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Although it may sound like a ton of paperwork (which, to be clear, it is), this time of year also presents tons of savings opportunities for smallbusinesses like yours. With January in the bag, most smallbusiness owners have sent out tax forms to their employees and independent contractors.
Dear smallbusiness owner, Where to begin? You’ve adopted new protocols and new methods of doing business. As a smallbusiness owner, you have the most demanding job in the world—and you’ve done that job throughout one of the most challenging years in the 21st century. Reinvest in your passion.
Your accountant can help you with that, or you can learn about them in the IRS Tax Guide for SmallBusiness. With a separate business checking and savings account, you’ll be able to easily track money coming in and out of your business.
A reader writes: I work for a smallbusiness with a homeoffice on contract. The owner’s wife (who has a full-time job so we never see her) manages the finances; I’ll call her Jane. She’s being rude and insulting, involving me in your personal finances, and making it hard for me to do my job.
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