TessMore Finance Blog

A s a business owner and CPA , I understand how important it is to find good tax help. As an entrepreneur , I want to focus on product and sales, not necessarily my business taxes. I don’t even do my business taxes. I get help from a CPA firm. If you’re a new business owner of a Partnership or Multi-Member LLC or you recently made the S Corp designation, you probably want to do your taxes with the CPA that helped you set up your business or make the designation. However, if you don’t like that CPA, you can’t use them for some reason, or you did all the setup yourself, this is a great time to check out TurboTax’s Live Full Service for Business . It’s quick and easy to get started. New customers can take advantage of special introductory pricing and save $500. This article will overview TurboTax’s Live Full Service for Business offering. We’ll discuss who it’s best for and if you should use it over going to a CPA. New TurboTax Live Full Service Business $999.00 Your own ded...

As a small business owner, you may be surprised to learn that there are actually tax deductions you can take before launching your products. For instance, the costs associated with marketing your product and product analysis are tax deductible. Additionally, the costs associated with performing competitive research and analyses are also tax deductible. Find out more about what constitutes a tax deduction in this video.  https://centsai.com/wp-content/uploads/2023/02/2.23Tax-tips-for-freelancerslinkedin.mp4 The post Tax Tips for Small Business Owners appeared first on CentSai . from Stories and Tips for Ways to Earn Money Now | CentSai https://ift.tt/TdFjD1N

Many investors rely on stock-picking services to help them choose the right investments for their portfolios, and The Motley Fool is one of the investment industry’s most popular stock-picking platforms. The company was founded in 1993 by brothers Tom and David Gardner, who remain very active within the organization. But while the Motley Fool boasts over 1 million premium members, there are several other stock-picking services you can choose from. In this article, I’ll give you a brief overview of The Motley Fool and share five alternatives for you to consider. Paying money for a premium stock-picking platform is an investment, so choosing the platform that best meets your needs is important. Table of Contents What Does Motley Fool Have to Offer? Motley Fool Investment Plans Motley Fool Alternatives Morningstar Zacks Seeking Alpha Benzinga Pro Stock Rover The Motley Fool vs. The Competition: Which Should You Choose? What Does Motley Fool Have to Offer? The Motley...

What is Payment-in-Kind? Payment-in-Kind (PIK) is a type of financial arrangement where a borrower can pay interest on a loan with additional debt instead of cash. In other words, the interest owed is added to the loan’s outstanding principal balance, effectively increasing the amount that the borrower owes. This payment is usually made when the borrower needs to pay cash interest and principal costs. It is often used as financing for highly leveraged or financially distressed companies. PIK is a high-risk loan structure typically only available to borrowers with high credit risk. The interest rate on a PIK loan is typically higher than a traditional loan, reflecting the higher level of risk associated with this type of loan. Additionally, the accrual of interest on the loan balance increases the risk of default, which may result in the lender suffering significant losses. It’s important to note that PIK loans are not standard and should be approached cautiously, as they can sig...

One of my favorite movies of all time is The Goonies. And one of my favorite moments is when Mikey finds One-Eye Willy’s treasure map (really, it’s when Chunk drops the frame) and the Goonies go on their quest to find his treasure. We love treasure maps. And we have one too – it’s a map of our treasure. We have two Master documents that outline our finances – Net Worth Spreadsheet and the Treasure Map. The Net Worth Spreadsheet is a Microsoft Excel document that calculates our net worth . It is a monthly accounting of our financial accounts and sticks strictly with numbers. The Treasure Map is the qualitative explanation of our financial setup. It is a Word document that explains the purpose of each account, the point of contact, and how each of the pieces fit together. Our treasure map starts with our financial map – which is a drawing of how our accounts are interconnected. Together, they give you a complete picture of our finances. The Treasury Map shows someone where o...

S quare’s Free Card Reader is a cutting-edge device designed to empower small business owners to manage their finances efficiently while easily accepting payments from customers. The reader presents a cost-effective solution for businesses of varying sizes, whether operating in a physical storefront, online, or both. I got my free reader from Square over ten years ago when I was launching FinCon and knew I would need to take payments on site at the event. It worked out great! Square is a premier provider of financial and payment services for small businesses. Its platform streamlines payment processing and financial management, enabling small business owners to grow their operations confidently. The Square Free Card Reader is a compact, lightweight device that facilitates customer card payments via smartphones or tablets. The reader is designed to be simple to set up and use. Simply connect it to your mobile device, and you’re ready to start accepting payments. This guide prov...

In mid-2020, Empower Retirement acquired Personal Capital . In February 2023, Personal Capital was rebranded and pulled into the Empower Retirement brand. Empower Retirement was founded in 1891 and they are a retirement plan administrator. They have over 69,000 retirement plans under administration covering over 17 million participants. They are the 2nd largest retirement services country in the United States with $1.2 trillion in assets under administration. They're massive. And they acquired Personal Capital in what was seen as a move to branch out into investing and wealth management, using personal finance tools as a lead tool. For several years, Personal Capital was re-branded as “Personal Capital, an Empower Company” but the Personal Capital logo and name was prominent. It appears that this has come to an end. On February 16th, Personal Capital was re-branded into Empower. We are a partner of Personal Capital and they told us last week that they were going to make t...

Your side hustle shouldn’t feel like just another job. By finding easy gigs that pay well, you can have some fun while earning extra cash in the year ahead. To help you find a good-paying side hustle that won’t wear you out, we’ve compiled a list of easy jobs that pay well. Most of our ideas require little to no formal education. All of them can be learned on your own time, and some may require skills you already have.  We’ll share the average pay per hour (courtesy of Payscale ), necessary educational requirements, and additional information you might want to know. Table of Contents Easy Jobs That Pay Well 1. Graphic Designer 2. Freelance Writer 3. Voiceover Actor 4. Virtual Assistant 5. Real Estate Agent 6. Dog Walker 7. Administrative Assistant 8. Referee/Umpire 9. House Sitter 10. House Cleaner 11. Delivery Driver 12. House Painter 13. Private Tutor 14. Nanny 15. Personal Trainer/Fitness Expert 16. Technical Writer 17. Transcriptionist 18. Data Entry Sp...

I love Empower (formerly Personal Capital) for all the free tools they offer. It’s a great place to aggregate all your accounts and see what’s going on with your money. Empower can be a one-stop shop for your money from budgeting to investment advice. Here’s what you need to know about how Empower works, how it makes its money, and whether it will be the best way for you to manage your monthly budget as well as your retirement portfolio: How Empower Works The process of getting set up with Empower is relatively straightforward. After signing up for an account (which is free and takes all of 60 seconds), you’ll be able to log in and begin connecting your financial accounts, including your bank accounts, investments, mortgage, credit card, and any other accounts. In this way I find Empower to be a little different from the rest as they’ve added on a money management component to just regular personal investing . Connecting accounts is as simple as entering your secure informat...