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Business Operations & Management

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4 min read

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

A balance sheet isn't exclusive to large corporations; freelancers and creatives can gain invaluable insight into their financial health by using one,...

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

Learning how to calculate gross margin gives solopreneurs instant clarity on their business’s profitability. This simple formula reveals if your pricing...

Man working in a home office

6 min read

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

As an S Corp owner, optimizing your salary-to-distribution split can lead to significant tax savings, reducing your self-employment taxes by thousands...

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

The CP-575 letter, your IRS-issued confirmation of your Employer Identification Number (EIN), serves as your business's official identity. It's essential...

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

For most solopreneurs, understanding your fiscal year is straightforward: the IRS typically requires using a calendar year (January 1 to December 31),...

7 min read

S Corp Distributions Made Simple for Solopreneurs

Hitting the $60,000 profit mark as a solopreneur unlocks significant tax savings through S Corp distributions, helping you cut down on self-employment...

S Corp owner with a tablet in hand

5 min read

How to Set Up Payroll: The Step-by-Step Guide for S Corp Solopreneurs

Establishing payroll as an S Corp solopreneur isn't just about checking off compliance boxes; it's a savvy strategy that empowers you to save thousands by...

The Wedge Newsletter

5 min read

The System That Turned 60-hour Weeks Into 30 Focused Hours

Welcome to The Wedge, a newsletter for solopreneurs who build with structure and purpose. Every newsletter, we study and share how experienced...

3 min read

How to Simplify Your Solo Business Finances with AI

You run a solo business—but that doesn’t mean you have to go it alone. When it comes to managing your business finances, hiring an accountant can provide...

4 min read

5 Financial Warning Signs Solopreneurs Should Watch For

You’re juggling a lot as a solopreneur. You’re marketing your business, growing your network, refining your products and services, and sharpening your...

Switch Your Solo Business From LLC to S Corp

4 min read

Should Your Solo Business Become an S Corp? Here’s How to Decide

Maybe you’ve heard a few mentions of the tax-saving power of S Corps before. Or perhaps (like many solopreneurs) your eyes immediately glaze over whenever...

5 min read

How to Start an LLC: A Straightforward Guide for Solos

While some people decide to go the sole proprietorship route indefinitely, there are some major perks involved with establishing a formal business entity...

7 Financial Mistakes Freelancers and Solopreneurs Should Avoid

4 min read

7 Financial Mistakes Solopreneurs Make (and How to Avoid Them)

There’s no such thing as a perfect solopreneur—everybody makes mistakes. But while it’s normal to mix things up now and then, financial planning is one...

Solo Business Tax Management

3 min read

Choosing the Right Tax Approach for Your Solo Business: DIY or Automation?

While it’s certainly not the most dreamy part of running a solo business, tax management is an important and necessary aspect of self-employment.

AI in Finance

4 min read

Your (Simple and Straightforward) Guide to Using AI for Your Solo Business Finances

Utter the terms “AI in finance” or “fintech” to a group of freelancers and solopreneurs, and most people’s eyes are going to glaze over. It all feels...

Got a tax question?

Got a tax question? 

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