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Posts by Kevin Payne

Starting a Business

IRS Form SS-4: What It Is and How to Apply

If you're a small business owner or a solopreneur, at some point, you may need to fill out IRS form SS-4. We explain what it is, who needs one, and how to submit one.
Starting a Business

How to Start an Online Business in 12 Steps

Ecommerce is more popular than ever. Follow these twelve steps and learn how to start an online business.
Starting a Business

EIN vs. ITIN vs. SSN: What's the Difference?

EINs, ITINs, and SSNs are all federal taxpayer identification numbers, but an EIN is for business taxes. Here's a deeper look at the key differences between all three.
Starting a Business

Does a Sole Proprietor Need an EIN?

As a sole proprietor, you typically won’t need an EIN. However, an EIN can provide multiple benefits, from easier tax filing to preventing identity theft.
Starting a Business

Do I Need an EIN for my LLC?

Does an LLC need an EIN? It's generally a good idea. Here's how to obtain an EIN from the IRS, plus key reasons why an EIN benefits your small business.
Managing Your Finances

What is the self-employment tax?

Did you know that you have to pay taxes on your income as a self-employed entrepreneur? Here’s a breakdown of what that means and how to do it.
Managing Your Finances

What Is Profit First Accounting?

Profit First accounting is gaining momentum, and for good reason. Learn what it is, how it can benefit your business, and how Novo makes Profit First a breeze.
Managing Your Finances

What You Need to Know About Venmo and PayPal's 2022 Tax Laws

Pretty much everyone uses a peer-to-peer platform for payments, but did you know that tax laws are changing how you need to report in 2022? It’s important to understand what’s different so that you can pay your taxes accordingly.
Managing Your Finances

Types Of Business Taxes For Small Businesses

Understanding the taxes you need to pay as a small business owner will help you stay prepared at tax time.
Managing Your Finances

How To Write a Profit & Loss Statement for Small Businesses

Learn what you need to know about making a profit and loss statement for your business -- and why you'll benefit from creating one.
Managing Your Finances

How to Finance Equipment for Your Small Business

Financing equipment purchases can help your business stay competitive without tying up all of your resources. Get a deeper look into equipment financing to determine if it fits your needs.
Managing Your Finances

How To File Small Business Taxes As A Freelancer

Did you know that freelancers have to file small business taxes? If you’ve got questions, you’ve come to the right place. Here’s everything you need to know about freelancer taxes.
Managing Your Finances

How to Do Small Business Bookkeeping in Excel Like a Boss

Take advantage of Excel, one of the most commonly used and powerful computer programs, to build a bookkeeping system for your business.
Managing Your Finances

Best Alternatives to SBA Loans

We cover the pros and cons of SBA loans, plus 6 alternatives to SBA loans.
Managing Your Finances

Best Alternatives to a Business Line of Credit

Looking for business financing but want to avoid a business line of credit? Learn about some options that may be better suited to your needs.
Managing Your Finances

2022 Tax Laws on P2P Platforms Could Impact Your Finances

New year, new tax laws. If your small business uses a P2P payment platform like Venmo or Paypal, you may have to report to the IRS for the first time this year.
Operating a Business

Top 8 Tips To Stay Productive While Working From Home

There are changes you can implement to help you stay on top of your game. Read these tips on how you can stay productive working from home.
Operating a Business

The Most Common Types of Business Models and Why Entrepreneurs Need One

Ever hear of a business model and not know how to use it? These tips will help you determine which business model is best for your small business.
Operating a Business

How to Write the Perfect Business Plan: 10 Essential Steps

Whether you’re starting a new small business or are already years into operating one, a business plan is one of the best ways to clarify your long-term vision. Follow our step-by-step guide to writing a highly effective business plan.
Operating a Business

How to Improve Your Customer Experience Strategy

Your customers are the foundation of your business. Ensuring they have a positive experience throughout their relationship with your company can help you retain them and turn them into ambassadors for your brand.
Operating a Business

How to Adjust Your Prices for Inflation in 2022

Prices everywhere are on the rise, and your small business may need to follow suit to stay afloat. These are our top tips for how and when to increase your prices while maintaining customers.
Managing Employees

15 Lessons in Small Business Leadership

A small business owner's guide to improving their leadership skills.
Marketing

How to Choose the Right Target Market for your Business

Follow the tips below to help your company choose the right target market and develop a marketing strategy that works for you.
Marketing

How to Optimize Your Google Business Profile in 2023

Learn how to set up your Google Business Profile (formerly known as Google My Business) and how to use each of the profile’s features to connect with customers and grow your business.
Marketing

How Can Marketing Funnels Help Your Business?

This popular marketing strategy can help your business convert consumers into loyal customers.
Marketing

7 Tips For Photographers to Increase Their Social Media Following

These seven tips can help increase your chances of growing your photography business's following long term.
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