unaware of all of the deductions that you may be eligible to take. While this article simply cannot cover all of them, there are some very important ones that you should not overlook. Home Office If you have an area in your home that is set ...

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