Self-Employment taxes: Everything you need to know
If you work for yourself or are a freelancer, self-employment (SE) tax is one of the most important accounting issues you are going to...
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Audra Wilson Russell
- May 18
- 6 min
What Is the Difference Between an Employee and a Contractor?
When it comes to hiring help for your small business, one of the first decisions you'll need to make is whether to hire an employee or...
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Audra Wilson Russell
- May 13
- 4 min
Most Common Reasons Why Small Businesses Fail
Small businesses are the backbone of the American economy. However, according to a study by the Kauffman Foundation, about two-thirds of...
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Audra Wilson Russell
- Apr 27
- 5 min
Types of Business Insurance: What You Need to Know
No one ever wants to think about something bad happening to their business, but the fact is that accidents can and do happen. That's why...
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Audra Wilson Russell
- Apr 20
- 5 min
Steps to Setting Up Your Business
Are you thinking of starting your own business? If so, you're in for a lot of hard work - but it's definitely worth it! The first step is...
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Audra Wilson Russell
- Apr 13
- 2 min
Fortify Your Business by Measuring These Key Metrics
Even the best, well-prepared business plans can unravel quickly without a process in place to evaluate performance. Creating a scorecard...
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Audra Wilson Russell
- Apr 8
- 2 min
5 Numbers That Will Make or Break Your Business
Regardless of the type of business you’re running, actively monitoring a few key numbers is often what's needed to keep your company...
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Audra Wilson Russell
- Apr 1
- 5 min
Best Accounting Software for Small Businesses
If you are a small business owner, then you know that keeping track of your accounts payable/accounts receivable can be a daunting task....
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Audra Wilson Russell
- Mar 30
- 2 min
Correcting Common Financial Mistakes
You’re working at the office, getting stuff done around the house, or hanging out with family when — wham! — a phone call, email or text...
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Audra Wilson
- Mar 17
- 2 min
Guidance on managing your finances and investments
With the recent collapse of SVB bank, it is important to consider the impact of bank failures and the importance of diversifying your...
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Audra Wilson Russell
- Mar 3
- 2 min
Getting a Handle on Employee Turnover
If you’ve ever lost a key employee, you know the immediate and long-term hit to your bottom line. Here are some ideas to help reduce...
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Audra Wilson Russell
- Feb 24
- 3 min
Tax deductions - Medical Expenses for S-Corp Shareholders
One of the S-corporation tax deductions that are often overlooked by S-corp owners is health insurance premiums. S-Corp shareholders can...
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Audra Wilson Russell
- Jan 18
- 2 min
Don't Run Afoul of the IRS's Nanny Tax
The IRS is more strictly enforcing rules that determine whether a worker is actually your employee, rather than an independent...
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Audra Wilson Russell
- Jan 18
- 2 min
Should You Expense or Depreciate Your Capital Asset?
If you own a business, you know that you may accelerate the expensing of qualified capital purchases. This can be done within two special...
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Audra Wilson Russell
- Jan 18
- 2 min
5 Year-End Tax Essentials
Before 2022 comes to a close, take some time to review these essential items to ensure you are not missing something that could cause tax...
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Audra Wilson Russell
- Jan 18
- 2 min
Consider Donating Appreciated Stock & Mutual Funds
One way to reduce your tax bill this year is to donate appreciated stock to a charity of your choice versus making a cash donation. While...
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Audra Wilson Russell
- Jan 18
- 2 min
Fund Your Retirement or Your Child's College?
Towards the end of the year, many are undergoing an annual review of their retirement funds. It certainly was a tough year and one of the...
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Audra Wilson Russell
- Jan 18
- 2 min
Taxes and Uncollectible DebtTax ramifications can be good or BAD!
There are few things as frustrating as not being paid what is owed to you. If it becomes clear the debt is not going to be paid, you...
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Audra Wilson Russell
- Jan 18
- 2 min
Social Security Planning Starts NowEven those in their 20s should review this tip!
Although you won’t become eligible for Social Security until your 60s, there’s a lot you can do to prepare before then. Here’s a rundown...
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Audra Wilson Russell
- Jan 18
- 1 min
Here They Go Again...Late-breaking IRS change
In a last minute about face, the IRS is rolling back the requirement for third-party payment providers to issue 1099-Ks for anyone...
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