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...
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!...
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...
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...
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...
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...
