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2024 Startup Questions Every Entrepreneur Should Answer
If you’re thinking about becoming an entrepreneur, you might have more questions swirling around in your mind right now than you can count.
10 Steps to Starting Your Business in 2024
Starting a new business is rarely a walk in the park. First-time entrepreneurs often underestimate the journey from a concept to a real-world business.
10 Common Mistakes to Avoid when Starting a New Business: For Small Business Owners in 2024
The process of starting a small business can be an arduous one; there are numerous steps that need to be taken — and often in a precise order — to legally establish a business. As a result, the process can be overwhelming. Unfortunately, it’s also easy to overlook some important details and steps along the way.
What is an S Corporation, C Corp, and LLC: What they are and why they matter in 2024?
There’s a lot of buzz around the S Corporation Election and its implications for businesses. Let’s clear the air and help you make informed decisions.
Hobby or Business? Understanding the Difference According to IRS Rules
When you’re passionate about something, it’s easy to lose track of time—and money—pursuing it. But if that passion starts bringing in cash, it’s time to ask yourself: Is this a hobby, or have I inadvertently become a business owner?
Home Office Tax Deduction : Work from home FAQs, Rules, and more!
The home office deduction allows qualified taxpayers to deduct certain home expenses when they file taxes. To claim the home office deduction in 2024, you generally must exclusively and regularly use part of your home or a separate structure on your property as your primary place of business.
Combining a Vacation with a Foreign Business Trip? 2024 Guide in Maximizing Your Tax Deductions
When a self-employed individual embarks on a business trip outside the U.S., and the journey is entirely for business, all ordinary and necessary business travel expenses are deductible—just as if the trip were within the U.S.
Avoiding Tax Audit Nightmares: The Importance of Keeping a Mileage Log
I’ve got some real talk for you about that car of yours. No, not about the latest car wax or sweet rims—today, we’re diving into the world of taxes. That’s right, taxes. Don’t snooze on me now; this is important!