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Top 6 Accounting Tips for Single Member LLCs

Top 6 Accounting Tips for Single Member LLCs

by Aiden Durham | Jun 21, 2022 | How to Pay Yourself, Taxes

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...
Fact or Fiction: 6 Super-Common LLC Myths

Fact or Fiction: 6 Super-Common LLC Myths

by Mariah Stewart | May 27, 2021 | All Up In Yo' Business, LLCs, Running Your Business, S Corporations, Single-Member LLCs, Starting a Business, Taxes, Trademarks

When starting a business there are a lot of things you hear through the grapevine that you may think to be true. Though what you’ve heard may actually just be common LLC myths and cost you in the long run if you believe them to be true. So let’s bust them!...
Employee or Independent Contractor: What the States Say About It

Employee or Independent Contractor: What the States Say About It

by Mariah Stewart | Apr 8, 2021 | All Up In Yo' Business, Contracts, Running Your Business, Starting a Business, Taxes

Let’s continue the conversation about independent contractors and employees. Last time we discussed what the IRS says about properly classifying employees and independent contractors. It’s important to understand the difference between an employee and an...
Employee or Independent Contractor: What the IRS Says About It

Employee or Independent Contractor: What the IRS Says About It

by Mariah Stewart | Apr 1, 2021 | All Up In Yo' Business, Contracts, Running Your Business, Starting a Business, Taxes

We’ve previously discussed how the terms “independent contractor,” “gig worker,” and “freelancer” all mean the same thing: basically, they are all self-employed and not an employee of someone else. It’s important to know...
Does My Business Need An EIN?

Does My Business Need An EIN?

by Mariah Stewart | Mar 11, 2021 | All Up In Yo' (Personal) Business, All Up In Yo' Business, General, LLCs, Online Business, Single-Member LLCs, Starting a Business, Taxes

Starting a business comes with many decisions. One being, “does my business need an EIN?” Let’s backtrack to what an EIN is. So what exactly is an EIN? They are employer identification numbers or tax Id. numbers. Simply put, an EIN is equivalent to a...
How to Save THOUSANDS on Business Taxes in 2021

How to Save THOUSANDS on Business Taxes in 2021

by Aiden Durham | Jan 7, 2021 | All Up In Yo' Business, Corporations, LLCs, Running Your Business, S Corporations, Single-Member LLCs, Taxes

New year, new tax season! The beginning of a new year is the perfect time to reassess your business and find ways to improve your bottom line, including reducing taxes. Aside from properly tracking expenses and taking tax deductions, there is one thing that you can...
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