As a landscaping business owner it is important to keep track of costs, and to continually assess and evaluate whether some of these costs can be cut. It could be easy to overlook or forget about some costs, especially if you spend most of your time in the field or focused on other operational matters. …
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If you have a sole proprietorship you may be able to save money on taxes by simply switching to an S corporation. Some things to know about self-employment taxes is that it consists of two parts – Social Security and Medicare taxes. An employee of a company will pay 6.2% in social security taxes and …
Why switching to an S-Corp may save you thousands on taxes Read More »
Understanding financial metrics of your service-based business could be complex and difficult to digest. I’ve broken down a high-level overview of basic financial metrics every service-based business owner should know about. Paying attention to key metrics within your business can help define areas of strengths and weaknesses. If you run a service-based business, your cost …
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