Running a Business Archives |

Side Hustles and feasibility

I am always a sucker for an article that talks about side business, side hustles or ways to make extra money on the side.  Especially since I believe that most people should have multiple streams of income to support themselves, their kids’ education, and their...

eBay

eBay I was reading an article that was listing side-hustles to supplement a person’s income.  I am all for side businesses or a side-hustle.  I have a few businesses beyond my CPA practice myself.  Hell, you get enough side businesses going and they call you a...

Property Income

I have known people who get creative in having others cover their mortgage payments. I personally never had the opportunity or the courage to try what they did on my own. The first person bought his parents’ home from them in his freshman year of college.  He then...

Sales Tax Audit

A business manager called in a bit of a panic.  It seems that their bookkeeper had quit four months before and they received a notice that they are now being audited by the Illinois Department or Revenue for their Sales Taxes for 2017 to 2019. I went to meet with the...

Our Debt and Services

U.S. National Debt has risen to a record high exceeding $22 Trillion. To make matter worse according to the Treasury Department data comes as tax revenue has fallen and federal spending continues to rise. The new debt level reflects a rise of more than $2 trillion...

Workers Compensation Insurance

I was working with a client that came to me after a worker’s comp audit.  The owner and family were the only ones listed on the policy and drawing salary.  The audit determined that their independent contractors were in fact employees and not independent contractors...

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