Whether depreciation affects a business’s taxes is one that many entrepreneurs ask. Given the complexity of this issue, it can be difficult to understand how depreciation impacts your tax burden and what you need to do to determine if you are paying too much or not enough in taxes. Not having enough knowledge about depreciation
For a million times there, brilliant ideas have been represented by a bulb in popular media (e.g., Felix the Cat cartoons). Perhaps, this symbolism can be traced back to the great inventor, Thomas Alva Edison, who made the incandescent light bulb a reality for everyone on the planet in 1879. Of course, the wizard of Menlo Park was
The announcement of the Centers for Disease Control and Prevention (CDC) on May 13 was a huge breakthrough for the U.S. business community. With the wearing of masks and physical distancing no longer mandatory for fully vaccinated people, and with the lifting of restrictions for them to join crowds indoors and outdoors, many businesses can
An unexpected tax bill is not only enough to ruin your day, but it can also set you off your financial goals. For people with expendable income, taxes might not matter much, but for the majority of wage earners, big taxes could mean less budget for other essential expenses. While the amount you pay is
As we move on to another year, the coronavirus outbreak continues to shake the global economy on a massive scale. Even with the availability of vaccines, the chances of us returning to the normal pre-pandemic world are highly unlikely. While most businesses suffered from the crisis, others saw this as an opportune time. Some small
Now that the Millennials are all grown up, it is time for businesses to focus on the next batch of consumers: Generation Z. Generation Z, or Gen Z for short, is the group born between the mid-’90s and the 2000s. They are the first generation that grew up with the internet and are more comfortable
Indoor cycling is one of the most popular exercises today, and with good reason. Using a stationary bike allows users to enjoy all the benefits of cycling while indoors. Also, all the risks associated with cycling such as traffic, noise, and crowds are virtually eliminated. One of the challenges of operating a health and wellness
How dependent are we on the maritime and shipping industry? More than 90% of global trade passes by our waters. It’s not only important to keep the waters safe, free, and navigable. We also need to consider the impact of the recent pandemic on the industry and the people who work in it. When the
Many people have gotten wealthy off their investment properties, which is why more and more investors are parking their money in real estate. Behind every high-rise building is a savvy entrepreneur collecting a big fat check every month. But just because you’re a small investor doesn’t mean you can’t partake in the fun. Commercial high-rises
Recent years have seen an increase in freelance work across the country. But eventually, even successful freelancers run into earning limitations. They are continually exchanging time for money. At some point, you can only juggle so many projects and clients at the same time. So if you’re a freelance designer, for instance, you might decide