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,...
Have questions? Looking for answers? You can find them here.
4 min read
A balance sheet isn't exclusive to large corporations; freelancers and creatives can gain invaluable insight into their financial health by using one,...
5 min read
Learning how to calculate gross margin gives solopreneurs instant clarity on their business’s profitability. This simple formula reveals if your pricing...
6 min read
As an S Corp owner, optimizing your salary-to-distribution split can lead to significant tax savings, reducing your self-employment taxes by thousands...
5 min read
The CP-575 letter, your IRS-issued confirmation of your Employer Identification Number (EIN), serves as your business's official identity. It's essential...
6 min read
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
Hitting the $60,000 profit mark as a solopreneur unlocks significant tax savings through S Corp distributions, helping you cut down on self-employment...
5 min read
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...
5 min read
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
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
You’re juggling a lot as a solopreneur. You’re marketing your business, growing your network, refining your products and services, and sharpening your...
4 min read
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
While some people decide to go the sole proprietorship route indefinitely, there are some major perks involved with establishing a formal business entity...
4 min read
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...
3 min read
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.
4 min read
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...