Business expenses
It's a rare business that doesn't have to spend some money to make some money. And our income tax system takes this fact into account by allowing you to deduct...
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Glossary of retirement plans
401(k) Plans A 401(k) is a retirement plan that is set up to accept employee contributions, usually made through payroll deduction. More sophisticated 401(k) plans add employer contributions as well....
Passing the torch
How will you leave your business? Will you walk out on your own? Or will they carry you out feet first? Either way, you need a plan for winding things...
What plan is best for your business?
Retirement plans come in many shapes and sizes. And there's probably a variety that fits your needs. But the field is complex. How do you know what type is right...
Health plans
An employer's health plan is generally implemented with a group health insurance policy. The largest employers may self insure. The smallest may be ineligible for a group policy. Group health...
Life insurance
The purpose of life insurance is to replace income that (usually) families lose when a breadwinner dies. So it is natural that life insurance has become a common benefit for...
Vacation and sick leave
You've been working hard, but you're starting to get a little scratchy throat. What do you do? Well, you're the employer. You probably tough it out, because that's the way...
Equity financing
Equity means ownership. Equity financing means that you give an ownership share of your business to your investor. Your new "partner" expects to share in the profits of your business....
Creating a business plan
So you want to raise money for your business. You need a business plan to take to potential investors or lenders. Where do you start? Here are some ideas to...
Funding sources
You're ready to raise some money for your business. Whom do you go to? Here are the traditional answers: Family and friends. This is the natural place to turn. But...