setting up the correct entity helps protect assets and minimize taxes God puts a burden on our hearts that leads us to start a business. The next step is creating the business. Starting a new business venture entails various crucial stages to establish a solid foundation and ensure prolonged success. Once the decision to start

tax strategy for small businesses For businesses generating less than $100,000 in profit, and even for the majority up to $250,000 in profit, opting for S Corporation status proves to be among the most efficient tax reduction strategies. The S Corporation tax status introduces an additional layer of complexity for small businesses. It stands out

timely and accurate reporting turned into actionable information Many small business owners face two significant challenges when it comes to their financials: finding the time to complete them each month and ensuring that all the reported information is accurate. Addressing these challenges is crucial for the overall success and stability of a small business. By

meeting local, state and federal reporting deadlines Navigating the complex landscape of regulatory requirements can be a daunting task for small businesses, but effective compliance management is essential for long-term success, ensuring adherence to laws and standards while minimizing risks and fostering a foundation for sustainable growth. Ensuring success involves mitigating legal risks, adhering to

fully compliant tax returns without overpaying Then he said to them, “So give back to Caesar what is Caesar’s, and to God what is God’s.” – Matthew 22:21 Jesus guides us to fulfill our tax obligations. The intricacies of our tax system, encompassing sales and use taxes, payroll taxes, self-employment taxes, state and federal income

cash is the lifeblood of every small business Revenue is vanity, profit is sanity, but cash is king. Although we engage less in the physical exchange of cash for our transactions, effectively managing the inflow and outflow of funds remains one of the most crucial aspects of our business operations. Even with a profitable enterprise,

your business is your ministry; we’re hear to help the kingdom grow 23 Whatever you do, work at it with all your heart, as working for the Lord, not for human masters, 24 since you know that you will receive an inheritance from the Lord as a reward. It is the Lord Christ you are