Latest Finance News
Mortgage Readiness Tips for Self-Employed Professionals
Getting a mortgage feels more complicated when you work for yourself. Your…
How to Pay Yourself as a Sole Proprietor: A Step-by-Step Guide
You finished a profitable month, the money is sitting in your account,…
What Is a Backdoor Roth IRA? A Plain-English Guide for the Self-Employed
A backdoor Roth IRA is a two-step process that lets high-income self-employed…
What Is Net Income? A Plain-English Guide for the Self-Employed
Net income is what you keep after expenses and taxes. Here is…
What Is a Profit and Loss Statement? A Guide for the Self-Employed
A profit and loss statement summarizes your income and expenses over a…
What Is Cost of Goods Sold? A Plain-English Guide for the Self-Employed
Cost of goods sold is the direct cost of the products you…
Owner’s Draw vs Salary: How Self-Employed Owners Should Pay Themselves
Your accountant just asked whether you have been paying yourself through an…
What Is the Estimated Tax Safe Harbor? A Freelancer’s Guide
The estimated tax safe harbor is an IRS rule that protects self-employed…
Credit Card Processing for Small Business: Fees, Providers, and How to Pay Less
You finally landed a customer who wants to pay with a card,…