Whether you’re a seasoned investor or exploring investment opportunities for the first time, you probably don't need us to tell you about the importance of managing risk through diversification of your portfolio. When it comes to diversification, there are several ways you can go about it. Rather than looking at diversification through a lens of different investment types, here we're going to explore hybrid funds specifically. Why are they an ideal vehicle if you're looking to diversify..
When running a business, it’s imperative the books you have are in tip-top shape. Therefore, it’s important you know the basics of taxes at the very beginning to avoid any tax issues later on. 3 Basic Tips To Dealing With Business Taxes 1.Hire A Bookkeeper and Tax Professional You really want someone on your payroll who knows about taxes, and that kind of someone better be a professional. A tax professional can get your book in order and provide you with advice on tax-related informat..
A business owner gets to come up with a budget for a paycheck – for him/herself. It sounds great, doesn’t it? You get the freedom of having the salary you want. However, it’s only good in theory. The majority of business owners have a tough time knowing what to give themselves. They often ask themselves three key questions: Should I pay what I need to handle the expenses? What can my business afford? What was my previous salary like before I began my business? The best th..
Many entrepreneurs will keep their business’s financial details in their head… for good reason. They don’t have to worry about software crashing, learning a new piece of software, etc. However, in order for business owners to succeed, they need to ensure that their books are correctly lined up, and keeping it all done by head can get confusing. Plus, failure to keep accurate records could mean trouble with the IRS (Internal Revenue Service). 5 Bookkeeping Tips To Ensure Your Busine..