How much cash should I keep in my business?
Usually around 3-6 months worth of operating expenses, but this [...]
Do I need to receive forms 1099 from clients who have paid me?
You are not required to receive forms 1099 from your [...]
How to pay myself as a sole shareholder of an S-Corp vs a sole proprietorship?
As a sole shareholder of an S-corp, you can pay [...]
When to become an S-Corp?
When the money that you save on taxes > the [...]
How do I elect to file taxes as an S-corporation?
File form 2553. The IRS requires that the form is [...]
What is basis in an S-corp and why does it matter?
Basis is income in your S-corp that you've already paid [...]
Why do I need to separate business bank accounts from personal bank accounts?
Simplifies your accounting process making it possible for someone else [...]
