Planning ahead, filing your business taxes on time and claiming the right deductions can make a world of difference for your company. But most small to medium business owners get overwhelmed by all the tax rules and ever-changing details from year to year. And it’s understandable, considering the U.S. Tax Code is 70,000 pages long.
First things first: Pay cuts are legal as long as they’re not done in a discriminatory way. So, your virtual financial advisors want you to know that if a pay cut isn’t based on an employee’s race, gender or age, then a corporation can reduce their salary as long as it’s at least minimum wage.
Manage Your Small Business Like Its Big Business. Small business is big business in the U.S. In fact, your Miami financial consultants found out there are over 30.2 million small businesses in America (fewer than 500 employees). From high-tech start-ups to private medical clinics to boutique design firms, they all contribute to what’s known as…
The 50/20/30 Budget Rule. Budgeting may sound like an evil concept to most people, because it conjures up concepts of limiting yourself, labeling everything you want as one giant restriction. Some people even try to rename the act of budgeting with positive words such as wealth building process, financial goal planning or dream home system….