This post contains affiliate links. What is accounting? The concept of “accounting” refers to how a business records, processes, organizes, and understands its financial information. Following these accounting tips for single member LLCs helps you properly...
A lot of different words get thrown around in business such as freelancers, independent contractor, and gig workers. I get comments under All Up In Yo’ Business epsiodes (which you should subscribe to here) about these roles and their possible differences. So,...
I posted recently about how to pay yourself in a single-member LLC, and now we’re going to cover how to pay yourself in an S Corporation. There are virtually zero rules or requirements when it comes to paying yourself in a single-member LLC. But paying yourself...
Your business is profiting but you’re still unsure of how to pay yourself in a single-member LLC. Figuring out how to pay yourself in a single-member LLC can seem confusing. Which would explain why this is a common question I get asked. The good thing is that...
Can I Deduct Mileage and Auto Expenses? Tax deductions are a popular topic among business owners. When you can and can’t deduct mileage and auto expenses is one of the more common questions that come up. Since I am not a CPA or a tax expert, I always recommend that my...
Previously, I discussed how to pay yourself when you are the owner of a single member LLC. In an effort to not “single out” the single member LLCs, I wanted to also discuss how to pay yourself in a multi member LLC. Luckily, how to pay yourself in a multi...
