Quick Guide to 1099-Misc

Guide to 1099-misc A 1099-misc is an income reporting form for businesses. The most common use you will see is business owners using it to report to the IRS if they paid someone to do contract services for their business.  This is called Box 7 “Non-employee...

Automating Your Invoicing in Wave Accounting

One of the most important elements of starting and running a business is creating a system for getting paid. There are many different options out there, but one of my favorites by far is Wave Accounting. This is the first in a four-week series going through ways to...

How to Take Control of Your Profit

  Income (or Revenue) is how much money you receive. Profit is how much money you have left after expenses. Profit = Revenue – Expenses What if my profits are dismal? One of my favorite business books is Profit First by Mike Michalowicz. He is a serial...

Create your Personal Budget Plan + Freebie

In my last post I talked about making a making a plan for your money. Today I want to focus on the personal side. The reason this is important is because it is the foundation of your finances. You need to know how much money you're going to need each month to meet...

Is Budget A Dirty Word?

Admit it, when you look at your bank balance online or on an ATM receipt, you assume that’s how much money you have to spend. Well, I have news for you, your bank account is lying to you. The days of keeping a ledger at the back of our checkbook are gone (I know who...

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