Azlo Review – Business Checking for Founders and Freelancers

Update: Azlo is no longer taking new customers and existing accounts will be closed on 3/31/2021. See our recommendations for alternatives, like Novo, below. When you're starting a business or a side hustle, business banking is one of the first things you need. Finding the right business checking like Azlo—whether you're a full-time business owner or have a side gig—can get you started on the right foot. Azlo is an online … [Read more...]

The Best Accounting Software for Small Business (2021)

  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 Our synagogue was stuck with an outdated program that ran slowly on my laptop and caused me any number of headaches.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 … [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...]

The Ultimate Guide to Payroll for Small Business Owners

  Has your business grown to the point that it's time to hire help? On one hand, that's great news. But, on the other hand, payroll for small business owners adds another layer of complexity to the act of running your business. Most small business owners don't have a background in HR, accounting, or bookkeeping. So how can you set up a payroll system that keeps you on the good side of the IRS without consuming too much of … [Read more...]

Best and Worst Ways to Spend Your Stimulus Check as a Business Owner

On March 27th, President Trump signed the CARES Act into law. It provides over $2.2 trillion of financial relief for individuals and business owners who are reeling from coronavirus shutdowns. The CARES Act is a sweeping piece of legislation that introduces a wide range of economic relief programs. But it also instructs the Treasury Department to send direct payments to United States citizens. Each eligible citizen will receive a … [Read more...]

Our Complete List of COVID-19 News & Resources for Entrepreneurs

In an effort to be the most helpful during this time, I've decided to gather together all of our COVID-19 related guides, news, and popular topics. CARES Act Changes & Updates The Paycheck Protection Program (PPP) – What We Know & Where to Apply How to Get Unemployment Pay if You’re Self-Employed (Including Gig Workers and Freelancers) SBA Loans: Everything You Need to Know (Including Emergency EIDL $10k Grant Info) Expecting a Stimulus Check? Here’s What … [Read more...]

Expecting a Stimulus Check? Here’s What You Need To Know

Fast FAQs About Stimulus Checks (i.e. Economic Impact Payments): Up to $1,200 for individuals or $2,400 for married couples and up to $500 for each qualifying child Based on 2019 or 2018 data, depending on when you file your 2019 return Deposit payments will begin to roll out on April 9th, with checks being issued April 24th Self-employed individuals should look beyond the stimulus payment at other CARES Act benefits [Read more...]

How to Get Unemployment Pay if You’re Self-Employed (Including Gig Workers and Freelancers)

Normally, there’s no unemployment for self-employed individuals. But with the unprecedented impact COVID-19 is having on the economy, the federal government has passed legislation to provide relief for small businesses and independent workers. With its passage, unemployment benefits are now expanded to cover the self-employed and gig workers like Uber drivers, freelancers, and Airbnb hosts. Under the CARES Act, unemployment … [Read more...]

The Paycheck Protection Program (PPP) – What We Know & Where to Apply

If you're like me and you run a small business, you could qualify for the Paycheck Protection Program (PPP). This looks to be a promising opportunity for small business owners and the self-employed to recoup some of the damages inflicted by the economic and social effects of COVID-19 and the subsequent government response. The PPP will allow you to continue to pay yourself, your employees, and possibly your independent … [Read more...]

SBA Loans: Everything You Need to Know

Notice: For COVID-19 related SBA loan information, see our coverage of the Paycheck Protection Program (PPP). Or for more coronavirus (COVID-19) SBA resources, skip to the bottom where we discuss the EIDL and SBA Debt Relief Programs. If you need funding for your small business, it's hard to beat SBA loans. They come with favorable terms and may be easier to qualify for than other business loans. But as with any … [Read more...]

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...]