Resources

Have questions? Looking for answers? You can find them here.

  • There are no suggestions because the search field is empty.
Man on a phone call in a local park

6 min read

How to Build Business Credit: A Step-by-Step Guide for Solopreneurs

Reviewed by: Ran Harpaz From formation to financing, see how S-Corp solopreneurs can build business credit that protects personal assets and paves the way...

Man working in a home office with a dog

6 min read

What Is Equity in Business: The Secret to Building Wealth as a Solopreneur

Reviewed by: Ran Harpaz What is equity in business? It's everything your business owns minus what it owes. Understanding equity helps you make smarter...

Hands typing on a computer

8 min read

Can You Elect S Corp Status Mid-Year? Your Guide to a Smarter Tax Switch

Reviewed by: Mark Rose Yes, you can elect S Corp status mid-year, and for solopreneurs earning $80,000+, it's a smart move that starts saving you...

5 min read

How to Make a Fresh Financial Start: Solo's Guide to New Year Planning

While “new year, new finances” probably doesn’t top your list of new year mantras, it’s an undeniably helpful mindset to have as a solo business owner....

5 min read

Solo Summit Recap: Jason Feifer's Advice on How Solos Can Thrive In Change

If you’re feeling a little off balance in your solo business, you’re not alone—there’s a lot of change and upheaval right now.

5 min read

Solo Summit Recap: Financial Strategies Every Solopreneur Should Know

You know firsthand that running a solo business means wearing every hat—and that includes CFO. Yet, for most solopreneurs, planning and managing their...

Woman sat at a dimly lit desk

6 min read

S Corp Salary vs. Distributions: How to Pay Yourself

Reviewed by: Alex Zelaya S Corp owners can unlock substantial tax savings by expertly balancing their salary with distributions, allowing them to sidestep...

Man working on a laptop in a home office

7 min read

What Is a Disregarded Entity? The Starting Line for Solo LLCs

Reviewed by: Mark Rose By default, a single-member LLC is a 'disregarded entity,' providing solopreneurs with liability protection while allowing them to...

Example balance sheet for freelancers and creatives

4 min read

How to Create a Balance Sheet: Step-by-Step for Freelancers and Creatives

Reviewed by: Natalia Budyldina A balance sheet isn't exclusive to large corporations; freelancers and creatives can gain invaluable insight into their...

Businesswoman on the phone looking out the window and holding an ipad

5 min read

How Do You Calculate Gross Margin? The Fastest Way to Know If You're Profitable

Reviewed by: Natalia Budyldina Learning how to calculate gross margin gives solopreneurs instant clarity on their business’s profitability. This simple...

Man working in a home office

6 min read

How Do I Pay Myself as an S Corp Without Guesswork?

Reviewed by: Natalia Budyldina As an S Corp owner, optimizing your salary-to-distribution split can lead to significant tax savings, reducing your...

Man standing in a room, holding a document

5 min read

CP-575 Letter: What It Is and How to Never Worry About It Again

Reviewed by: Ran Harpaz The CP-575 letter, your IRS-issued confirmation of your Employer Identification Number (EIN), serves as your business's official...

A man with dark hair wearing a white button-down shirt works on a laptop at an outdoor table overlooking a scenic mountain valley wit green hillsides, scattered buildings, and natural landscape in the background.

5 min read

S Corp Late Filing Penalty: What It Really Costs and How to Dodge It

Reviewed by: Mark Rose Missing the March 15 S Corp deadline triggers automatic penalties of $245 per shareholder per month — potentially costing solo...

A man with short dark hair wearing a brown cardigan and teal shirt talks on a phone while gesturing with one hand, sitting at a wooden desk with a laptop, notebook, glasses, and coffee mug in a bright home office decorated with plants, colorful books on dark teal shelving, and a cozy couch by the window.

8 min read

Sole Proprietorship vs S Corp: What's the Difference?

Reviewed by: Mark Rose Sole proprietorship vs S Corp comes down to one thing: keeping more of what you earn. As a sole proprietor, you pay self-employment...

man sitting in a sunlit room, he is using a computer

6 min read

What Is a Fiscal Year? The Solopreneur's Guide to Smarter Tax Planning

Reviewed by: Mark Rose For most solopreneurs, understanding your fiscal year is straightforward: the IRS typically requires using a calendar year (January...

Got a tax question?

Got a tax question? 

Group 1000002431-2