Owning a Business - 360 Degrees of Financial Literacy https://www.360financialliteracy.org/Topics/Owning-a-Business en-US Tax planning for the self-employed https://www.360financialliteracy.org/Topics/Owning-a-Business/Small-Business-Owners-Self-Employment/Tax-planning-for-the-self-employed https://www.360financialliteracy.org/Topics/Owning-a-Business/Small-Business-Owners-Self-Employment/Tax-planning-for-the-self-employed Self-employment is the opportunity to be your own boss, to come and go as you please, and oh yes, to establish a lifelong bond with your accountant. If you're self-employed, you'll need to pay your own FICA taxes and take charge of your own retirement plan, among other things. Here are some planning tips.

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Thu, 25 Feb 2016 03:10:56 EST
Incorporating your business https://www.360financialliteracy.org/Topics/Owning-a-Business/Small-Business-Owners-Self-Employment/Incorporating-your-business https://www.360financialliteracy.org/Topics/Owning-a-Business/Small-Business-Owners-Self-Employment/Incorporating-your-business Before deciding to incorporate, you should seek legal and tax advice on what type of ownership best suits your business. Other forms of ownership may offer your company the advantages of incorporation (such as limited liability), but also offer more management flexibility or tax advantages.

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Thu, 25 Feb 2016 03:09:54 EST
Hiring your first employee https://www.360financialliteracy.org/Topics/Owning-a-Business/Small-Business-Owners-Self-Employment/Hiring-your-first-employee https://www.360financialliteracy.org/Topics/Owning-a-Business/Small-Business-Owners-Self-Employment/Hiring-your-first-employee As a sole proprietor, you handle all business matters--from producing and marketing your goods or services to fixing paper jams in the copier. Your business has grown and now you're stretched too thin. Business is being lost because you just can't do it all yourself. It's time to consider hiring your first employee.

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Thu, 25 Feb 2016 03:09:06 EST
Deducting home office expenses https://www.360financialliteracy.org/Topics/Owning-a-Business/Small-Business-Owners-Self-Employment/Deducting-home-office-expenses https://www.360financialliteracy.org/Topics/Owning-a-Business/Small-Business-Owners-Self-Employment/Deducting-home-office-expenses Read More »

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Thu, 25 Feb 2016 03:07:56 EST
Show Them the Love: Low-Cost, High-Value Employee Benefits https://www.360financialliteracy.org/Topics/Owning-a-Business/Business-Planning-Basics/Show-Them-the-Love-Low-Cost-High-Value-Employee-Benefits https://www.360financialliteracy.org/Topics/Owning-a-Business/Business-Planning-Basics/Show-Them-the-Love-Low-Cost-High-Value-Employee-Benefits As a small business owner, you are probably aware of the importance of offering a basic employee benefit package that includes health and disability insurance, and a retirement savings plan. However, recruiting and retaining top talent often requires going above and beyond the basics. By offering creative, low-cost benefit programs, you can differentiate your business from other potential employers.

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Wed, 16 Oct 2013 11:53:15 EDT
Home Office Deduction Rules Get a Remodel https://www.360financialliteracy.org/Topics/Owning-a-Business/Home-Based-Businesses/Home-Office-Deduction-Rules-Get-a-Remodel https://www.360financialliteracy.org/Topics/Owning-a-Business/Home-Based-Businesses/Home-Office-Deduction-Rules-Get-a-Remodel If you run a business out of your home, it's important to understand the associated federal income tax deductions that you might be entitled to. That's especially true this year, with new rules that make it easier than ever for some to claim a deduction.

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Wed, 14 Aug 2013 18:42:24 EDT
As a business owner, what should I know about using temporary workers? https://www.360financialliteracy.org/Topics/Owning-a-Business/Business-Planning-Basics/As-a-business-owner-what-should-I-know-about-using-temporary-workers https://www.360financialliteracy.org/Topics/Owning-a-Business/Business-Planning-Basics/As-a-business-owner-what-should-I-know-about-using-temporary-workers

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Wed, 28 Nov 2012 10:20:59 EST
What is a captive insurance company? https://www.360financialliteracy.org/Topics/Owning-a-Business/Insuring-a-Business/What-is-a-captive-insurance-company https://www.360financialliteracy.org/Topics/Owning-a-Business/Insuring-a-Business/What-is-a-captive-insurance-company Read the Answer »

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Tue, 07 Aug 2012 14:32:31 EDT
Natural Disaster Planning for Small Businesses https://www.360financialliteracy.org/Topics/Owning-a-Business/Business-Planning-Basics/Natural-Disaster-Planning-for-Small-Businesses https://www.360financialliteracy.org/Topics/Owning-a-Business/Business-Planning-Basics/Natural-Disaster-Planning-for-Small-Businesses Whether your small business survives a natural disaster may depend as much (if not more) on the plans you put in place now, before a disaster occurs, as on what you do after a disaster strikes. Here are some disaster preparedness ideas for you to consider for your small business.

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Tue, 10 Jul 2012 12:18:45 EDT
Four Planning Considerations for Every Small Business Owner https://www.360financialliteracy.org/Topics/Owning-a-Business/Business-Planning-Basics/Four-Planning-Considerations-for-Every-Small-Business-Owner https://www.360financialliteracy.org/Topics/Owning-a-Business/Business-Planning-Basics/Four-Planning-Considerations-for-Every-Small-Business-Owner If you are a small business owner or thinking of becoming one, here are some things you should consider.

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Fri, 01 Jun 2012 16:48:19 EDT