Embarking on a new business venture is an exciting journey filled with possibilities. One crucial decision that entrepreneurs face is choosing the correct business entity. Selecting the appropriate entity, whether it be a Limited Liability Company (LLC), S-Corporation, or C-Corporation, can profoundly impact your financial planning and business structure. In this comprehensive guide, we will explore the available options and explain how your choice of business entity can shape your entrepreneurial path. Additionally, we will highlight the importance of seeking professional guidance from a Certified Public Accountant (CPA) to understand the nuances of different entities. Here’s what you should know when planning to start a new business.

Cash flow is the lifeblood of any small business. Without enough available cash, you won't be able to pay your staff, cover your outstanding bills, or grow your business. A comprehensive cash flow analysis is a financial statement which shows how much cash your business is bringing in and spending over time,  and it can help you identify potential problems with your cash flow.  Here’s everything you need to know about how to do a Cash Flow Analysis and why it’s so important for small businesses.

The worldwide pandemic and broadening technology have prompted huge changes in the workplace in recent years. Wide-ranging layoffs, dynamic spending habits, and record-high inflation have compelled many people to take on side jobs or part-time piece work to make ends meet. Many of these adjustments, while often unexpected, have not been unwelcome. Many new “Gig workers” have increased their income with their side hustles and are enjoying the newfound freedom in their schedules. If you’re considering taking on a side job or turning a hobby into a business in the coming year, you’ll want to consider the big picture regarding the Gig Economy.  Is it a good time to become an Independent Contractor?