Paying taxes as digital nomad

Paying Taxes as a Digital Nomad

One of the most alluring things about freelancing and self-employment is the flexibility to work from wherever you want. Globally, there are nearly 35 million digital nomads with 15.5 million of them coming from the U.S. For those from the U.S., tax season may come with unique challenges depending on what state you have residence […]

Eight Ways to Prepare Your Small Business for Tax Season

Eight Ways Your Business Can Prepare for Tax Season

January through April can feel like an all-out scramble to collect and track down information for your CPA. But it doesn’t have to be. You can start chipping away at your to-do list now to make the new year a time for tackling new goals instead of tax panic. Prepare for tax season now by […]

Freelancer's Guide to Retirement Savings

Freelancer’s Guide to Retirement Savings

The freedom and independence of freelancing come with some responsibilities unique to the profession. Retirement contribution matching is often a perk that comes with traditional employment. Employers can make it an automatic and easy way to start saving effectively for retirement. As a self-employed small business owner or freelancer, you have to do a little […]

What Is Not a Temporary Account in Bookkeeping?

If you are not aware of different types of bookkeeping accounts, you might find yourself wondering what is not a temporary account in bookkeeping. Is it a permanent account, or are there other types as well? Let’s first make sure you understand what temporary accounts are and then what they are not. First Things, First, […]

What Is Double-Entry Bookkeeping? A Simple Guide for Small Businesses

As a small business owner, there are many things you need to be aware of, and one of them is double-entry bookkeeping. If you’re just getting familiar with bookkeeping and everything, this might sound confusing but don’t worry, that’s why we’re here, to explain everything you need to know about double-entry accounting and why it […]

What Can Be Depreciated in Business? Depreciation Decoded

Depreciation is one thing that many business owners often overlook, but you shouldn’t because there are many benefits to it. Now, if you’re wondering what can be depreciated in business, the answer is – almost everything. That’s why you should pay close attention to the following lines to become the master of depreciation. What Is […]

Middle Eastern couple working on their bookkeeping

Can I do my own bookkeeping?

You’re an entrepreneur–a jack of all trades. You’ve likely dived into almost every aspect of your business headfirst and learned on the fly. That’s one of the beauties of the entrepreneurial journey. You get to learn and grow alongside your business.  Generally speaking, there is one area of business that holds most small business owners […]

Online banks for freelancers

Five Great Online Banks for Freelancers & the Self-Employed

Freelancers need banking solutions that are just as smart and savvy as they are. They need quick transfers, insightful data, and the least of all fees. These online banks for freelancers make mastering the art of money easy and sensible. Do I need a business bank account as a freelancer? There are some situations where […]

How to Start Freelancing. Woman sitting a her desk in a white office.

How to Start a Freelance Business

There is a considerable shift happening in the workforce across the globe. A rising number of workers are choosing to be self-employed over a traditional 9-to-5. And who can blame them? The post-pandemic job market has been far more receptive to remote workers. As times are changing employers have fewer hesitations about hiring consultants. Plus, […]

What is the difference between bookkeeping and accounting?

Which one do I need and why? Even though a lot of entrepreneurs and business owners use the terms “bookkeeping” and “accounting” interchangeably, the two indicate two different types of services. For any business owner, it’s important to know the difference so that they know exactly what to buy, whether it be a service provided […]