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...
Have questions? Looking for answers? You can find them here.
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...
3 min read
Not that long ago, getting reliable financial guidance for your solo business required an accountant. But, today, technology can step in and meet that...