August ISM Services: PMI 55.4, new orders 60.9, prices 72.6 - the highest since 2022 - while the employment index stayed in contraction at 47.8.
The August 2026 jobs report tripled forecasts, but the trailing average and two big revisions tell owners a different story about hiring.
Canada's counter-tariffs hit $27.6B of U.S. goods on Sept. 8, 2026. Remission carries over, goods in transit are exempt — but you have to claim at entry, not later.
IRS Fact Sheet 2026-14 sets the Section 163(j) small business exemption at $32 million for 2026. The rolling three-year test means you can move in and out of it.
ISM's August 2026 PMI fell to 54.6% as new orders dropped 3 points — but the Prices Index held at 71.1%. What that squeeze means for small business.
Ottawa released the product-level counter-tariff schedule — 700+ lines across three rate tiers, effective 12:01 a.m. September 8, 2026.
BEA's second estimate holds Q2 GDP at 1.5% while corporate profits surge and PCE inflation is revised up to 5.3%. What it means for your margins.
The IRS will shut off the FIRE e-filing system Nov. 19, 2026. Every information-return filer must move to IRIS and get a new TCC first.
Your LLC worked perfectly when you started out. But now investors are asking about your corporate structure, or you’re ready to offer stock options to key employees, and suddenly that flexible LLC feels like a barrier. Converting from an LLC to a C-Corp is one of the most common structural changes growing businesses make. This...
Many solopreneurs manage finances on their own to save money, but is DIY accounting always the best choice? This leads to a critical comparison of bookkeeper vs. DIY accounting for solopreneurs. Time versus cost. The time you spend bookkeeping is time not spent on billable work. If hiring a bookkeeper frees up hours you can...
Bookkeeping doesn’t have to feel like solving a puzzle. Whether you’re a coffee shop owner, a freelance designer, or a solo entrepreneur, understanding the five basic accounts in bookkeeping is like learning the ABCs of your business’s financial health. Let’s break them down with simple examples and actionable steps—no jargon, just clarity. 1. Assets: The...
As a freelancer in Seattle, Washington, navigating the complex world of taxes can be challenging. However, with proper tax planning, you can maximize your deductions, minimize your tax liability, and ensure compliance with both federal and state regulations. This comprehensive guide will help you understand the key aspects of tax planning for freelancers in the...
Self-employment can be rewarding, offering freedom and flexibility. However, it also comes with added responsibilities, including calculating and paying self-employment tax. This tax can be confusing, especially for new entrepreneurs. In this guide, we’ll walk you through how to calculate your self-employment tax accurately so you can stay compliant and avoid surprises at tax time....
QuickBooks Time (Tsheets intuit), formerly TSheets, is a versatile tool for time tracking and employee scheduling that integrates seamlessly with QuickBooks. This guide explains its features, benefits, and challenges and provides step-by-step instructions to help you make the most of it. What is QuickBooks Time? QuickBooks Time is a cloud-based solution for businesses to streamline...
Small businesses are the backbone of the American economy, driving innovation, fostering community growth, and employing nearly half of the nation’s workforce. Among these enterprises, hair salons and barbershops play a significant role in providing essential services and creating local jobs. However, despite their contributions, these small businesses face challenges that hinder their growth—chief among...