Making the decision to quit your job to pursue self-employment is a tough one. You are leaving the world of comfort and familiarity (and a steady paycheck), for a world full of unknowns.[Read more…] about 5 Things to Consider Before Taking the Leap into Self-Employment
As a small business owner with a growing income, you can take advantage of one of the greatest parts of being an American – writing off expenses to lower your tax bill! I save thousands of dollars each year by knowing the rules of what I can write off, and if you are missing out, you could be giving away far too much of your hard earned cash!
As you all know, I’m busy outside of my day job. In addition to my full time gig as a financial analyst, I run two companies. I have a blogging and online media company and a flash mob company. To protect myself from personal liability, I have an LLC for each. To ensure my LLC does its job, I have business bank accounts for both.
Many Narrow Bridge Finance readers work on a side project or hobby outside of their main job to earn side income. While managing the finance for side income is only a small project early on, as the company grows it becomes more complicated. At that point, it is best to decide if it is worthwhile to create a legal company for business operations.
January was a fun month and one that helped me build a little on my net worth. I had the rare family-funded vacation and spent hardly anything for the first two weeks of the month. Since returning, I have had a couple of expensive evenings out, but in general this month was fairly typical.
If you are a small business owner or freelancer, you have undoubtedly been faced with deciding how to accept payments. While the term “cash is king” applies in certain situations, in the electronic age you have to be ready to take credit card too.