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Having clear financial goals makes it easy to evaluate marketing and staffing opportunities, weak areas, and expenses. Knowing your numbers will give you the insight and power to make decisions. In most cases we make decisions based on less information and more gut feelings. Knowing your numbers sets a clear path and alerts us when we need to change a direction or strategy. We deal with limited resources every day:

Every state requires a corporation to have an annual meeting. Board members can choose to call additional meeting to decide on unusual items. The process for holding and calling meetings are documented in the by laws In the case of a single shareholder, it may seem pointless organizing a meeting. Being the only one in a room wearing 3 hats (shareholder, board of directors and executive president) might seem a little

  One of the questions people have when starting a business is what legal structure or form should my business take. There are 3 main types of legal structures namely: Sole proprietorships Partnerships Corporations These 3 types are the main ones and come in different variations. These variations come from change in the law to give business owners more flexibility. This article will only discuss the 3 major types. Later on, I will

  If you have children you will be glad to know that the government gives you an allowance for enrolling them in day care. The allowance is known as a credit and it is claimed when you file your income tax return. The child and dependent care credit is for unreimbursed childcare expenses due to one or both parents working. It is also a non-refundable tax credit, and when I

If you're anything like me your probably wondering how can a child need to file a tax return? In other words what are the tax rules for children and dependents?  Well that's a very good question. A child or dependent can have two kinds of income. 1) Earned income which includes salaries, wages, tips and other payments for a personal service performed. 2) Unearned income which is interest, dividend and/or capital