Most small businesses need cash infusions at some point, and how you secure the funding can make all the difference between whether your business succeeds or struggles. To help determine which is best for your business, let’s break down the three primary types of funding available: debt, equity and hybrid financing. Debt: Borrowing to grow…

Starting a business with partners and not sure which entity to choose? An S corporation could be the perfect fit for your new venture. One benefit of an S corporation One big perk of an S corporation is that shareholders aren’t personally liable for the company’s debts. To keep that protection intact, make sure you:…

With nationwide gas prices higher than a year ago, it’s good news that the 2025 optional standard mileage rate for business vehicle use has increased too. The IRS recently announced that the cents-per-mile rate for operating a car, van, pickup, or panel truck will be 70 cents in 2025, up from 67 cents per mile…

An advance health care directive allows you to outline your medical preferences in case you are ever incapacitated or unable to make decisions. These directives are often part of a comprehensive estate plan and might be called by different legal names depending on where you live. Here’s a breakdown of some healthcare directives you should…

Medicare health insurance premiums can be a significant expense—especially for high-income earners and married couples paying separately for coverage. Here’s what you need to know about how taxes factor in. Medicare Part B: what it covers and who pays Medicare Part B, often called Medicare medical insurance, helps cover doctors’ visits and outpatient services. Most…

If you own a growing, unincorporated small business, high self-employment (SE) tax bills might already be on your radar. The SE tax covers your contributions to Social Security and Medicare as a self-employed individual. SE tax basics The 15.3% SE tax rate applies to the first $168,600 of your 2024 net self-employment income. This rate…