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Found 4 results

  1. Do you ever worry that if the credit card you’re using to make business purchases isn’t in your business name that you won’t be allowed to take the deductions? The good news is, that’s not the case—even if you have a separate entity! This doesn’t mean you should mix personal and business expenses. When you take a personal credit card and use it entirely for business expenses, you are essentially contributing this debt to your business. You can use the card the same as if it was in the company’s name and deduct every business expense you purchase on it. This can be a gr
  2. Do you ever worry that if the credit card you’re using to make business purchases isn’t in your business name that you won’t be allowed to take the deductions? The good news is, that’s not the case—even if you have a separate entity! This doesn’t mean you should mix personal and business expenses. When you take a personal credit card and use it entirely for business expenses, you are essentially contributing this debt to your business. You can use the card the same as if it was in the company’s name and deduct every business expense you purchase on it. This can be a gr
  3. According to The NY Times, you should have a well-padded cushion of savings by age 50 if you want to retire comfortably. This is how it should look: By age 50, have five times your annual salary saved. ( ie. $100K income = $500K savings) By age 55, have six times your annual salary saved. ( ie. $100K income = $600K savings) By age 60, have seven times your annual salary saved. ( ie. $100K income = $700K savings) The Times also reports that less than 13% of Americans have a pension or a solid retirement plan. How does your situation looks? Are you on track to retir
  4. Hi everyone, As many of you know i am planning a complete tire and auto shop that i would like to start in a few years, i am currently looking into the financial section of my business plan. I would like to know first of all if anyone has any advice for me when it comes to finances and funding the startup? Also if you have stories of what worked or didn't work that would be great! Lastly I am looking for resources for funding the business startup when i am ready to start so how did you all fund your business startups? what resources can i use to fund the shop when i start it? W


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