Self Employed? Here’s Everything You Need to Know About Disability Insurance

  According to the Council for Disability Awareness (CDA), "over one in four of today’s 20-year-olds will become disabled before they retire" and the average length of disability is a frighteningly long 31.2 months. These statistics reflect the fact that illness, rather than injury, is the leading cause of long-term absence from work, accounting for 90% of all disability claims. And even the most safety-conscious among us … [Read more...]

Do You Need Insurance For Your Internet Business?

Killer internet business idea: check. Business plan: check. Domain name: check. Customer base: check. Insurance: ch…wait, what? For many internet business owners, internet business insurance is not one of their first (or even fifth) concerns. While no traditional small business owner--with stock to lose, a storefront to maintain, and payroll to meet--would consider operating without insurance, many internet startups do just … [Read more...]

Get the Most from Your 2019 Mileage Tax Deduction

Do you drive for your job or business? Then you might be eligible for a mileage deduction. Here is an easy-to-understand guide to the IRS standard mileage deduction. Happy filing! In 2019, you can deduct 58 cents per mile driven for business. If you drive a lot, either for your business or for an employer that doesn't reimburse your expenses then keeping careful track of your miles will give you the biggest tax deduction. Hurdlr is … [Read more...]

Small Business Bookkeeping is a Breeze with Bench

  I have been freelancing for close to a decade, which includes handling my own small business bookkeeping. Since I have no background in accounting, learning how to manage my books was not easy. And frankly, handling my own books is not my favorite part of my business. Not only does bookkeeping take time away from the income-generating work of pitching, researching, and writing articles, but I always have a nagging worry that … [Read more...]

Get Free Personal and Business Credit Scores at Nav.com

  Learning more about your business credit is not as simple as it is for your personal credit. It's a totally different system for business credit and there are fewer services available for checking it. Thankfully, Nav.com has come along to help small business owners (and individuals) better understand their credit. As you'll see, Nav has premium offerings to consider, but even their basic service allows you to check your … [Read more...]

The Minimalist Home Office: 5 Tips to Organize Your Workspace and Get More Done!

If you’re like me and run a business or side hustle from a home office (or just work remotely sometimes), then you understand the need to have a clutter-free, minimalist home office environment. Growing up, my Mom always told me, “clear space, clear mind.” That little nugget has always stuck with me. I believe it. My friend Joshua Becker just authored a new book, The Minimalist Home: a room-by-room guide to a decluttered, focused … [Read more...]

A Low-Cost Alternative to Health Insurance [Medi-Share Review]

  Joining the Christian medical expense sharing community, Medi-Share, for around $300/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 even without the Obamacare mandate, this … [Read more...]

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

Note: Capital One is "not accepting new Spark® Business Savings or Spark® Business Checking accounts right now." See our list of the best free checking accounts for more options. I 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 … [Read more...]

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

  In 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. A QSEHRA is a plan that allows employers to reimburse … [Read more...]

The Best Personal Loan Sites for Small Business Owners (in 2019)

  Small business owners are no strangers to financial headaches. From securing startup financing to covering temporary cash-flow problems, small business owners often have to work quickly to find a solution that will keep their business humming. Taking out a personal loan is one solution that is often overlooked. While a personal loan may not be right for every entrepreneur, there's a lot to recommend it as a possible way … [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. Running your successful business can be very challenging. Making the sale, providing the service, and/or … [Read more...]

Use QuickBooks Online to Master Your Small Business Accounting

  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 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 … [Read more...]