Medi-Share Review: An Affordable Alternative to Expensive Health Insurance

oining the Christian medical expense sharing community, Medi-Share, for around $250/month has been a fantastic financial move for my family. Prior to joining this healthcare expense-sharing community, I was paying $1,100 per month for a health insurance plan with Humana! Medi-Share is not insurance (nor is it charity as you'll see). But it's a great alternative for some, and it does count as coverage in regards to the Obamacare mandate (which officially ends as of the … [Read more...]

A Fee-Free High-Interest Checking Account For Small Business Owners: Spark Business [Review]

have been banking with Capital One for many years now—ever since Capital One purchased ING Direct in February of 2012. Though I have always been very pleased with Capital One’s higher APYs for savings accounts (at least compared to traditional brick-and-mortar banks), their ease-of-use, and their excellent customer service, I still only have those same personal savings accounts with Capital One that I started with so many years ago. With my long history with Capital … [Read more...]

How I’m Using the QSEHRA [Managed by Take Command Health] to Deduct My Employees’ Healthcare Benefit

n this article, I'll share how I set up a Qualified Small Employer Health Reimbursement Arrangement (QSEHRA) to deduct the healthcare expense reimbursement benefit I offer my three full-time employees. In short, this is how I help my team with their health care needs (and get a tax deduction for it) without having to buy an expensive group health insurance policy. If you have a small team like me (or if you work on a small team) you should look into this. How I … [Read more...]

The Best Personal Loan Sites for Small Business Owners (in 2018)

Personal loans can be a convenient way to get cash to cover a short-term financial hurdle or use to fund a new business or help with short-term cash flow needs. Most businesses can be started with no money, but there are times when a loan makes sense. They are also a popular tool for consolidating and eliminating high-interest credit card debt—and their fixed interest rates and payments can certainly save some borrowers money. PT, for instance, used a personal loan … [Read more...]

My Accountant Reviews QuickBooks Online vs Desktop

Editor's note: I use QuickBooks Online to handle the accounting for my blog and conference business. I'll be honest though - I don't know much about it or how it compares to the desktop version. I turned to my accountant, who uses it everyday on my behalf, to provide a quick review for anyone interested in using it. unning your successful business can be very challenging. Making the sale, providing the service, and/or producing the product can (and should) consume you … [Read more...]

Master Your Small Business Accounting with QuickBooks Online

This post is brought to you by Intuit QuickBooks. While this post was sponsored by Intuit QuickBooks, all content and opinions expressed here are my own. Entrepreneurs and small business owners tend to be a pretty plucky bunch. They recognize the need that they can fill, work tirelessly to offer the best product or service they can, and they take full control of their careers by creating a new small business. However, there is one aspect of being the boss that … [Read more...]

The Best Accounting Software for Small Business (2018)

A few years ago, I took over as financial secretary for my local synagogue, and I had my first taste of using accounting software. It didn’t go well. Our synagogue was stuck with an outdated program that ran slowly on my laptop and caused me any number of headaches. Without a background in accounting, I found the user experience of the old program to be counterintuitive and difficult to learn. I made many mistakes during my tenure as financial secretary that our … [Read more...]

Xero vs. QuickBooks: Which Accounting Software Will Work Best for Your Small Business?

If you haven’t taken any classes in accounting, using QuickBooks can feel overwhelming. People with accounting backgrounds love the software, but it lacks some user-friendliness for those outside of the accounting profession. Since QuickBooks has been the giant in the small business accounting industry for many years, the choices for keeping the books were limited. Thankfully, the small business accounting software market is starting to change, as new accounting apps … [Read more...]

15 Tips for Saving Money on Your Business Expenses Without Working Harder

As entrepreneurs, we all like to see our revenue grow, right? If you’ve ever started your own business you know that increasing revenue doesn’t come without an investment of hard work; and burning the candle at both ends of the stick from time-to-time! Every business requires working hard to get it up and running, even if the objective is to eventually produce passive income. You can find many articles, books, and publications about how to run a business. … [Read more...]

3 Questions You Must Ask Yourself Before Dealing with Small Business Debt

Opening (and maintaining) a small business is a pricey endeavor. Most entrepreneurs have to take on some debt in order to get their business started or keep it afloat. After all, overhead, equipment, and payroll all cost money, and borrowing might sometimes be the best option to pay for it all. Unfortunately, debt can also seriously hurt a small business. Too much debt is one of the major reasons why 80% of startups fail within the first 18 months. This seems to … [Read more...]

What You Need to Know About Disability Insurance for the Self-Employed

Disability insurance is hardly a sexy topic of conversation, or even a common worry. After all, it's not like most of us do anything more strenuous than checking our email on the average day, so how likely is it that we will need disability insurance? As a matter of fact, it’s pretty likely. According to the Council for Disability Awareness (CDA), "over one in four of today’s 20-year-olds will become disabled before they retire." The average length of … [Read more...]

Small Business Finances: The Key Financial Pillars of Building a Start-Up

Here's a note from a reader: "...thank you for the information you provided on Entrepreneurship on Fire. I was deeply encouraged and felt led to contact you. I am a 24 year old entrepreneur, economics and finance major, former athlete. Recently I quit my IT sales job to focus on my a project I have been working on since December. My partner and I are launching the site in 6 weeks- online sports media business. Just wanted to ask a question- What are the key … [Read more...]