Blog

The IRS grants tax exempt status to certain types of organizations in order to give relief of some financial burden. This status must be applied for. Once granted, your organization will be able to have business income that is free from federal taxes. This can greatly improve an organization’s chances of success, thereby enabling it to do the most public good possible.

In today's world, you need to work smarter, not necessarily harder. To accomplish this, you should take a closer look at generating passive income. Rather than always struggling to earn a few dollars here and there, it pays to find ways that will have your money working for you, rather than the other way around. If you're ready to be anything but passive about earning more income, here are nine ways to generate passive income.

Negative items on your credit report can stay there up to seven years. That’s a long time to pay for a financial mistake, especially if you’ve since improved your financial habits. Your credit report directly impacts your credit score. This helps creditors to determine if you are a good risk. But negative items could keep you from getting the best interest rates on loans and credit cards.

Whether you have an existing business or are an aspiring entrepreneur who has dreams of being your own boss, you realize it takes plenty of money to start a business or keep it growing year after year. If you rely solely on loans, you may soon find yourself greatly in debt, assuming you can even get the loan in the first place. Rather than face this dilemma, you may instead want to explore the world of government business grants.

When you own a small business, every dollar counts. Unfortunately, many business owners don't take this philosophy to heart, leading them to make various budgeting mistakes. While some mistakes are relatively small and can be easily corrected, others can have a devastating impact on a business.

As a business owner, you know it's important to not only bring in revenue, but also limit your company's expenses. Yet, since there are so many expenses associated with your business, you know it can sometimes be hard to keep track of everything. Should tracking expenses fall by the wayside, you and your CPA know this can take you from having a very profitable business to one that is barely surviving.

Owning your own business has significant tax advantages. Ask anyone who has gone from being an employee to being their own boss and they’ll tell you the deductions alone make it all worthwhile. Still, many business owners are missing out on a fair number of deductions. This may be for a combination of reasons. Maybe they don’t use a CPA, they don’t completely understand how to track expenses, or something else.

In the wake of the pandemic, more employees are returning to the workplace. Although we may be in for more as far as new virus variants, it’s looking like the swell of returning to the office environment isn’t going to withdraw any time soon. Making the workplace safer for returning employees isn’t just a courtesy; it’s the best way of doing business.

Firing an employee is never a pleasant task. No matter what the history is, it’s challenging to make sure you’re firing the employee the right way. Doing so will help to ensure that there is no aftermath to the firing beyond the need to replace that employee. The U.S.