Tag: small business
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Are You Dreaming to Start a Business?
Entrepreneurs, now is the time to seize the opportunity and kickstart your business dreams! One compelling reason lies in the tax deductions available for startup costs. From market research to legal fees and professional services, the IRS permits entrepreneurs to deduct up to $5,000 in startup expenses in the first year of business, with the…
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Could Your LLC Save Thousands In Taxes?
Are you leaving money on the table? Discover how an LLC’s S-Corp election can slash your taxes! Electing S-Corporation status for your LLC can lead to significant tax advantages, especially when considering a $100,000 profit. In a standard LLC setup, the entire profit is subject to self-employment tax and income tax. However, with an S-Corp…
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From Affordable Meals to Sticker Shock!
How quickly things have changed? Recently, social media went abuzz with the shocking revelation of a popular combo meal at McDonald’s costing a whopping $16. It left many cringing at the inflated prices we’re encountering these days. Little did I know, I would experience my own version of sticker shock at one of my favorite…
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Support Small Business Saturday
As the holiday season kicks into high gear, it’s important to remember the heartbeat of our communities: small businesses. This Small Business Saturday, let’s celebrate and support the vibrant entrepreneurs who pour their energy into every product and service they offer. These gems contribute not only to the economy but also to the unique character…
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How Do You Turn $1 Into $2?
How do you turn $1 into $2? Why was I so confused? It was my fellow Christian Father, GC, who asked this simple question, and I couldn’t come up with an immediate answer. The mental block stemmed from the notion that a solitary dollar couldn’t possibly fuel any investment. I quickly went to my go-to…
Faith, Finance & Fatherhood 