general

R&D can no longer be deducted as a normal business expense but must be amortized across 5-15 years. This is due to a rewrite of "Section 174" which requires—starting in tax year 2022—this treatment. My CPA is completely clueless on this. This is really hard on small software companies as...

Does anyone have a good contingency plan for point of sale failure, specifically for a bar? We use Clover and have had a handful of different issues from time to time. I've realized that I need to have a plan before it completely crashes on a busy weekend.

I run a small business where I'm the only employee, however I have 70-80 "licensees" that license products from my business. These licensees then sell products to their customers. Some of the products we carry now require a contract to be signed by the customer when they purchase them. I...

Current situation is my health is a wreck I am 24 and running a beverages company in which I am in the position of CEO as well as foreman of the small crew we have. How I became at this age the CEO is because I started at 19 while a great consultant was consulting the company and saw something...

I have a custom order, but the colors were accidentally reversed somehow when they were printed. The client wanted x to be z color, and y to be g color. However it was accidentally printed as x with g color, and y with z color. I have already messaged the client, and I was also planning to ask...

Importance of reading - Let’s start a book club! As mentioned yesterday, I’m looking to start posting everyday, to try keep everyone motivated and keep everyone up to date with my journey! Over the last year I’ve read/listened to 7 books! The aim being to read for 30 minutes a day! I can’t...

I don’t know if this is the right place but I wanted to ask a group for their thoughts. There’s a large gap between my sister (20) and I (32). To preface everything she’s fresh into her beauty/hairdressing career at only about a year under her belt working for another woman in her salon. My...

Started working for a small business in 2022 that required me to move 2 hrs away while working on my MBA. At that time the company had merged in 2020 with another company that was growing fast. After the merge there were three owners (A and B are brothers and C is from the fast growing...

I want to be able to track my personal and business expenses and label things appropriately. I got two Quickbooks accounts for the past couple weeks to try them out - Soloprenuer and Quick Start and neither seem like a slam dunk. I want to be able to: track business expenses and label...

Hey all, I run a startup. Looking to select a payroll and benefits provider - currently have 2 founders in the US, but likely to expand domestically and abroad. I'm evaluating both companies for P&B, and honestly dislike both for different reasons. Any alternatives to this that you think I...

Hello everyone! I am currently apart of a class in which me and a group are required to create a company and profit off of it in 2 quarters. We have decided that we wanted our product to be a manga and I wanted to post on here to see if anyone else has experienced potentially creating their own...

I’m currently looking into side hustlers that can help me generate some extra cash. One of the main options I’m looking at is running a route. This can be done part time, on top of my full time 9-5 job. I currently don’t own anything and am looking for more information/advice on what to look out...

So, currently I work as an ROV Pilot/Technician. What that is, is I go offshore for about 6 months a year and I fly and maintain undersea robotic vehicles. I've started an LLC for this as I'm a 1099 contractor, I elected to be an S corp for some tax reasons, pay myself a salary, and I kept my...