If you're in the process of moving from self-employment to a more formal startup business, one common problem that you may face is cash flow. To start a successful business you will need sufficient money to build a strong foundation. Startup business loans are a great option to help you get access to the funding that you need. Here are a few things that you need to know if you are trying to use small business startup loans. 

When you are starting a new business, the structure or business entity that you choose makes a difference. Many new entrepreneurs have to decide between an LLC (limited liability company) and a sole proprietorship. The truth is that there isn’t one single answer to the question of LLC vs. sole proprietor, and you should obtain the help of a qualified business advisor to make this decision. 

As a property manager, accounting is part of your daily life. In addition to dealing with all the challenging tasks of property maintenance and tenant or owner issues, you have to monitor the books. Many small property management companies find a paper accounting system sufficient - until they start to grow and expand. If you are struggling to keep up, paper may be holding you back. It may be time to switch your property management accounting system from paper to software.

In our past blogs, we’ve talked about some of the tax deductions you can get as a landlord. But guess what? None of those tax deductions matter if you don’t have the records to claim them. 

If you’re a small business owner who is considering hiring a business advisor, you probably want to learn more about what advisors do before moving forward. Business advisors, or business consultants, take care of several tasks, making it easier for you to run a successful business. Check out some of the top tasks that small business consultants handle. 

There are a few differences between a traditional IRA and a Roth IRA, and it is important that you understand these distinctions when you are choosing your retirement savings platform. Both types of retirement savings accounts can be beneficial, and you should talk with an accountant or qualified financial advisor to make the decision based on the best tax savings strategies for your individual needs. 

No question. Today’s tax laws are complicated. Many individuals are confused about which credits and deductions they can claim on the 2016 return. Even if you use professional tax preparation services, it’s a good idea to be familiar with the types of tax breaks for which you many be eligible. 

If you intend to deduct business travel expenses on your income tax return, you need to keep organized and adequate records. In the event of a tax audit, having proper documentation will ensure that you will be able to substantiate your deductions and get the tax savings for which you are eligible.

It's tax season, and most of us are focused on preparing and filing tax returns. You may file your return yourself or hire a tax preparation firm that provides small business accounting services. Either way, make sure you consider one key way to reduce your tax bill: the home office deduction. 

It's tax season, and small business owners are reminded how the business entities they choose determine the amount of taxes they pay. Also influenced by the type of business entity is the amount and type of tax records required for tax filing. Business owners have several options for forming a business entity. Whether you are starting a business or thinking about making a change to your structure, it's a good time to take a look at the options.